FTC study says I.D. theft is on the rise


— 12:07 PM on January 23, 2004

This concerns people who do a lot of business over the Internet. A Federal Trade Commission study released on Thursday has found that identity theft is on the rise.

The Federal Trade Commission has released its annual report detailing consumer complaints about identity theft and listing the top 10 fraud complaint categories reported by consumers in 2003. For the fourth year in a row, identity theft topped the list, accounting for 42 percent of the complaints lodged in the FTC’s Consumer Sentinel database. The FTC received more than half a million complaints in 2003, up from 404,000 in 2002, and Internet-related complaints accounted for 55 percent of all fraud reports, up from 45 percent in 2002.
The FTC's official report can be found here.
 
   
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