Identity Theft Still Mostly An Offline Scam

from the phishing-just-a-drop-in-the-bucket dept

A year ago we noted that, despite plenty of hype about online fraud and identity theft, it was a very small part of the problem. An updated version of the study notes that, not only are online scams a small part of overall identity theft, they may be decreasing. However, the study does claim that the average loss to online identity theft has gone up quite a bit in the last year. What’s not clear from the article, though, is how this study was conducted. One of the problems with measuring identity theft is that the victims sometimes don’t even realize what’s happened for a while — or how extensive the damage really is.


Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Identity Theft Still Mostly An Offline Scam”

Subscribe: RSS Leave a comment
9 Comments
Anonymous Coward says:

No Subject Given

It is the TV and newspaper media that are focusing on online scams- to scare people away from using computers.

Every time you let a waiter and waitress take your card to a back room to process it, you are at risk!

Would you let a stranger use your computer after you logged into your online accounts?

And when is the last time the TV or newspaper press reported the real risks?

haggie (user link) says:

No Subject Given

From an FTC report:

Some 38 percent of identity theft victims said they hadn’t bothered to notify anyone — not the police, not their credit card company, not a credit bureau. Even when fraud losses purportedly exceeded $5,000, the kept-it-to-myself rate was 19 percent.

Perhaps some people decide that raising a stink over a wrongful charge isn’t worth the trouble. Even so, the finding made the overall validity of the data seem questionable to Fred Cate, an Indiana University law professor who specializes in privacy and security issues.

“That’s not identity theft,” he said. “I’m just confident if you saw a charge that wasn’t yours, you’d contact somebody.”

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Ctrl-Alt-Speech

A weekly news podcast from
Mike Masnick & Ben Whitelaw

Subscribe now to Ctrl-Alt-Speech »
Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...
Loading...