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?

• Executive Summary
• Recommendations Related to Identity Theft/Fraud Demographics
• Consumer Behaviors and How Identities are Stolen ("Identity Theft"
• Characteristics of Identity Fraud Victims by Household Income
• Characteristics of Identity Fraud Victims by Ethnicity
• Characteristics of Identity Fraud Victims by Age Group
• The Geographic Characteristics of Identity Fraud
• Related Research On Identity Theft, Identity Fraud
• Defining Common Terms
• Methodology

Table of Figures

• Figure 1: How Personal Information is Obtained
• Figure 2: Safety-Related Activities by Income Groups
• Figure 3: Safety-Related Activities by Ethnicities
• Figure 4: Safety Related Activities by Age Groups
• Figure 5: Safety Related Activities for Each Time Zone
• Figure 6: Summary Of Identity Fraud Victims by Income Group
• Figure 7: Annual Identity Fraud Losses by Income Group
• Figure 8: Identity Fraud Types by Income Group
• Figure 9: Fraudulent New Accounts Opened by Income Group
• Figure 10: Friendly Fraud by Income Group
• Figure 11: Summary of Identity Fraud Victims by Ethnicity
• Figure 12: Annual Identity Fraud Losses by Ethnicity
• Figure 13: Identity Fraud Types by Ethnicity
• Figure 14: Fraudulent New Accounts Opened by Ethnicity
• Figure 15: Friendly Fraud by Ethnicity
• Figure 16: Summary of Identity Fraud Victims by Age Group
• Figure 17: Annual Identity Fraud Losses by Age Group
• Figure 18: Identity Fraud Types by Age Group
• Figure 19: Fraudulent New Accounts Opened by Ag Group
• Figure 20: Friendly Fraud by Age Group
• Figure 21: Geographic Distribution of Identity Fraud Victims
• Figure 22: Summary of Identity Fraud Victims by Time Zone
• Figure 23: Identity Fraud Types by Time Zone
• Figure 24: Consumer Behavior Patterns.