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8 surprising facts about identity theft you need to know

Credit Card Scams

8 surprising facts about identity theft you need to know

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Identity theft affects millions of people a year, and it’s a problem that has been growing each year thanks to the rise of online banking and commerce. In 2021, for example, there were 5.7 million consumer fraud reports filed in the United States, according to the Federal Trade Commission (FTC). More than 25% of those were defined as identity theft, which increased by 113% from the year before. Total fraud cases accounted for $5.8 billion in losses in 2021. 

Anyone, young and old, can become a victim of identity theft, and there are many warning signs. We’ve previously identified eight types of identity theft. Here are a few more things worth knowing about the criminal enterprise. 

What is identity theft? 

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