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Identity fraud cost Americans a total of about $56 billion last year, with about 49 million consumers falling victim. That's ing to the 2021 Identity Fraud Study by Javelin Strategy & Research released Tuesday.
In 2021, about 23.9 million people (9% of U.S. residents age 16 or older) had been victims of identity theft during the prior 12 months. For 76% of identity-theft victims in 2021, the most recent incident involved the misuse of only one type of existing account, such as a credit card or bank account.
How Scammers Engage Victims Identity Theft Reports and Losses by Contact MethodContact MethodNumber of ReportsMedian LossPhone call646,440$1,200Text378,119$900Email264,069$8005 more rows ?
Studies show that around 33% of US adults have experienced some form of identity theft. And the identity fraud tide is growing.As more people continue to work from home, experts predict that 1 in every 4 people in the US will fall victim to this growing crime trend.
Ing to the FTC, online fraud ? of which identity theft is a major component ? cost Americans $8.8 billion in 2022, with median losses of $650; some private estimates are much higher. Nearly one in five (18%) of our survey respondents report continued financial loss today as a consequence of identity theft.
Millions of words have been written about the financial cost of identity fraud, for both the financial institution and the victim ? and for good reason. In 2021 identity fraud cost U.S. businesses an estimated $52 billion, ing to Javelin Strategy & Research.
Victims lost $52 billion to identity thieves last year, new AARP-backed report finds. Nearly 42 million Americans were victims of identity fraud in 2021, costing consumers $52 billion in total losses, ing to a new report cosponsored by AARP.