Study shows: More than 60 percent of Americans are concerned about identity theft – NMP Skip to main content

Study shows: More than 60 percent of Americans are concerned about identity theft

Oct 14, 2009

Whether it’s a security breach at a national department store, a waiter scanning your credit card at a restaurant, or a lost wallet, identity theft is rampant. In 2008, according to the Federal Trade Commission (FTC), close to 10 million consumers reported being victimized. However, many consumers still do not feel well-prepared when it comes to identity theft protection. According to a recent National Foundation for Credit Counseling (NFCC) online poll of more than 1,000 individuals, 60 percent responded that they’d like to feel more protected, but don’t know what steps to take. Recognizing this gap in identity theft education, the NFCC and Council of Better Business Bureaus (CBBB) are proud to join together in providing consumers with identity theft prevention tools through the second annual National Protect Your Identity Week (PYIW), Oct, 17-24, 2009. Hundreds of events across the country will be available to consumers during the week. PYIW educational events can be located by going to either ProtectYourIDNow.org or CuideSuIdentidad.org, a Spanish language PYIW site new to the 2009 outreach. Hosted by a local member of the NFCC, BBB or other Coalition Member, consumers can take advantage of identity theft workshops, onsite shredding and credit report reviews. The Web site also includes identity theft prevention tips, videos, an interactive quiz to assess your risk of identity theft, and resources for victims. Also new in 2009 to ProtectYourIDNow.org is a blog hosted by nationally known identity theft expert Robert Siciliano. Siciliano will be providing insight, information and advice for consumers each day during PYIW. After PYIW, Siciliano will post weekly on the blog throughout the year on topics relevant to identity theft. Underscoring the need for additional identity theft protection are the results from the same NFCC online poll which showed that 19 percent of respondents are either not concerned about ID theft, or think their efforts are a waste of time, as the crooks will always stay one step ahead of the consumers. This data suggests that such an attitude puts these consumers at additional risk for identity theft.  
About the author
Published
Oct 14, 2009
CFPB Weighs Changes To TRID Timing And Mortgage Rescission Rules

The bureau is seeking feedback on whether federal disclosure requirements raise costs, delay closings or limit access to mortgage credit

CFPB Issues AI Underwriting Guidance On Adverse Action Notices

The agency says proprietary and machine-learning models do not relieve lenders of their fair lending and disclosure responsibilities

VantageScore Says 4.0 Model Could Unlock $1 Trillion In Mortgage Originations

New study says VantageScore 4.0 scores five million more creditworthy borrowers than FICO Score 10T, expanding lending opportunities as the industry prepares for the GSE credit score transition

MISMO Updates Mortgage Insurance Standards To Support FICO 10T, VantageScore 4.0

New implementation guide standardizes mortgage insurance data exchange, helping lenders, insurers and technology providers prepare systems for newer credit scoring models

Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market