Trends in Fraud and ID Theft

The FTC released a report yesterday on National and State Trends in Fraud & Identity Theft, based on data from Consumer Sentinel and Identity Theft Data Clearinghouse.

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."