8.3 mln Americans were victims of ID theft - FTC
- By Grey McKenzie
- Published 11/28/2007
Grey McKenzie
National Cyber Security Founder
Cyber security watchdog & one of the nation's leading cyber security experts, Grey McKenzie is also the Founder of SpyCop Security Software & Soft Media Publishing Incorporated.
His clients include members of the US Department of Homeland Security, US State Department, US Department of Defense, US Federal Bureau of Investigation, US Central Intelligence Agency, State & Local Law Enforcement not to mention over 50,000 companies & individuals worldwide.
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WASHINGTON, Nov 27 (Reuters) - Nearly 4 percent of American
adults were victims of identity theft in 2005, but half of them
did not incur any out-of-pocket expenses, the U.S. Federal
Trade Commission said on Tuesday.
An agency survey found identity information was stolen from 8.3 million U.S. adults and most commonly used to access or open accounts for credit cards, bank checking, telephone service, e-mail, and medical insurance.
"In more than half of the incidents, victims incurred no
out-of-pocket
expenses," the FTC said in a statement.
However, 10 percent of the victims reported out-of-pocket expenses of $1,200 or more, it said.
However, 10 percent of the victims reported out-of-pocket expenses of $1,200 or more, it said.
The FTC survey also looked at the value of goods or services that thieves obtained using the victims' personal information. In half of all incidents, thieves obtained items or services worth $500 or less while in 10 percent of cases, thieves got at least $6,000.
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