Fueled in part by the rise in the use of smart phones and social media by consumers, as well as a large number of data breaches, identity theft incidents in the United States rose by 13 percent in 2011 to affect nearly 12 million Americans, according to the â€˜2012 Identity Fraud Report: Social Media and Mobile Forming the New Fraud Frontierâ€™ survey released by Javelin Strategy Research. To download the identity theft survey from Javelin, visit https://www.javelinstrategy.com/brochure/239.
The report found that identity theft increased by 13 percent in 2011 as more than 11.6 million adults became victims in the United States. However, while the number identity theft incidents increased, the dollar amount stolen remained steady. In addition, consumer out-of-pocket costs from identity theft have decreased by 44 percent since 2004, mostly due to improved prevention and detection tools. Other key findings of the survey include:
- Social media behaviors put consumers at risk of identity theft: The survey found certain social media behaviors had higher incidence rates of identity theft than all consumers. Despite warnings that social media networks are a great resource for identity theft, consumers still share a significant amount of personal information frequently used to authenticate a consumerâ€™s identity. Specifically, 68 percent of people with public social media profiles shared their birthday information, 63 percent shared their high school name, 18 percent shared their phone number, and 12 percent shared their petâ€™s name â€“ all examples of personal information a company would use to verify an individualâ€™s identity.
- Smart phone owners experienced greater incidences of identity theft: The survey found seven percent of smartphone owners were victims of identity fraud, a one-third higher incidence rate compared to the general public. Part of this increase may be attributed to consumer smart phone behavior, as 32 percent of smart phone owners did not update to a new operating system when it became available, 62 percent did not use a password on their home screen â€“ enabling anyone to access their information if the phone is lost â€“ and 32 percent saved login information on their device.
- Data Breaches increasedÂ causing more damage from identity theft: The survey found another likely contributing factor to the rise in identity theft was the 67 percent increase in the number of Americans impacted by data breaches in 2011 compared to 2010. Victims of data breaches were 9.5 times more likely to be a victim of identity theft than consumers who did not receive a data breach letter.Â
Now in its ninth consecutive year, the Javelin Strategy Research survey is the nationâ€™s longest-running study of identity theft, which is defined as the unauthorized use of another personâ€™s personal information to achieve illicit financial gain. As for the methodology used for the survey, Javelin conducted a survey of a representative sample of 5,022 U.S. adults, including 818 identity theft victims, in October 2011 to identify important findings about the impact of identity theft. The â€˜2012 Identity Fraud Report: Social Media and Mobile Forming the New Fraud Frontierâ€™ from Javelin Strategy Research is available at: https://www.javelinstrategy.com/brochure/239.
For more information about identity theft, read Employment Screening Reousrces (ESR) News Blogs tagged â€˜identity theftâ€™ at http://www.esrcheck.com/wordpress/tag/identity-theft/. For more information about background checks, visit Employment Screening Resources (ESR) â€“ â€˜The Background Check AuthoritySMâ€™ and nationwide background screening company accredited by The National Association of Professional Background Screeners (NAPBSÂ®) â€“ at http://www.esrcheck.com/ or call ESR at 415.898.0044.
About Employment Screening Resources (ESR):
Employment Screening Resources (ESR) â€“ â€˜The Background Check AuthoritySMâ€™Â â€“ provides accurate and actionable information, empowering employers to make informed safe hiring decisions for the benefit for our clients, their employees, and the public. ESR literally wrote the book on background screening with â€œThe Safe Hiring Manualâ€ by Founder and CEO Lester Rosen. ESR is accredited by The National Association of Professional Background Screeners (NAPBS), a distinction held by less than two percent of all screening firms. By choosing an accredited screening firm like ESR, employers know they have selected an agency that meets the highest industry standards. For more information about Employment Screening Resources (ESR), visit http://www.esrcheck.com/ or call 415.898.0044.
About ESR News:
The Employment Screening Resources (ESR) News blog â€“ ESR News â€“ provides employment screening information for employers, recruiters, and jobseekersÂ on a variety of topics includingÂ credit reports, criminal records, data privacy, discrimination, E-Verify, jobs reports,Â legal updates, negligent hiring, workplace violence, and use of search engines and social network sites for background checks. For more information about ESR News or to send comments or questions, please email ESR News Editor Thomas Ahearn at firstname.lastname@example.org.