It's seven years in a row now that identity theft has ranked as the number one source of fraud complaints, according to the Federal Trade Commission (FTC).
The FTC puts total consumer fraud losses at $1.2 billion --- which is probably on the low wise because it doesn;t take into account the costs involved with rebuilding your identity and getting you good name back.
Based on that $1.2 billion figure, the FTC says, the average monetary loss for an individual at $349.
Credit card fraud came in second, followed by utilities fraud, employment fraud and bank fraud .
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