Only last year, there were 15 million U.S. consumers who, unfortunately, were victims of identity theft, at least according to what the 2022 Identity Fraud Study from Javelin Strategy & Research has claimed.
Criminals had no shame in using personal information from these individuals which added up to $24 billion in losses. This kind of traditional identity theft represents only half the problem.
Plus, identity theft fraud scams where criminals contact various consumers to manipulate them into approving different transactions or even giving up a couple of personal information directly affected 27 million people in 2021.
Of course, losses in these fraud cases have added up to a total of $28 billion. No one really wants to be a victim of identity theft, however, it can be quite difficult to avoid it, given how much personal information is stored by all those companies and organizations that require our personal info.
If you want to know more about what it means to have your identity stolen, read this article!