Abstract
Overview
Right on the heels of the recently released 2008 Identity Fraud Survey Report, the 2008 Javelin Identity Fraud Forecast predicts how identity fraud trends will change over the next five years, projecting overall measures of impact, fraud types, and targeted channels of misuse through 2013. Leveraging longitudinal consumer data, based on a combined total of over 19,000 respondents surveyed over the past four years, the forecast builds upon the nation' s most comprehensive, nationally representative study of identity fraud.
Primary Questions
- How many consumers will become victims of identity fraud through 2013, and how will incidence rates change over the next five years?
- How will fraud average amounts, consumer costs, and resolution hours vary from 2008 to 2013?
- Which channels will be increasingly targeted by fraudsters, and how must financial institutions plan defenses accordingly?
- What future trends can be expected for existing card fraud, specifically credit and debit?
Table of Contents
- Overview
- Primary Questions
- Findings and Analysis
- Methodology
- Annual Identity Fraud Projected to Decline 2008-2013; Consumer Costs to Rise
- Friendly Fraud, a Crime of Opportunity, Expected to Remain Strong Threat
- Existing-Card Fraud Forecast to Continue Decreasing over Next Five Years
- New-Accounts Fraud Incidence Expected to Steadily Increase through 2013
- Debit-Card Fraud Incidence to Draw more Level with Credit in Coming Years
- Credit Card to Recover $3B over Next Five Years, Debit Fraud to Hold Steady
- Fraudulent New Telephone Accounts Expected to Show Marked Growth
- Card-Not-Present Fraud Slated to Increase through 2010, before Tapering Off
- Related Research
- Companies Mentioned
Table of Figures
- Figure 1: US Overall Measures of Impact Forecast 2008-2013
- Figure 2: Identity Fraud: One-Year Incidence Rates and Number of Victims, Forecast 2003-2013
- Figure 3: Existing-Card Fraud: Total Annual Losses, Forecast 2005-2013
- Figure 4: New-Accounts Fraud: Annual Incidence Rates, Numbers of Victims, Forecast 2005-2013
- Figure 5: New-Accounts Fraud: Total Annual Losses, Forecast 2004-2013
- Figure 6: Incidence of Credit- and Debit-Card Fraud, Forecast 2005-2013
- Figure 7: Credit vs. Debit: Total Annual Fraud Amounts, Forecast 2005-2013
- Figure 8: Fraudulent New Telephone Accounts: Millions of Victims, Forecast 2003-2013
- Figure 9: Online-Purchase Fraud: Incidence and Millions of Victims, Forecast 2005-2013
- Figure 10: How Fraud Impacts Consumer Financial Behavior
