The real number might be at least twice this big. Even if you haven’t been victimized, when you hear news of another significant data breach or a friend tells you a story of ID theft woe, you may wonder if you’re next—or if it’s something you need to worry about at all. Identity theft is any fraud related to using someone else’s personal information. The United States Department of Education encourages college-aged students to be particularly aware of identity theft. $1.48 billion is taken from people in 2018 due to identity theft. On average, adults aged 50 to 59 lose over $500 because of identity theft. The United States Department of Justice states that in 2010, 7% of all United States households had at least one member of the family at or over the age of 12 who has been a victim of some sort of identity theft. Studies conducted by ID Analytics have shown that identity thieves have been applying for credit cards under the names of the deceased, opening up clean credit lines, new cell phone services, and in a staggering 1.6 million cases, using Social Security numbers previously belonging to dead people. Your best source for presentations, workshops, consultation, news, videos, and information about identity theft, scams, data breaches, and other information security threats. 3% of identity theft victims have reported signs of emotional distress. One out of five victims (21.2 percent) was over the age of 60, the most victims by age. Check credit reports at least three times a year. Lastly, college students are not as attentive to their banking accounts and private information, which buys the identity thief valuable time with your funds at hand. IDENTITY THEFT STATISTICS The cold hard facts…what every American should know about identity theft . Child identity theft affects 3 million kids each year. Since children have perfectly clean backgrounds, no real credit score to speak of, and their parents don’t think to monitor the status of their identity, they make easy targets for identity theft. Identity (ID) theft happens when someone steals your personal information to commit fraud. It targets more vulnerable sectors, such as children and seniors. With such easy access to your Social Security number, an identity thief has all the information they need to commit their crime. There were 650,572 cases of identity theft in 2019. Consider these identity theft statistics: In 2019, 14.4 million consumers became victims of identity fraud — that’s about 1 in 15 people Overall, 33 percent of U.S. adults have experienced identity theft , which is more than twice the global average This means that as the methods for managing financial accounts increase, more types of attacks will also surface. Few things leave a person feeling more vulnerable and taken advantage of. The data below shows the most common victims of this type of crime. Younger people lose money to fraud more often compared to older people since 43% of identity theft instances happened to people aged 20-29 while only 15% of them are aged 70-79. In 2018, 10,590 military consumer credit card frauds were reported. Identity theft is a rapidly expanding issue in the United States and the rest of the world. Losing your hard-earned money to identity theft is a painful experience. So, even sites that help protect against identity theft may be draining your funds via an unclear trial offer scheme. The problematic part is that customers often forget to cancel these temporarily “free” subscriptions, or they don’t realize they need to cancel, and then charges begin to accrue in their accounts from a service they may not even use. Identity theft costs an individual $263 on an average. Active social media users have 30% more chance to become the victim of identity theft. ID Theft Myths and facts about identity theft Myths and facts about identity theft. Security breaches are a leading indicator of identity theft incidents. In 2018, identity theft (15%) is the third most common type of fraud in the US. Almost 2.5 … On the average, fraud happens every 2 seconds and involves more people than you could think. Total fraud occurrences happened to 5.66% of consumers. In 2018, the instances of mobile phone account takeovers rose to 679,000, which is almost double of last year’s 380,000. In 2018, 23% of identity fraud victims had unreimbursed personal expenses. Over 45% of victims felt they could not trust family members after experiencing ID theft. It’s easy to use and share these free resources from the FTC. Consider adopting more advanced security services such as 3DS protocols and a robust data-sharing framework. There were more reports filed about Identity theft in all its various manifestations in 2019 (20.3% of all reports), than any other type of complaint. Only 1% of online fraud cases in Europe are ID theft-related. Home > Identity Theft Statistics > Victims. Yes, the internet is filled with information about this crime and suggestions on how to avoid it. Email. According to a 2012 report it released examining ways these services could be bettered, customers most commonly complained about the service’s lack of addressing misleading trial offers. This way, you can have all the information you need to protect your data and your business. Elderly people aged 80+ have an average loss of over $1,000 in 2018. Banks must prepare for the rising instances of familiar fraud. Nearly 60 million Americans were affected by impersonation in 2017. The main reasons fraudsters use child identities is to administer illegal immigration, steal, and wipe clean the credit scores of a loved one by utilizing that of a child in their place. Is identity theft common? Identity theft is a problem for millions of people. Current Flight Pricing Trends: 2021/2022 Data, Statistics &... 11 Current Business Trends: 2021/2022 Data, Insights &... 44 Credit Score Statistics: 2020/2021 Data By Age,... 56 Marriage Statistics: 2020/2021 Global Data, Analysis &... 35 Shoplifting Statistics: 2020/2021 Data, Trends & Impact. 15% of people lose money every year on average because of identity theft. 1% of US consumers have experienced fraud incidents. In 2018, the main targets of identity thieves are connected cameras and routers, which accounted for 90% of the activity. Identity theft is the fastest growing crime in the United States according to the Secret Service and the Federal Trade Commission. And these are just cases reported. RESIDENTS EXPERIENCED IDENTITY THEFT IN 2014 : Press Release Part of the Identity Theft Series: Victims of Identity Theft, 2014 Presents findings on the prevalence and nature of identity theft from the 2014 Identity Theft Supplement to the National Crime Victimization Survey. ID theft cost the US economy $16 billion in 2018. The report said that more than 446 million consumer records containing personal information were exposed in data breaches in 2018. The top percentile of these victims lost as many as $3,000, an unsettling amount to personally lose as a result of identity theft. Even if you personally haven’t been victimized, hearing the data and statistics on identity theft may make you think, am I next? In order to direct you to an appropriate policy, please select the region where you live. Many of the figures listed below will undoubtedly be alarming and discouraging to any security-minded individual. About 15% of people have experienced identity fraud. We are available all day, every day to help. We provide numerous resources to detect and combat ID theft, and rebuild should your find yourself a victim. Sponsors and Partners? Free trials are everywhere, offering a week or months’ worth of Weight Watchers, Netflix, or Proactiv face wash. 2) … Thirty-one percent of these students were burglarized or knew someone in the building who was burglarized, which means that their personal information could have been compromised. While many Americans will not be victmized in the coming year, it is important to understand the facts and statistics of identity theft. Identity thieves will adapt to the technology at hand. Employ multi-channel alerts to help prevent account takeovers. 19% of residents in the US experience at least one identity theft incident. Roughly one in 17 Americans experienced identity theft in 2018. In 2019, there were 12.46 incidents of identity theft per 100,000 residents in Canada. Learn ID Theft Resources 15 Facts You Have to Know About Identity Theft 15 Facts You Have to Know About Identity Theft. 3. 0. Here are 15 facts about this growing crime that may surprise you. Share. Identity theft facts & statistics: 2019-2021 Identity theft is a major problem for consumers, resulting in billions of dollars in financial losses each year. Identity theft affects millions of people each year. Of the 1.7 million fraud cases, 23 percent reported money was lost. There were 157,688 credit card fraud reports in the US in 2018. Over the range of this time period, credit card misuse was doubled as the determining factor in identity theft. Consider some of these stats from the Bureau of Justice Statistics 1: 7% of US residents age 16 or older were victims of identity theft in 2014. So here are some tips on how to fight fraudulent attacks. Be responsible on social media and keep personal information private. With the global increase in identity theft, many governments are providing Identity Theft statistics on the growth of this crime in their country. From 2005 to 2010, 64.1% of these instances involved credit card fraud, the fastest growing type of identity theft. Source: Javelin Strategy & Research, 2020. Identity theft often tops the list of consumer fraud reports that are filed with the FTC and other enforcement agencies. The first and second are imposter scams (18%) and debt collection (16%), respectively. Identity theft happens regularly. However, identity thieves are getting smarter about how they access your information. 8% of identity theft victims ended up getting indebted to someone and 40.5% can’t afford their bills anymore. A large chunk of these victims experienced raised premiums as a result of medical identity theft, with almost half losing coverage entirely. Below are statistics from this report and from The Identity Theft Resource Center, The Javelin Report, ID Theft Center.org, The FTC, and CBS News. Victims of Identity Theft, 2014 17.6 MILLION U.S. Those aged 30 to 39 reported the most cases of identity theft last year. Medical identity theft can be distressing to its victims, who often incur charges for medical care they didn’t even receive after their computerized medical records are stolen. Identity theft is when a cybercriminal gains access to your personal information to steal money or gain other benefits. However, customers complained that the identity theft protection sites themselves were unclear as to the trial offer stipulations. Center for Victim Research: Identity Theft and Fraud, There’s a new victim of identity theft every two seconds: Here’s the best way to protect yourself online, The Non-Economic Impacts of Identity Theft, 2016 Identity Theft Resource Center survey of identity theft victims, Damage Caused by Identity Theft Statistics, 2018 Identity Fraud: Fraud Enters a New Era of Complexity, 2019 Identity Fraud Study: Fraudsters Seek New Targets and Victims Bear the Brunt, 2020 Identity Fraud Study: Genesis of the Identity Fraud Crisis, Market Maker Review: Pricing, Pros, Cons & Features. Business Intelligence (BI) tools are great in a way that it doesn’t matter if you have 10 or 10,000 employees; you will surely be able to find value in them regardless. That means the odds are greatly against you. In 2017, 6.64% of consumers, which roughly translates to 1 in every 15 people, have fallen victim to identity fraud. You…, In the digital age, making even the most educated guesses won’t cut it anymore when it comes to business. Here are some of the trends on the subject: As you can see from the data above, identity theft is damaging, costly, and is a common occurrence. 30. The average ID theft loss in the United States is $850. There was a … These acts can damage your credit status, and cost you time and money to restore your good name. Sam Cook Data journalist, privacy advocate and cord-cutting expert To conclude, we hope that this compilation of statistics was able to give you a better idea of the whys, hows, whats, and whens of identity theft. Latest identity theft and security breach news plus commentary from Rob Douglas and his team of identity theft and scam experts. A total of $16.9 billion has been lost due to fraud in 2019 alone. The US metropolitan area that’s affected most by the identity theft crisis is Atlanta-Sandy Springs-Roswell, which reported 16,902 cases in 2019. In 2020, credit card fraud is the most prevalent type of identity theft case with over 167,000 people having reported credit card account opening with their information. According to the findings from a study conducted by the Federal Trade Commission, 19,428 complaints regarding medical identity theft have been reported to the Consumer Sentinel Database since January 1, 1992. Be protected with recent statistics on identity theft, including most common ways thieves can steal your identity. Each year, 7-10% of the U.S. population are victims of identity fraud and 21% of those are repeat victims. 2 In 2019, the Federal Trade … Account takeover incidents increased by 79% from 2017 to 2018. Approximately 15 million United States residents have their identities used fraudulently each year with financial losses totalling upwards of $50 billion. It’s a hefty crime that affects a big cut of the population. In the year 2016 and the year 2017, ID theft statistics have attracted a lot of attention and interest. Aside from the actual monetary loss, victims have also been struggling with emotional and social issues. Half of the Cases Include Theft of Government Documents; The easiest way of obtaining a financial benefit is through social security number. Over the range of this time period, credit card misuse was doubled as the determining factor in identity theft. Because more people are using the cloud, the instances of ransomware activities decreased by 20%. The instances of malicious PowerShell scripts attacks went up by 1,000% in 2019. Significant Yoga Statistics: 2020/2021 Benefits, Facts & Trends, 37 Leadership Statistics: 2020/2021 Data, Trends & Predictions, Speakap Review: Pricing, Pros, Cons & Features, Personal Capital Review: Pricing, Pros, Cons & Features, SAP SuccessFactors Review: Pricing, Pros, Cons & Features, Top 7 QlikView Alternatives & Competitors: Best Similar Business Intelligence Software, Top 10 GlassWire Alternatives & Competitors: Best Similar IT Security Software Software, Best Construction Estimating Software – 2021 List of Top 10 Construction Estimating Software Tools, Apple iCloud vs Microsoft OneDrive Comparison 2021, Compare Best Handguns For Self Defense: Beretta 92FS Vs. Glock 17 Gen4. New account fraud losses exceed $3.4 billion . ID theft victimhood can also erode personal relationships. According to Time Magazine, 2.5 million dead people get their identities stolen every year. 9% of identity theft victims sought the services of mental health professionals. How to Fix Your Credit After Identity Theft, How the Uber Hack Could Get You Robbed This Holiday Season, Identity Thieves Bought a New Car in Her Name—Here’s How She’s Fighting It. ID theft statistics. Identity theft sets the government, American citizens, and businesses back by billions of dollars each year. In order to address their daily needs, 38.89% of the victims had to use their savings.