METRICS: ID Theft Tops List of Costly Fraud Complaints

Identity theft and fraud cost Americans at least $437 million in 2003. Identity theft complaints numbered 215,000 reports, marking a 33 percent increase over the year before.

Half of those who filed reports lost less than $228. The average incident cost Americans $1,868 because of a few large losses ($1 million-plus).

SOURCE: US Federal Trade Commission

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