Question: Identity fraud occurs when someone else s personal information is used

Identity fraud occurs when someone else’s personal information is used to open credit card accounts, apply for a job, receive benefits, and so on. The following relative frequency bar graph represents the various types of identity theft based on a study conducted by the Federal Trade Commission.
(a) Approximately what percentage of identity theft was loan fraud (such as applying for a loan in someone else’s name)?
(b) If there were 10 million cases of identity fraud in 2008, how many were credit card fraud (someone uses someone else’s credit card to make a purchase)?

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  • CreatedApril 27, 2015
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