In 2012, one in twenty Americans were victims of identity fraud. According to Javelin Strategy & Research, 5% of consumers in the United States or 12.6 million people were victims of ID theft, an increase of nearly one million people over 2011. The cost of identity fraud in 2012 totaled $21 billion, up $3 billion rise from the previous year.
Don’t ignore notices of data breaches!
One in four consumers who received a notice of a data breach became an actual victim of identity fraud later, according to the study. The most common information used by criminals in identity fraud include Social Security numbers, credit cards and online banking credentials.