Identity fraud survey report: 13.1 million consumers of money cards suffered identity fraud in 2013

BusinessIdentity fraud survey report: 13.1 million consumers of money cards suffered identity...

Identity fraud survey report indicates that anything related to an account that has money is not safe from hackers including credit card accounts, eBay, Amazon and PayPal. 

logo_researchJavelin’s “2014 Identity Fraud Report” indicates that existing card fraud (ECF) became increasingly popular with criminals, contributing to the near-record number of identity fraud victims.  Javelin’s “2014 Identity Fraud Report” provides a comprehensive analysis of fraud trends in the context of a changing technological and regulatory environment in order to inform consumers, financial institutions and businesses on the most effective means of fraud prevention, detection and resolution.

This data clearly exposes just how ineffective current security practices have become,” said Alphonse Pascual, a senior analyst at Javelin who co-authored the study. “The businesses we trust with our personal information have become easy targets.”

While the number of victims is up, less money was stolen: $18 billion last year, down $3 billion from 2012. One reason for the decline: Financial institutions are doing a somewhat better job of spotting fraud and shutting down accounts as soon as it’s detected.

Data breach also compromise your personal information

Asad Haroon
Asad Haroon
A netpreneur, blogger and above all; A Human :) Asad tweets from @aghaasadharoon

Must read

Recent News

Pakistan sets November 1 deadline for deporting all illegal foreign nationals

ISLAMABAD, Pakistan: The federal government has decided to deport all illegal foreign nationals residing in Pakistan after November 01, 2023 to improve law and...

Pakistan to host first Global Health Security Summit

ISLAMABAD, Pakistan: The Ambassador of Azerbaijan to Pakistan Ali Alizada held a meeting with the Federal Minister for Health Dr. Nadeem Jan in Islamabad...

Interbank Dollar Rate Today in Pakistan – 3 October 2023

Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for October 03,...

Honda CG 125 Fuel Tank Capacity

Honda CG 125 has been famous among enthusiasts in Pakistan due to its reliability, fuel economy, and power. One crucial aspect of a Honda...
Toyota Pixis Epoch price in Pakistan

Toyota Pixis Epoch Price in Pakistan 2023

Toyota Pixis is a series of kei cars, kei trucks, and kei microvans which is manufactured by Daihatsu and sold under the name of...