No Surprise Here: Identity Theft Tops FTC Complaints
Once again, identity theft tops the list as the most complained about consumer fraud, according to a just released study by the Federal Trade Commission. Of the 686,683 complaints received by the agency in 2005, 37 percent, or 255,565 were about identity theft. Last year, the agency received 246,847 identity-theft complaints, or about 38 percent of the total 653,040 complaints.
Second on the list: Internet auctions, accounting for 12 percent of the complaints, followed by foreign money offers (8 percent).
Internet-related complaints account for 46 percent of all fraud complaints. Particularly troubling: Internet fraud complaints with "wire transfer" as the reported payment method tripled between 2003 and 2005.
The major metropolitan areas with the highest per capita rates of consumer fraud were Washington D.C., Tampa/St. Petersburg/Clearwater and Seattle.
You can download the report for more information.
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Posted by: ID_Protector | January 26, 2006 3:12 PM
Posted by: Inflowmation | January 26, 2006 3:44 PM
Posted by: Recent Victim | January 26, 2006 3:58 PM
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