The Demographics of Identity Fraud: Through education and vigilance, banks can prepare and protect those most vulnerable

Abstract

Overview

This report-a companion report to the 2006 Identity Fraud Survey Report published in January 2006-examines identity fraud and its characteristics relative to the demographics of its victims. The report provides fi nancial institutions with a fi ner understanding of how their identity fraud prevention, detection, and resolution processes can be modifi ed to better serve their clients and reduce operating losses.

Primary Questions

• How do consumer behavior differences affect identity fraud?
• Which demographic groups are most at risk for identity fraud?
• What are the identity fraud losses incurred by companies relative to each demographic group?