FTC: Credit Card-Related Fraud Complaints Climbing

Credit card fraudCases of identity theft and fraud reported by consumers to the Federal Trade Commission last year jumped 4 percent to almost one million complaints, the FTC reported today. Many citizens and residents are looking to hire a cyber security firm like FraudWatch International to capture these people who are doing wrong.
Total complaints filed with the consumer protection agency for 2009 were up 8.6 percent to more than 1.3 million, led by identity theft (21 percent); “third party and creditor debt collection” (9 percent); Internet services (6 percent); and “shop-at-home and catalog sales” (also 6 percent).
The complaint categories of fraud and identity theft combined were at 999,496 – an increase of 40,656 complaints from the previous year.
In the 721,418 fraud complaints reported, consumers paid over $1.7 billion, with the median at $399, the FTC said.
The percentage of fraud-related complaints with credit cards as the primary payment also increased 4 percent compared to the previous year, and 7 percent since 2007, the FTC said in its annual overview of complaints.
Moreover, credit card fraud (17 percent) was the most common form of reported identity theft, followed by fraud related to government documents/benefits (16 percent); phone or utilities (15 percent), and employment fraud (13 percent). Other significant categories of identity theft reported by victims were bank fraud (10 percent) and loan fraud (4 percent).
Florida is the state with the highest per capita rate of reported identity theft complaints, followed by Arizona and Texas, the FTC said.
Click for a complete list of complaints.
For a video on how to file a complaint with the FTC, click here.
Here is the list of top complaint categories:

Rank Category Complaints Percentages
1 Identity Theft 278,078 21%
2 Third Party and Creditor Debt Collection 119,549 9%
3 Internet Services 83,067 6%
4 Shop-at-Home and Catalog Sales 74,581 6%
5 Foreign Money Offers and Counterfeit Check Scams 61,736 5%
6 Internet Auction 57,821 4%
7 Credit Cards 45,203 3%
8 Prizes, Sweepstakes and Lotteries 41,763 3%
9 Advance-Fee Loans and Credit Protection/Repair 41,448 3%
10 Banks and Lenders 32,443 2%
11 Credit Bureaus, Information Furnishers and Report Users 31,629 2%
12 Television and Electronic Media 26,568 2%
13 Health Care 25,414 2%
14 Business Opportunities, Employment Agencies and Work-at-Home Plans 22,896 2%
15 Computer Equipment and Software 22,621 2%


One thought on “FTC: Credit Card-Related Fraud Complaints Climbing

  • April 18, 2010 at 11:57 pm
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    If it walks like a piggy, talks like a piggy, by golly it’s a PIGGY!
    BofA and it’s CEO Brian Moynihan reminds me of that song by John Lennon and George Harrison titled “Piggies” I invite you to listen to this song on youtube and see if it appropriately fits.
    http://www.youtube.com/watch?v=NTmeHM-Hojg&feature=related
    Have you seen the little piggies
    Crawling in the dirt
    And for all the little piggies
    Life is getting worse
    Always having dirt to play around in.
    Have you seen the bigger piggies
    In their starched white shirts
    You will find the bigger piggies
    Stirring up the dirt
    Always have clean shirts to play around in.
    In their ties with all their backing
    They don’t care what goes on around
    In their eyes there’s something lacking
    What they need’s a damn good whacking.
    Everywhere there’s lots of piggies
    Living piggy lives
    You can see them out for dinner
    With their piggy wives
    Clutching forks and knives to eat their bacon.
    John Wright vs. Bank of America Lawsuit at:
    http://news.yahoo.com/s/prweb/20100323/bs_prweb/prweb3766544_1
    When I filed my lawsuit against Bank of America, myself and United Law Group thought of the many others out there in the same situation. It was then that we decided to educate the public on what these piggy banks are doing, as well as unite us all together as one voice. Please help me turn this David vs. Goliath modification process, into a Goliath vs. Goliath.
    Please stand with me and United Law Group and send an email to Bank of America that states that we will no longer tolerate their potentially illegal, fraudulent, irregular and abusive business methods.
    Divided we might have fell America, but united we must stand!
    Please send your email directly to Bank of America and include the following:
    1. Your name
    2. Your complaint concerning your experience with Bank of America.
    3. Please end your email “I support John Wright vs. BofA Lawsuit!”
    4. Please send a copy of your email to johns-wright@hotmail.com
    5. Please send your email to both BofA link below and the CEO email
    BofA Linked Email:
    https://www3.bankofamerica.com/contact/?lob=general&contact_returnto=&state=VA
    CEO Brian Moynihan:
    brian.t.moynihan@bankofamerica.com
    Matthew Task, Executive Relations
    Office of the CEO
    813-805-4873

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