STATS

54% of businesses surveyed said increased use of ACH credits would reduce fraud. However, 60% said increased use of ACH debits to their accounts would create greater exposure to payments fraud.
Association for Financial Professionals, Bethesda, MD, 2/2005, www.AFPonline.org/research
Of the 50 top malicious codes detected in the last six months of 2004, 54% contained identity theft features - a 36% increase over the same period in 2003. This indicates that financial gain is behind the attacks.
Symantec Study, "Credit Union Tech Talk", 4/4/05
Approximately 2% of all online sales are fraudulent.
The Direct Marketing Association, 4/21/05, www.the-dma.org
Merchants lost $2.6 billion in online fraud in 2004, compared to $700 million in 2003.
CyberSource Corporation, 4/21/05
Twice as many seniors nationwide took reverse mortgages in 2004 over the number in 2003.
U.S. Department of Housing and Urban Development, 5/02/05
March existing-home sales in March, 2005, 6.89 million, were the third highest level on record, exceeded only by June, 2004 (7.02 million) and November, 2004 (6.98 million).
National Association of Realtors, 5/2/05
In 1997, 2.4 million working families spent more than 50% of their income on housing. In 2003, the number grew to 4.2 million.
Housing Landscape for America's Working Families, National Housing Conference, 5/2/05
SVPCO Electronic Clearing Services said that by May 3, 2005 its Check Image Exchange Network averaged more that $1 billion and over 125,000 check images a day. By the end of the year that daily volume is expected to be $3 billion.
The Clearing House Payments Company, LLC, 5/3/05

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