Identity Theft – Trends, Patterns, and Typologies Based on Suspicious Activity Reports. Filed by the Securities and Futures Industries January 1, 2005 December 31, 2010. Report released September 2011.
“This report focuses on identity theft in the securities and futures industries. Based on Suspicious Activity Report by the Securities and Futures Industries (SAR-SF) filings, it describes recent patterns and trends of SAR-SF reporting and identifies methods by which identity thieves may access and abuse investment, retirement, and trust accounts to defraud individual account holders and/or securities firms. FinCEN added identity theft as a characterization of suspicious activity on the SAR-SF form in May 2004 following an increase in the reporting of this type of activity. This study is based on SAR-SF filings made between 2005 and 2010. It complements an October 2010 FinCEN report that described, in part, ways that identity thieves reportedly defraud individuals and depository institutions by gaining unauthorized access to credit cards, loans, and depository accounts…The number of SAR-SFs reporting identity theft grew by 89 percent from 2005 to 2010, and nearly 13 percent of all SAR-SF filings over the 6-year period in part characterized the reported activity as identity theft.”
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