Identity Fraud Losses Total $52 Billion in 2021, Impacting

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SAN FRANCISCO, March 29, 2022 (GLOBE NEWSWIRE) — A new study shows that traditional identity fraud losses, caused by criminals illegally using victims’ information to steal money, exploded in 2021 to $24 billion (USD)—an alarming 79% increase over 2020. Further, the number of adults in the United States impacted by traditional identity fraud grew more than 50%, reaching more than 15 million victims.

These findings are from The Virtual Battleground, the 2022 edition of Javelin Strategy & Research’s annual identity fraud study. Javelin, part of the Escalent family, helps its clients make informed decisions in a digital financial world. The study’s Platinum sponsors include AARP, Equifax, FIS and Iris Powered by Generali (“Iris”). Silver sponsors of the report include BioCatch and Neustar, joined by Bronze sponsors Experian and TransUnion.

The study also found that losses from identity fraud scams, in which a fraud…

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