685K identity theft complaints filed in 2005

Some 685,000 consumer complaints on identity theft were filed with FTC in 2005, with victims reporting losses of $680 mln. In 2005, 49 consumers reported losing $1 mln or more during 2005, the FTC said, compared with 42 in 2004.

Some 685,000 consumer complaints on identity theft were filed with FTC in 2005, with victims reporting losses of $680 mln. In 2005, 49 consumers reported losing $1 mln or more during 2005, the FTC said, compared with 42 in 2004. Nearly 14,000 victims said they'd lost over $5,000 to a con artist, a steep jump from just over 11,000 in 2004. Average losses were $2,400 per victim; median losses were $350. In 2004, the average was $1,846 and the median was $263.

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