- About This Study
- Conducted in November 2009
- Published January 27, 2010
- Analyzed approximately 5,000 fraud records
Leveraging data sources from both Experian’s Fraud and Identity Solutions group and Experian Marketing Services, Experian® has produced a powerful and descriptive portrait of identity fraud victims.
Experian’s analysis makes it clear that affluent suburbans* top the list as the most at-risk consumers.
For the purposes of this study, identity fraud was defined as any event in which a third party used the identity of another consumer for financial gain or service procurement.Identity fraud victims tend to be affluent suburbans
Segmenting identity fraud victims by marketing demographic bands reveals that victims are most likely to fall into the Affluent Suburbia category. In fact, identity fraud victims are 43 percent more likely to fall into this category than nonvictims.
Identity fraud victims tend to fall into three of the 12 demographic bands defined by Experian Marketing Services’ Mosaic® consumer segmentation system:Affluent Suburbia
Who: The wealthiest households in the United States, living in exclusive suburban neighborhoods and enjoying the best everything has to offer.
Risk: +43% more identity fraud victims compared with a general population of credit applicationsUpscale America
Who: College-educated couples and families living in metropolitan sprawl earning upscale incomes that provide them with large homes and very comfortable active lifestyles.
Risk: +22% more identity fraud victims compared with a general population of credit applicationsAmerican Diversity
Who: A diverse group of ethnically mixed singles and couples, middle-aged and retired with middle-class incomes from blue-collar service-industry jobs.
Risk: +13% more identity fraud victims compared with a general population of credit applications.
Perhaps not so surprisingly, the neighborhood characteristics, preferred hobbies and educational status of identity fraud victims fall in line with a general description of an affluent suburban.Identity fraud victims live in densely populated metro areas with high wealth
Compared with a general population of credit applicants, identity fraud victims live in neighborhoods where:
The median income is 11 percent higher
The percentage of new vehicles is 13 percent higher
The percentage of luxury vehicles is 26 percent higher
The percentage of homeowners is 23 percent higher
Their communities tend to be densely populated metro areas, and they often live in multifamily or condominium residences.Where victims reside
Counties in metro areas with a population of 1 million or more +16%
Completely rural areas with a population of less than 2,500 -60%
Urban areas with a population of 2,500–19,999 -28%
Urban areas with a population greater than 20,000 -25%
Compared with a general population of credit applicants, identity fraud victims display a clear tendency toward leisure activities such as tennis and foreign travel compared with a general population of credit applicants:
Foreign travel +70%
As compared with a general population of credit applicants, identity fraud victims are 13 percent more likely to have a college degree and 73 percent more likely to hold an advanced degree. Additionally, they also are 6 percent more likely to be married.Methodology
This study was conducted in November 2009 by Experian’s Fraud and Identity Solutions group in conjunction with Experian Marketing Services. The study analyzed approximately 5,000 fraud records and 34,000 nonfraud records originating from January 2007 to November 2008. This sample was analyzed against marketing demographics and lifestyle data provided by Experian Marketing Services’ Mosaic consumer segmentation system.
Mosaic is Experian’s premier consumer lifestyle, household-based segmentation system that classifies all U.S. households and neighborhoods into one of 60 unique segments and 12 overarching groups, providing insight into a household’s demographic, lifestyle, preferences and behavioral aspects.
For the purposes of this study, identity fraud was defined as any event in which a third party used the identity of another consumer for financial gain or service procurement.
To review additional Experian information, including data analysis, research and related information, please visit www.experian.com/insight.
*Affluent Suburbia, Upscale America and American Diversity are grouping names within the Mosaic system.
©2010 Experian Information Solutions, Inc. All rights reserved. Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.