U.S. Identity Theft: The Stark Reality

Identity theft accelerated from 2019 to 2020 as banking consumers shifted rapidly to digital channels. This type of fraud takes on many forms and is often misunderstood. Identity theft covers a wide range of activities, including unauthorized credit card transactions, having PII used to open a new account, file taxes, obtain a mobile phone, or take over a legitimate user’s account. 

Aite Group’s U.S. Identity Theft: The Stark Reality is based on online surveys from 8,653 U.S. consumers. Download the report to learn more about identity theft, including: 

  • How losses related to identity theft increased by 42% from 2019 to 2020 due to the COVID-19 pandemic;
  • How 47% of U.S. consumers experienced financial identity theft, including ATO and application fraud in the past two years;
  • That identity theft is on track to cost U.S. businesses $635.4 billion by 2023. 

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