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TMCNet:  Research and Markets: 2014 Identity Fraud Report: Card Data Breaches and Inadequate Consumer Password Habits Fuel Disturbing Fraud Trends

[February 07, 2014]

Research and Markets: 2014 Identity Fraud Report: Card Data Breaches and Inadequate Consumer Password Habits Fuel Disturbing Fraud Trends

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/bhmtd7/2014_identity) has announced the addition of Javelin Strategy & Research's new report "2014 Identity Fraud Report: Card Data Breaches and Inadequate Consumer Password Habits Fuel Disturbing Fraud Trends" to their offering.

In 2013, 13.1 million consumers suffered identity fraud - the second highest level on record. 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 year, Javelin continued to explore the relationship between the compromise of personal information in a data breach and fraud incidence. In addition, Javelin examined the effects of consumer password habits, mobile device usage, and social networking on identity fraud. 2014 ID fraud report data were gathered by a survey of a representative sample of 5,634 U.S. adults, including 936 fraud victims. This report has been issued as a longitudinal update to the Javelin 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, and 2013 Identity Fraud reports, and the Federal Trade Commission's 2003 Identity Theft Survey report.


The survey was made possible in part by Intersections LLC and Visa Inc. To preserve the project's independence and objectivity, the sponsors were not involved in the tabulation, analysis, or reporting of final results.

Key Topics Covered:

Overview

Executive Summary

Recommendations

Consumers

Financial Institutions

Merchants

Quick Reference Guide

Fraud Types

New-Account Fraud

Account Takeover Fraud

Familiar Fraud

Prevention

Data Breaches

Mobile

Social Networking

Passwords

Detection

Means of Detection

Methods of Detection, 2011-2013

Effect of Fraud on Consumers Varies by Method of Detection

Shifting Fraudster Tactics Are Mitigating Improvements in Detection

Balancing Passive and Electronic Self-Detection Reduces Fraud Impact

Resolution

New-Account Fraud

Account Takeover Fraud

Severity of Fraud and Responses to Fraud

Responses to Fraud

Table of Figures

Table of Figures

Companies Mentioned

- Amazon

- MasterCard

- American Express

- Microsoft

- Apple (News - Alert)

- Mozilla

- Barnes and Noble

- PayPal

- Facebook

- RIM

- Google

- TJX

- LinkedIn (News - Alert)

- Visa

For more information visit http://www.researchandmarkets.com/research/bhmtd7/2014_identity

Source (News - Alert): Javelin Strategy & Research

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


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