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Identity Theft #1 Consumer Fraud Complaint To FTC in 2007

This week the FTC released the list of the top 20 consumer fraud complaints they received in 2007.

Not surprisingly, identity theft topped their list, accounting for 32% of all the complaints.

The FTC received 140,000 more complaints in 2007 than in 2006.

Here's the full list:

1. Identity Theft 32 %

2. Shop-at-Home/Catalog Sales 8%

3. Internet Services 5%

4. Foreign Money Offers 4%

5. Prizes/Sweepstakes and Lotteries 4%

6. Computer Equipment and Software 3%

7. Internet Auctions 3%

8. Health Care Claims 2%

9. Travel, Vacations, and Timeshares 2%

10. Advance-Fee Loans and Credit Protection/Repair 2%

11. Investments 2%

12. Magazines and Buyers Clubs 2%

13. Business Opportunities and Work-at-Home Plans 1%

14. Real Estate (Not Timeshares) 1%

15. Office Supplies and Services 1%

16. Telephone Services 1%

17. Employ. Agencies/Job Counsel/Overseas Work 1%

18. Debt Management/Credit Counseling <1%

19. Multi-Level Mktg./Pyramids/Chain Letters <1%

20. Charitable Solicitations <1%

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Rebecca Herold's Bio:

Rebecca Herold,CISSP, CIPP, CISM, CISA, FLMI, has been providing information security, privacy and regulatory assistance and services to organizations from a wide range of industries for over 18 years. Rebecca was instrumental in building the information security and privacy program while at Principal Financial Group, which was awarded the CSI Information Security Program of the Year Award in 1998. IT Security ranked Rebecca as one of the top 59 IT security influencers, and Computerworld put Rebecca their list of the 25 top privacy experts and on their list of the 9 best privacy consulting firms. Rebecca has been CPO for two consulting organizations, and has had her own information privacy, security and compliance business since 2004. Rebecca has written chapters for several books, dozens of articles, and has been writing a monthly privacy column for the CSI Alert newsletter since the beginning of 2001, and is working on her 11th book. Some of her other books include The Privacy Papers, Managing an Information Security and Privacy Awareness and Training Program, The Definitive Guide to Security Inside the Perimeter (Realtime Publishers), The Shortcut Guide to Improving IT Service Support through ITIL (Realtime Publishers), and The Practical Guide to HIPAA Privacy and Security Compliance. In addition, Rebecca is the leader of The Realtime IT Compliance Community where she posts to her IT Compliance weblog. You can contact Rebecca at: rebecca_herold@realtimepublishers.net.