By understanding this, you can better protect yourself and your loved ones. According to the latest cybercrime statistics from , an average of 1 million children fall foul to identity theft every year. In addition to accounting for the high family costs above, stats like these paint a bleak picture surrounding the worrying fact that child identity theft often fetches higher prices on the black market.
Young people love social media, but so do cybercriminals! In fact, individuals using these platforms face a significantly higher risk due to social media identity theft. While this stat may suggest kids face the highest risk, anyone who loves to share their life online should be careful.
To you, it might be a harmless picture of your lunch on Instagram, but everything you post online opens an ID portal. Facebook, our favorite social network, is most definitely the top contender for breaches, identity theft stats tell us. In the Cambridge Analytica scandal, for instance, hackers bought tokens to access an astonishing 50 million accounts!
MyFitnessPal tops even that, with a breach that left an impressive million users at risk of data theft! Many victims of identity theft statistics also pinpoint seniors as a potential danger area. Older people might not use Facebook as much, but criminals still gain access to their information over the phone. High trust levels and technological confusion are often used against elderly individuals to gain access to information, including card details.
There are countless benefits to shopping online. The problem is that, as more of us turn to ecommerce, online shopping identity theft is very much on the rise. Anyone shopping online is at a significant risk of ID theft issues, according to the latest identity theft stats. And, given that most of us now do at least some of our spending on the Web, we all fall into the high-risk category for breaches that could cost us much more than a single purchase!
The key takeaway from this article? ID theft is a real and very possible risk that every single one of us faces. If these identity theft stats have taught you anything, it should be that cybersecurity needs to be at the front of your mind.
That means updating your antivirus software and taking the time to come up with a new password for everything you do online! Use these identity theft statistics the right way, and they might just keep the whole family safe from fraud for years to come! Jenifer Kuadli January 06, Fascinating Identity Theft Facts Around 1 in 15 people become victims of identity fraud.
Americans are most likely to have their identities stolen. Over 1 million children become victims of identity crimes each year. The total loss for identity theft in the U. Getting a Feel for Identity Fraud Primarily concerning online activity, identity theft statistics for paint an unsurprisingly bleak picture. Worse still: This somewhat untested landscape can make it tricky even for experts to get their heads around.
The better consumers understand identity theft, the more equipped they are to protect themselves. Our identity theft glossary below is regularly updated to include the most recent identity theft terms that are in the news. Anyone with a Social Security number can be the subject of identity theft, but the most common victims are children, seniors, members of the military and social media users.
People who regularly check for identity theft warning signs, such as strange credit card charges or new accounts opened in their name without their consent, are less likely to have their information compromised. Rob Douglas is an information security consultant specializing in the investigation and prevention of identity theft and scams. For two decades, Rob has assisted the financial services sector, the telecommunications industry, the general business community, government and law enforcement agencies to better understand the scope and methodology of identity crimes through presentations, educational materials, auditing and consultation.
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Save my name, email, and website in this browser for the next time I comment. Table of Contents. Have you ever looked into the definition of identity? So why should you care about that? But first some of the numbers. In , t here were 1,, identity theft reports. Ok, so what are we dealing with here? Identity Theft Victims in Numbers 1. There were 1,, identity theft reports in Every two seconds, there is a new victim of identity theft.
Source: Clark. Roughly 1 in 15 people was a victim of identity fraud in Types of Identity Theft There are several different types of identity theft. Here are the most common ones to beware of, along with short explanations: Financial fraud This occurs when a fraudster uses your financial information to steal money or make a purchase.
Tax fraud In this case, the fraudster will use your personal information in order to receive your tax returns. Medical fraud To avoid paying for high medical bills themselves, the fraudster will use your personal information so you end up with them instead.
Employment fraud In order to pass a background check, a fraudster will use your personal information. Criminal fraud A fraudster will use your information to get out of a criminal process.
It can be something benevolent like paying a speeding ticket, or something with far bigger consequences. Identity Theft Statistics During Covid With state and federal aid programs for taxes due date extention and direct financial assistance, various scams are on the rise.
In July , 4, identity theft reports have been filed while the peak was in May — 7, reports. Source: The Ascent To protect yourself and your business, stay informed above all! Cost of Identity Theft Identity theft is when someone steals your personal information and uses it without your permission, usually for financial gain.
Source: Insurance Information Institute Criminals use the details of a person and borrow money in their name. Data breach in the States was an ever-increasing issue in the past 14 years. The state of Georgia marks the highest number of identity theft — around cases per , Of all 3 million reported frauds to the Federal Trade Commission FTC in , stats reveal identity theft accounted for Source: FTC Identity theft statistics for say the most common types of frauds are: Credit card fraud Employment or tax-related fraud Phone and utilities fraud Bank fraud Loan or lease fraud Governmental documentation or benefits fraud And the one category that affects most significantly consumers is: Credit Card Fraud Statistics Credit card frauds accounted for more than , reports in Chances of Identity Theft 9.
Source: FTC Compared to the other groups where this type of crime makes no more than Source: FTC Furthermore… The same group is the one affected by the largest increase of identity theft and fraud rates, according to reports, submitted to FTC — Identity Theft Crime Growth TFC announced , reported cases of identity theft in , making it the second-highest year in terms of identity theft reports on record.
Source: FTC Identity theft has been steadily growing since the beginning of the century, with 86, cases reported in Source: FTC Since then, the report counts have been fluctuating, with their lowest point at , in How many people are victims of identity theft?
Data Breach Growth- 21st Century Plague A data breach means someone has gained access to your personal information. Data breaches happen most often when an organization financial, government or other is hacked. But individuals could also be targetted. For the first 6 months of , nearly 3, publicly disclosed data breaches were registered.
Source: Forbes Statista also weighs in on data breaches and identity thefts statistics, reporting that: Source: Statista An enormous amount of data in the wrong hands.
Medical Identity Theft Statistics Healthcare and Finance contribute the most to the swelling number of cybercrime statistics. Healthcare leads the statistics with a record: Healthcare proves to be the most vulnerable sector.
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