A new report called "2013 Identity Fraud Report," released by Javelin Strategy & Research, has found that 1 in 4 people who receive letters that their personal information had been breached become victims of identity fraud, with breaches involving Social Security numbers being the most damaging, according to a Javelin Strategy & Research report.
In October 2012, Researchers conducted an address-based survey of 5,249 U.S. consumers to identify important findings about the impact of fraud and uncover areas for improvement.
The key findings of the report are:
• 1 in 4 consumers that received data breach letters became victims of identity fraud. Consumers who had their Social Security numbers compromised were five times more likely to become fraud victims than the average consumer.
• The number of identity fraud victims in 2012 was 12.6 million, and fraudsters stole more than $21 billion.
• Consumer information was misused for an average of 48 days in 2012, down from 55 days in 2011.
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In October 2012, Researchers conducted an address-based survey of 5,249 U.S. consumers to identify important findings about the impact of fraud and uncover areas for improvement.
The key findings of the report are:
• 1 in 4 consumers that received data breach letters became victims of identity fraud. Consumers who had their Social Security numbers compromised were five times more likely to become fraud victims than the average consumer.
• The number of identity fraud victims in 2012 was 12.6 million, and fraudsters stole more than $21 billion.
• Consumer information was misused for an average of 48 days in 2012, down from 55 days in 2011.
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