[Report] 2008 Identity Fraud Survey Report: Identity Fraud Continues to Decline, But Criminals More Effective at Using All Channels TOC

Executive Summary
- Major Findings
- Recommendations
  - Recommendations to Institutions
  - Recommendations to Consumers
Measuring the Impact of Identity Fraud
- Regional Overview of Identity Fraud: Incidence Rates by State
- Existing Accounts Fraud
- Existing Card Accounts Fraud
  - Existing Credit Card and Existing Debit/Prepaid Card Incidence Rates
  - Existing Credit Card and Debit/Prepaid Card Total Fraud Amounts
  - Average Fraud and Consumer Costs for Debit, Credit and Prepaid Cards
- Existing Non-Card Accounts Fraud
  - Which Existing Non-Card Accounts Have the Highest Rates of Misuse?
  - How Do Criminals Takeover Accounts?
New Accounts and Other Frauds
- Surge in Fraudulent New Telephone Accounts
- Efforts to Stop New Network-branded Cards Frauds Paying Dividends
Preventing Identity Fraud
- How Is Information Obtained?
- Fraudsters Are Focusing their Efforts on the Phone Channel
- How Does the Fraud Amount Vary by the Way Information Is Obtained?
- Data Breaches in 2007 - The Year of TJX
Detecting Identity Fraud
- Self- detection Leads to Faster Discovery of Frauds
- The Identity Fraud Life-Cycle
- What Means Are Used to Commit Fraud?
  - How Long Is Information Misused?
  - How Long Does It Take to Detect Identity Fraud?
- How Is Identity Fraud Discovered?
  - Which Methods of Detection Result in the Lowest Average Fraud Amounts?
  - Which Method of Detection Is Most Effective for Each Fraud Type?
Resolving Identity Fraud
- What Are the Consumer Costs Associated with Identity Fraud?
- What are the Average Resolution Times?
- Legal Actions to Resolve Fraud
Consumer Profiles
- The Risks by Income
- The Risks by Age Group
- The Risks by Ethnicity
- Risks for Latinos
- Consumer Behaviors
- How does Identity Fraud Alter Consumer Behavior?
- Victim Responses Vary by Age
Related Research
Appendix
Glossary
Methodology

Table of Figures

Figure 1: Overall Measures of Impact
Figure 2: Numbers of Victims (in Millions) and One-Year Incidence Rates
Figure 3: Incidence Rates and Average Fraud Amounts for New Accounts by Year
Figure 4: Incidence Rates and Average Fraud Amounts for All Existing Accounts by Year
Figure 5: Incidence Rates and Average Fraud Amounts for Existing Card Accounts vs. Existing Non-Card Accounts by Year
Figure 6: Javelin Prevention, Detection, and Resolution™ Model
Figure 7: One-Year Fraud Incidence Rates
Figure 8: US Fraud Incidence Rates by State, Averaged Over Three Years
Figure 9: Historical Incidence Rates by Fraud Type (One-Year Data)
Figure 10: Existing Card Fraud by Credit, Debit and Prepaid Percentages
Figure 11: Incidence Rates for Existing Card Fraud by Type
Figure 12: Total Annual Fraud Amounts for Existing Card Fraud by Types
Figure 13: Existing Card Fraud by Type: Mean and Median Fraud and Consumer Costs
Figure 14: Types of Existing Non-card Accounts Misused
Figure 15: Account Takeover Methods
Figure 16: Fraudulent New Accounts Opened
Figure 17: Fraudulent New Payment Accounts Opened
Figure 18: Means of Access
Figure 19: Incidence Rates of Transactional Fraud by Type
Figure 20: Average Fraud Amount by Means of Access
Figure 21: TJX Data Breach Timeline
Figure 22: Percentage of Financial Institutions Meeting Safety Criteria by Category
Figure 23: Average Fraud Duration and Detection Time by Self- and External Detection
Figure 24: Average Fraud Lifecycles by Type
Figure 25: Identity Fraud Lifecycles for Existing Card Fraud by Type
Figure 26: Identity Fraud Lifecycles for Existing Network and Store-branded Cards
Figure 27: Mean Fraud and Consumer Costs for Store-branded Credit Cards
Figure 28: Means of Misuse
Figure 29: Average Days of Misuse by Fraud Types
Figure 30: Average Length of Misuse by Method of Access
Figure 31: Average Days to Detect Fraud by Detection Method
Figure 32: How Is Identity Fraud Detected?
Figure 33: Average Fraud Amounts by Detection Method
Figure 34: Methods of Detection by Fraud Type
Figure 35: Average Consumer Costs by Detection Method
Figure 36: Methods of Detection for Existing Credit and Debit Card Fraud
Figure 37: Average Dollar Fraud Amount by Detection Time
Figure 38: Average Number of Hours to Resolve Fraud
Figure 39: Types of Legal Actions Taken
Figure 40: Incidence Rates and Average Fraud Costs by Income Levels
Figure 41: Incidence Rates and Average Fraud Costs by Age
Figure 42: Incidence Rates and Average Fraud Costs by Ethnicity
Figure 43: Percentages of New Accounts Fraud Victims by Ethnicity
Figure 44: Consumer Financial Behaviors
Figure 45: Consumer Behavior Changes after Fraud Victimization
Figure 46: Changes in Fraud Victims' Financial Behavior
Figure 47: Victim Responses to Fraud by Age for 18-to-24-Years vs. All Consumers
Figure 48: Victim Responses to Fraud by Age for Seniors vs. All Consumers
Figure 49: Numbers of Victims before Weighting by Year
Figure 50: Mean Dollar Value of Misappropriated Funds
Figure 51: Three-Year Averaging of Fraud Amounts

2008 Identity Fraud Survey Report: Identity Fraud Continues to Decline, But Criminals More Effective at Using All Channels

Table of Contents

Table of Figures