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From The FBI...
Although not a new crime, identity theft has evolved into a serious and pervasive threat to consumers and the financial services industry alike. Estimates vary on the true impact of the problem, but law enforcement and consumer advocacy groups agree that financial institutions lose billions of dollars each year to identity theft and consumers face additional hardships, ranging from financial loss to time spent trying to undo the harm caused to their credit records and other aspects of their lives. Identity theft also puts significant demands on law enforcement, as federal, state, and local law enforcement agencies and prosecutors grapple with venue issues and limited resources, which can complicate their efforts to effectively deal with the problem.
A survey conducted by the Federal Trade Commission (FTC) in 2006 estimated that 8.3 million American consumers, or 3.7 percent of the adult population, became victims of identity theft in 2005. Most of the financial losses are suffered by credit issuers and banks, as victims are rarely held responsible for fraudulent debts incurred in their name; however, victims often bear the responsibility of contacting their banks and credit issuers after an identity theft has occurred. The same FTC survey determined that victim consumers spent over 200 million hours in 2005 attempting to recover from identity theft.
FBI Seal, ... Headline Archives. CORPORATE TAKEOVER A New Twist
on Identity Theft. 06/18/07. ...
... Identity theft is an increasingly insidious and pervasive problem—one that
the FBI and other law enforcement agencies can’t tackle alone despite ...
... in Albany, NY, on five felony counts. The convictions related to an identity theft
scheme perpetrated by SLAUGHTER and others from the Philadelphia area that ...
... thom.mrozek@usdoj.gov www.usdoj.gov/usao/cac. Information Security Consultant
Pleads Guilty to Federal Wiretapping and Identity Theft Charges. ...
