Study Uncovers 10,000 Identity Fraud Rings in U.S.

November 15, 2012, Written By Natalie Rutledge
Identity Theft

If you think you are immune to identity theft, think again.

A new study found there are more than 10,000 identity fraud rings throughout the country. An identity fraud ring is a group of people actively collaborating to commit identity fraud.

The study by ID Analytics’ ID: A Labs found many of these rings were made up of career criminals, but also a large number consisted of groups of friends or members of families.

The southeastern United States has the greatest concentration of fraud rings. Alabama, North Carolina, South Carolina, Georgia, Mississippi, Texas and Delaware were among the states with the highest numbers of fraud rings.

A significant number of fraud rings were found in rural areas of the country.

The study examined changes in personal identifying information among accounts such as changes in name, address, date of birth and social security numbers. In addition, it analyzed nearly 1.7 billion “identity risk events” including applications for credit cards, payday loans, wireless phones, utilities and other financial services products. The study was conducted from January 2009 to September 2012.

This entry was posted in Credit Card News and tagged credit cards , fraud , ID Analytics , identity theft

The information contained within this article was accurate as of November 15, 2012. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at [email protected]
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