Now that our most trusted reports and surveys are in, we give you our 2 Minute Guide to Identity Theft in 2019.
Our Infographic depicts key elements that stood out last year.
We will be compiling pieces on a number of these subjects individually over the coming months to see whether these are new trends or "one off" spikes.
But for now, some comments on last year:
Identity Fraud Losses at $16,9 billion! - An increase of over 15% from the previous year showing that the financial impact is massive.
New Account Credit Card Fraud - PIN and Chip has made it harder for identity thieves to use cards at point of sale and so their focus has shifted to fraudulently opening new accounts. A huge increase year on year.
Medical Services Fraud - Medical Identity Theft is still growing and a prime target for identity thieves owing to the high cost of medical care. With an increase of over 100% we expect continued fraudulent activity using stolen identities to continue.
Data Breaches - The number of breaches continues to rise as hackers become more sophisticated and our use of technology and online services makes more data a target.
Capital One - Largest Data Breach in 2019 - And the prize goes to..... Yup, over 100 million records breached in the Capital One attack. Another reminder that no company is too big to fail where hackers are concerned.
As always, here at ID Resolution we stand ready to assist you and to answer any questions you may have.
Call us at 877 308 9169