STATS
- Reported phishing attacks totaled over 31,000 globally in 2004. That number is expected to reach over 86,000 in 2005.
- TowerGroup, Phishing Report
- The average consumer spent approximately $80.45 on gift cards last year. Overall, consumers spent about $17.3 billion on gift cards in the 2004 holiday season - up $100 million from last year.
National Retail Federation, Press Release
- It is estimated that identity theft occurs 27,118 times per day, 1,130 times per hour, and 19 times per minute in the United States.
Federal Trade Commission
- Credit cards are now considered the most lucrative segment of banking. 144 million Americans now have at least one general-purpose credit cards. About 40% of cardholders pay in full each month without incurring any fees or charges.
New York Times, 11/21/04
- The typical household has eight credit cards with $7,500 on them.
Ibid
- Holiday spending in 2004 was expected to exceed $15 billion - an increase of approximately 26% over the 2003 season.
ComScore Networks, www.comscore.com
- About 48% of home equity lines of credit change when the prime rate changes. The majority of those that change (78%) are based on prime rate in the WSJ, plus a spread over that index.
Consumer Bankers Association 2004 Home Equity Loan Study. www.cbanet.org
- The average amount outstanding on lines of credit as of June 30, 2004, was almost exactly the same as it was a year ago - $36,427 in 2004; $36,602 in 2003.
Ibid.
- The average amount of line of credit approvals in 2004 was $77,526; 12% over 2003's average of $69,513. Average household income was $76,467, down from 2003's $80,829. And the average appraised home value for new home equity loans was $246,772 in 2004 and $249,598 in 2003. The average credit score for approved customers was 726.
Ibid.
Copyright © 2005 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 14, No. 12, 1/05
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