Being in first place usually brings with it bragging rights, but not if it’s the top spot in the Federal Trade Commission’s annual complaint report. For the 12th year in a row, identity theft has held that dubious distinction, as ID theft complaints once again topped the 2011 list. Of more than 1.8 million complaints filed in 2011, 15 percent were related to identity theft.
Although smartphones brought great convenience into people’s lives, they also brought with them another opportunity for thieves to access personal data and use it to their advantage. As a matter of fact, a recent study by Javelin Research found that smartphone users are approximately 33% more likely to become a victim of identity theft than non-users. Further, the Javelin study also revealed that 62% of smartphone users do not use password protection, allowing anyone who finds or steals their phone to have access to the contents which typically includes a vast amount of personal information.