Traditional identity fraud losses soar, totalling $52 billion in 2021

A study shows that 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. Further, the number of adults in the United States impacted by traditional identity fraud grew more than 50%, reaching more than 15 million victims, a Javelin identity fraud study reveals. The study also found that losses from identity fraud scams, in which a fraud … More →

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account hijacking consumer fraud identity javelin strategy & research scams soar