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And in the last ten years, the number of identity theft situations reported to the FTC has increased by 300%, according to data from the National Council on Identity Theft Protection.
There are a few different ways you can become a victim of identity theft. In my case, someone stole my wallet out of my purse and was able to obtain the rest of my information online.
Identity Crisis. Identity theft has become common in the United States. The Federal Trade Commission got 1.4 million reports of it last year as the pandemic worsened the trend.Incidents in 2019 ...
The largest study on child identity theft, as reported by Richard Power of the Carnegie Mellon Cylab with data supplied by AllClear ID, found that of 40,000 children, 10.2% were victims of identity theft. [21] The Federal Trade Commission (FTC) estimates that about nine million people will be victims of identity theft in the United States per ...
In 2012, identity theft was blamed for $4 billion of fraudulent tax refunds by the Internal Revenue Service (IRS) [8] and 770,000 taxpayers have been the victims of tax identity theft by 2013. [9] A public-private initiative by the IRS and employers in 2016 resulted in a 50% drop in incidents of taxpayer identity theft reports. [10]
Identity theft is the unauthorized use of another's personal or financial information to defraud an individual or entity into obtaining goods or services. The term 'personal or financial information,' typically refers to a person's name, address, credit card, bank account number, Social Security number, or medical insurance account number.