Identity theft still going strong in the U.S.

“As long as we live in a free country, with ready access to information and information is important - and we’re not gonna try to control that - criminals out there will find a way to obtain that information and commit identity theft.”- Martin BiegelmanThe FBI calls it "the fastest growing white-collar crime in America."

Identity theft continues to be a major problem in the United States. The FTC recently released a list of the top consumer complaints in 2007, and identity theft is number one for the eighth consecutive year thanks to 258,427 complaints filed last year. Identity theft occurs when someone uses your personal information, such as Social Security number or credit card, without your permission to commit fraud or other crimes, according to the FTC Identity Theft website.

Fraudsters will use stolen information to obtain a credit card, rent an apartment, purchase goods online, and even withdraw money from a bank account, and sadly, you won't find out about the crime until it's too late. The worst part is that identity theft victims are left to clean up the mess alone, which can sometimes take months, even years depending on the damage. (More on tech.yahoo.com)

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2007 List of Top Consumer Fraud Complaints

Rank

Category

Complaints

%

1 Identity Theft 258,427 32
2 Shop-at-Home/Catalog Sales 62,811 8
3 Internet Services 42,266 5
4 Foreign Money Offers 32,868 4
5 Prizes/Sweepstakes and Lotteries 32,162 4
6 Computer Equipment and Software 27,036 3
7 Internet Auctions 24,376 3
8 Health Care Claims 16,097 2
9 Travel, Vacations, and Timeshares 14,903 2
10 Advance-Fee Loans and Credit Protection/Repair 14,342 2
11 Investments 13,705 2
12 Magazines and Buyers Clubs 12,970 2
13 Business Opportunities and Work-at-Home Plans 11,362 1
14 Real Estate (Not Timeshares) 9,475 1
15 Office Supplies and Services 9,211 1
16 Telephone Services 8,155 1
17 Employ. Agencies/Job Counsel/Overseas Work 5,932 1
18 Debt Management/Credit Counseling 3,442 <1
19 Multi-Level Mktg./Pyramids/Chain Letters 3,092 <1
20 Charitable Solicitations 1,843 <1

Source: ftc.gov

Thanks!

Thanks!

Good Blog. I will continue

Good Blog. I will continue reading it in the future. Nice layout too.

Aaron Wakling