STATS

STATS

The typical ID-theft victim is in his or her 40s, white, married, college-educated and with annual income of $50,000 to $75,000. The average victim is taken for about $4,000 in fraudulent charges and spends, on average, 81 hours trying to resolve their cases.
June ID Theft Survey, Nationwide Mutual Insurance
Though most consumers are reimbursed, 16%, most of them debit-card victims as opposed to credit card victims, end up paying some or all of the costs of fraudulent purchases.
Ibid.
The average community bank will spend more than $200,000 and devote over 2,000 internal staff hours to comply with Section 404 of the Sarbanes-Oxley Act.
FDIC citing ICBA's Community Bank Survey on the Costs of Section 404
Reported on Bankrate.com
About 97% of fake $5, $10, and $20 counterfeit bills and about 80% of $50 counterfeits are now produced by means of digital copying on desktop computers and color printers. Just two years ago only 46% of all counterfeit money was printed that way.
US Secret Service
There is about $700 billion in genuine US currency worldwide.
Ibid.
In 2004, it is estimated $43.4 million in counterfeit currency was passed in the United States.
Ibid.
There is now anti-counterfeiting technology in the form of a Counterfeit Deterrence System that blocks computers and copiers, disabling their ability to copy currency.
Ibid.
In banks under $5 billion in assets, 75.6% of employees who are compliance officers said that compliance was not their only job.
2003 survey, ABA Banking Journal
1,500 banks nationwide are affected by the final rule passed raising the small bank asset size threshold to $1 billion for CRA exams. The former cutoff figure was $250 million. The rule was effective September 1, 2005
ICBA Washington Weekly Report, 7/22/05