Identity Theft Around the World

Recent data indicates that identity theft affects national economies around the world. In the United States the FTC reported a loss of approximately $50 billion dollars annually for consumers and businesses. The Home Office of the United Kingdom calculated the cost of identity theft to the British economy at $3.2 billion during the last three years. Estimates from the Australian Centre for Policing Research place the cost of identity theft to individuals in Australia at $3 billion each year. . .