Financial Crimes Prevention
Financial Crimes threaten the safety of financial systems world-wide. Identity theft and identity fraud are terms used to refer to all types of crimes in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain.
Did you know?
- The total number of new fraud incidents fell between 2019 and 2020. Just 5.1% of consumers reported being victims of fraud, compared to 5.7% of consumers reporting as such in 2018. (Comparitech.com)
- 40% of takeovers happen within 24 hours of a criminal’s access to a victim’s account. (Javelin Research)
- There was over 1.6 million fraud reports in 2019. 33% of these were from people between the ages of 20 and 29, while just 13% were from people over 70 years old. (ftc.gov-Federal Trade Commission)
- 1.3 million children’s records are stolen every year. Foster children have an even greater risk as a percentage of all children. (Identity Theft Resource Center)
- As of 2019, Texas ranks 3rd in the nation for the number of cybercrime victims (Internet Crime Compliant Center).
Partners & Resources
- Houston Police Department Cyber & Financial Crimes Division investigates criminal activity carried out through the use of technology and modern telecommunication networks. www.houstontx.gov/police/divisions/cyber_&_financial_crimes/index.htm
- Harris County District Attorney Consumer Fraud Division employs Fraud Examiners in the Major Fraud Division, Consumer Fraud, and the Public Integrity Division. The Major Fraud Division specializes in investigating and prosecuting all types of white-collar crimes (swindles, frauds, thefts, insurance fraud, misapplications, mortgage fraud, etc.) as opposed to street crimes. app.dao.hctx.net/how-avoid-consumer-fraud
- Harris County Sheriff’s Office Financial Crimes Unit educates the community on financial crime prevention and investigates financial crimes. www.harriscountyso.org/Programs/programs_BurglaryAndFinancialCrimes.aspx
- AARP has programs that educate seniors on the costs of financial exploitation and how to prevent it. https://local.aarp.org/houston-tx/