Major shifts and the growing risk of identity fraud

Traditional identity fraud losses, caused by criminals illegally using victims’ information to steal money, exploded in 2021 to $24 billion — an alarming 79% increase over 2020, according to Javelin Strategy & Research. The number of adults in the United States impacted by traditional identity fraud grew more than 50%, reaching more than 15 million […]

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Pandemic-related identity fraud: How serious is it?

The Identity Theft Resource Center (ITRC) and LexisNexis Risk Solutions have released the Pandemic-Related Identity Fraud Crime Victim Impacts Report, which shows how individuals and government agencies have been impacted since 2020 by an unprecedented wave of government benefits identity fraud. “We speak with identity crime victims every day at the ITRC,” said Eva Velasquez, […]

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