Ten Thousand Identity Fraud gangs active in United States
This article shares alarming statistics on how large identity theft has become in our nation:
QUOTE: There are 10,000 active identity theft crime rings across the United States, with the greatest concentration in a "ring of fraud" that stretches across the Southeast from Virginia to Mississippi, according to a new report by fraud-fighting firm ID Analytics.
A majority of these rings are what the firm calls "Friends & Family" groups, not professional criminal organizations, the report concludes. The rings are most highly concentrated in Washington D.C.; Detroit; Tampa, Fla.; Greenville, Miss., Macon, Georgia; and Montgomery, Ala., the report found.
ID Analytics compiled the results by examining its massive database of credit applications and other identity “risk events,” which now includes 1.7 billion entries. The firm cross references credit applications from major banks, auto dealers, wireless firms and other credit grantors looking for evidence of systematic identity fraud.