HomeNewsBrief'Mexico 8th in World for Identity Theft'
BRIEF

'Mexico 8th in World for Identity Theft'

CYBERCRIME / 10 FEB 2013 BY MICHAEL TATONE EN

Mexico now ranks in the top ten for identity thefts worldwide and is the highest ranked country in Latin America, according to an international firm which specializes in identity theft prevention.

The report, presented by Alfonso Flores, the General Director of the CPP in Mexico, did not provide exact numbers on the rate with which the crime is growing, but did state that reported cases have risen in the last three to four years, coinciding with a worldwide increase.

Flores went on to explain that the increase in identity theft cases can be attributed to a fast growing national economy, and to increased access to banking services enjoyed by the middle and working class.

He added that resolving an identity theft case can cost over $23,000 and take up to 600 hours.

InSight Crime Analysis

As El Economista reports, part of the CPP's study was based on an experiment, in which company employees planted 500 wallets across Mexico's capital city, with phone numbers and other personal identity information inside. The CPP then tracked how many wallets were actually returned: just 47, or nine percent. According to the CPP's data, nine out of 10 Mexicans carry sufficient information in their wallets to be victims of identity fraud, should the wallets be lost or stolen.

Nevertheless, there is reason to question the study, as it is being presented by a company dedicated to selling identity protection services and thus with an incentive to exaggerate the level of threat. The CPP has also seen some black marks against its reputation. As recently as last year, the CPP was the target of an investigation by the Financial Services Authority (FSA) in the United Kingdom for "serious offenses"  that resulted in the company being fined more than $22.9 million. The FSA said the CPP embellished the dangers associated with identity theft while selling credit card insurance.

Identity theft is one of many forms of cyber crime in Mexico. In 2009, police responded to nearly 1,400 complaints related to cyber crime, with more than half of the cases involving fraud. Cyber security is an increasingly important issue in the country, coming on the heels of a high-level security breach in Mexico by hacker group Anonymous, which was reportedly able to obtain the personal data of 25,000 members of the military.

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

Related Content

COCAINE / 10 FEB 2015

Mexico's armed forces seized just over one ton of cocaine in 2014, a three-fold reduction from the year before, highlighting…

MEXICO / 11 OCT 2011

State authorities detained more than 100 municipal police officers and cadets suspected of corruption and links to organized crime in…

MEXICO / 31 JAN 2012

Authorities in Mexico have captured an alleged Zetas hitman accused of killing more than 75 people. Many of these victims…

About InSight Crime

THE ORGANIZATION

Venezuela El Dorado Investigation Makes Headlines

3 DEC 2021

InSight Crime's investigation into the trafficking of illegal gold in Venezuela's Amazon region generated impact on both social media and in the press. Besides being republished and mentioned by several…

THE ORGANIZATION

Gender and Investigative Techniques Focus of Workshops

26 NOV 2021

On November 23-24, InSight Crime conducted a workshop called “How to Cover Organized Crime: Investigation Techniques and A Focus on Gender.” The session convened reporters and investigators from a dozen…

THE ORGANIZATION

InSight Crime Names Two New Board Members

19 NOV 2021

In recent weeks, InSight Crime added two new members to its board. Joy Olson is the former executive director of the Washington Office on Latin America…

THE ORGANIZATION

Senate Commission in Paraguay Cites InSight Crime

12 NOV 2021

InSight Crime’s reporting and investigations often reach the desks of diplomats, security officials and politicians. The latest example occurred in late October during a commission of Paraguay's Senate that tackled…

THE ORGANIZATION

Backing Investigative Journalism Around the Globe

5 NOV 2021

InSight Crime was a proud supporter of this year's Global Investigative Journalism Conference, which took place November 1 through November 5 and convened nearly 2,000 journalists…