In Washington, more than 8,300 consumers filed identity theft reports with the FTC last year.
The Federal Trade Commission received nearly 400,000 identity theft reports in 2016. Here in Washington, more than 8,300 consumers filed identity theft reports last year with the FTC.
Recent FTC experiments show how quickly ID thieves exploit stolen information. In one experiment, it took 90 minutes for crooks to try to use fake personal information the FTC had posted on website commonly used by identity thieves. A few weeks later, we ran the experiment again and this time it took just 9 minutes. The total number of attempts: 119 using the first batch of information and 1,108 using the second set. Our experiments also demonstrated that the market for stolen information is global. Internet addresses from close to 30 countries were associated with attempts to use the stolen information.
With the speed, stealth, and global reach of ID theft, what can we do to frustrate thieves and limit the damage? The answer is to make fighting ID theft an all-hands endeavor. And if you are an ID-theft (more…)