Confidential information stored on smartphones might not be confidential for long. Javelin Strategy & Research's 2012 Identiy Fraud Report shows that seven percent of smartphone users are victims of identity fraud. That is a one-third higher incident rate than for the rest of the country, the report says.
According to the report, identity theft claimed 11.6 million adult victims in the U.S. in 2011, a rise of 13 percent from 2010, largely due to the popularity of smartphones.