*This list is regularly updated with the latest identity theft statistics for 2019 – 2020 (plus a few earlier stats thrown in). To date, we have compiled over 30 identity theft facts, figures and trends from a wide range of sources and covering a number of different countries.
As the world continues its relentless march toward all things digital, the reams of data we’re uploading to the web are increasingly exposed. Each individual consumer’s personal information now resides on hundreds, if not thousands of servers across the globe. With that fact comes a somewhat obvious result: An increase in identity theft.
Data theft is big business, although there was some good news in 2019. The number of identity fraud incidents fell for the second year in a row, from 6.6% of consumers in 2016 to 5.7% in 2018, then down to 5.1% in 2019.
Additionally, Javelin Strategy found that children are increasingly the victims of identity fraud. While children have long been a target for Social Security Number misuse and credit card fraud, it appears the impact is growing. The security firm found that over 1 million children were ID theft victims in 2017.
Identity theft statistics have taken center stage among the many stats and facts encompassing the entire realm of cybercrime. While ransomware gains more attention, identity theft remains much easier to pull off and monetize. Social security numbers, credit card numbers, and other personal identity factors can be stolen and sold on the dark web, or used by criminals for quick and easy profit gain.
The following identity theft statistics are categorized to help get a better feel for how and why this threat continues to be a problem for consumers, businesses, and governments worldwide.
Related: Cyber security statistics
1. There were over 9,600 reported data breaches in the US between 2008 and 2019, which help contribute to identity fraud
Alongside the 9,600 reported data breaches in the US between 2008 and 2019, there were over 10 billion records stolen during that time frame. The numbers reveal that contrary to efforts to stem the tide of data theft, thieves are learning new ways to bypass protections. Consumers now face an increased risk of data theft.
2. Number of fraud incidents down in 2019
The total number of new fraud incidents fell between 2019 and 2020. Just 5.1% of consumers reported being victims of fraud, compared to 5.7% of consumers reporting as such in 2018. There were 13 million fraud incidents in 2019, compared to 14.4 million in 2018.
3. Fraud losses up 13% between 2019 and 2020
Even as the overall number of fraud incidents fell between 2018 and 2019, the total amount of money lost to identity fraud was on the rise. Fraud losses in 2019 hit $16.9 billion last year.
4. Consumers hit with $3.5 billion in losses due to fraud
Cybercriminals continued hitting consumers hard in 2019, resulting in $3.5 billion in losses related to fraud recovery.
5. Account takeovers up 72 percent
Account takeovers can occur when a criminal gains access to someone’s accounts holding personal information. Account takeovers were up 72 percent in 2019 over the previous year.
6. 40% of account takeovers happened in just one day
Javelin Research found that fraudsters are fast in their efforts to take over accounts. The company’s 2020 research on identity fraud reports that 40% of takeovers happen within 24 hours of a criminal’s access to a victim’s account.
7. The overall decline in fraud events is likely due to EMV chip credit cards
The decreasing number of fraud events is highly evident of the impact of EMV chip-based credit cards, which cannot be copied by card skimmers. EMV chip adoption in the US was slow, but by 2018, over 60% of merchants had POS systems in place to accept the chips, while every major card issuer had already switched to delivering cards with EMV chips.
Prior to EMV chip cards, credit card fraud was the single-largest source of identity fraud losses. However, counterfeit card fraud fell 75% after EMV card rollouts.
On a contrary note, FICO predicted that the EMV switchover in the U.S. was likely to lead to a 300% increase in credit card application fraud as criminals attempt to bypass the chip system.
8. Stolen credit card data is often sold on dark web marketplaces for as little as $0.50 per card
Although the cost of losing credit card information can be extensive, those selling that data on the dark web often do so at incredibly low prices. Symantec found single credit cards priced as low as $0.50, and some as high as $20 each. Cards with full details, including CCV numbers, were more commonly twice as expensive, and often run between $1 and $45 per card.
Data from skimmed magnetic is often the most expensive card data on the dark web. The asking price for those can range from $5 to $60 or more.
9. Most people in the US know someone an ID theft victim
Around 10% of Americans have been a victim of identity fraud, 21% of whom have been victimized more than once. Those numbers indicate that if you live in the US, you have likely been a victim of ID theft or known someone who has (whether they’ve admitted to it or not).
10. UK identity theft reaching “epidemic levels”
Cifas announced that identity fraud in the UK is reaching “epidemic levels” with fraud incidents occurring at a rate of 500 per day.
10. Account takeovers decreased between 2017 and 2018
Losses associated with account takeovers decreased from $5.1 billion down to $4 billion by the end of 2018.
11. An average of 4,800 websites are compromised with formjacking code each month
In its 2019 Internet Security Threat Report, Symantec noted that it detected and blocked 3.7 million formjacking attempts in 2018.
12. In 2018, mobile account takeovers increased dramatically
Javelin Strategy found that there were 679,000 mobile account takeovers, versus 380,000 in 2017
13. Millennials accounted for 43% of US identity fraud reports
According to the FTC, there were over 650,000 fraud reports in 2019. While just 87% of those reports included consumer age data, over 281,000 reports were related to accounts owned by Millennials. In fact, more Millennials’ accounts were related to identity fraud than Gen X, Boomers, and the Silent Generation (those born between 1925 and 1945).
Equifax also confirmed that Millennials were prime targets for fraudsters. According to Equifax Canada, nearly half of all suspected fraud applications are for those between the ages of 18 and 34.
14. Identity scams were the most commonly reported scam in the US in 2019, followed closely by imposter scams
The 2019 FTC Consumer Sentinel Data Book reveals that identity fraud accounted for the largest share of fraud reports to the FTC, accounting for 20.33% of all reported scams last year. Imposter scams were a close second, with 20.31% of all scam reports fitting into one of the five types of imposter subcategories the FTC monitors.
The FTC also reports a 46% year-over-year increase in identity thefts from 2018 to 2019. There were over 650,000 reported ID theft incidents in 2019, versus 444,000+ in 2018.
15. Social media users are a high-risk group for ID theft
Those who use social media are among the most likely to experience fraud. Javelin Strategy found that individuals who have an active social media presence had a 30 percent higher risk of being a fraud victim than those who weren’t active.
People who use Facebook, Instagram, and Snapchat were particularly vulnerable. Users on these sites have a 46 percent higher risk of account takeovers and fraud than those not active on any social media networks.
16. Millennials are most likely to be identity theft victims
FTC data shows those aged 30-39 are most likely to be identity theft victims. That age group, which compromises some (but not all) Millennials, reported over 170,000 instances of ID theft in 2019. Individuals who fall within Gen X, aged 40-49, were the second most likely to have reported ID thefts, with over 120,000 incidents.
17. Children are often victims of identity fraud
According to the Identity Theft Resource Center, 1.3 million children’s records are stolen every year. Foster children have an even greater risk as a percentage of all children.
Self-reported data to the FTC indicates that over 14,000 identity theft victims were under the age of 19 in 2019. These are similar numbers to what was reported in previous years.
18. Over 1 in 10 ID theft victims don’t want police reports
FTC data from 2016 shows a surprising 13% of those who reported identity theft to law enforcement did not want a police report taken.
19. Only 25% of consumers use VPNs to protect their identity
Despite the verified increase in data protection it provides, 75 percent of consumers fail to use a VPN to protect their WiFi connections.
20. Credit card fraud leading type of identity theft
The 2019 Consumer Sentinel Network Data Book reveals there were 271,823 reports of credit card fraud that year. That makes credit card fraud the top reported type of ID fraud in 2019. “Other identity theft” accounted for over 215,000 reports, while there were 104,699 loan or lease fraud reports.
21. 87% of consumers have left personal information exposed online
Symantec found that 87 percent of consumers have left their personal information exposed while accessing emails, bank accounts or financial information, another issue that could be mitigated through the use of a VPN.
The lack of personal WiFi protections appears to coincide with the fact that 60% of consumers feel as though their personal information is safe when using public WiFi.
22. Identify theft now accounts for over 20% of all FTC CSN reports
Although the total number of reports made to the Consumer Sentinel Network didn’t rise remarkably between 2017 and 2019, ID theft did rise as a percentage of total reports. In 2019, ID theft had risen to 20.33% of the total number of reports, or over 650,000. Imposter scams were a close second at 20.23% of all reports
23. Most small businesses store private information that could be exposed
According to a CSID survey, 52% of small businesses don’t invest in cyber risk mitigation, believing that they don’t store any private information. However, 68% at a minimum store email address, which is one potential entry vector for hackers.
CSID also found that 31% of surveyed small businesses are not taking any active measures to mitigate cyber risks such as data breaches and hacking.
Complicating the matter is money and human resources. Nearly 75% of businesses claim they don’t have the personnel to properly secure their records and systems. Around 55% indicate they lack the budget to invest in better protection.
24. Most fraud losses are less than $100, but fraud losses are growing
The FTC reports that most reported fraud losses were under $100. In 2019, over 107,000 reports were for losses of $100 or less. In 2017, over 40,000 reports indicated loss amounts in that rage.
An Experian survey discovered that half of all American adults believe that identity thieves are not interested in people with poor credit. Consequently, people with poor credit are still at risk for fraud and fraud losses.
25. Many fraud victims don’t get reimbursed for their losses
An increasing number of fraud victims are not getting reimbursed. Javelin found 23 percent of fraud victims did not get their money back in 2018, which is 3 times more than in 2016.
26. Poor shopping habits leave Americans exposed to ID theft
Experian found 43% of surveyed adults in the U.S. admit to shopping online over public WiFi.
27. Account sharing habits could lead to ID theft
Despite the risks involved, a survey found 79% of Americans admit to sharing passwords. Only 13% of survey respondents were worried about identity fraud, despite the risk. Given 81% of surveyed US adults admit to reusing passwords across sites, many adults could be more vulnerable to ID theft than they realize.
The Australia Payments Network reports that all while spending on payment cards is up, card fraud is down. Its FY 2019 report indicates counterfeit/skimming fraud fell by 19.2%, lost and stolen card fraud fell by 16.1%, and card-not-present fraud (CNP) fell by 5%.
29. Identity theft has lasting emotional impacts
In its 2018 study The Aftermath®: The Non-Economic Impacts of Identity Theft, the Identity Theft Resource Center examined the emotional impacts that follow from identity theft victimhood. The study found 77.3% of victims report increased stress levels and 54.5% experienced more fatigue and decreased energy.
ID theft victimhood can also erode personal relationships. Over 45% of victims felt they could not trust family members after experiencing ID theft. A further 55% noted newly-developed trust issues with friends.
30. New account fraud losses exceed $3.4 billion
31. Federal student loan fraud identity theft largest increase in 2019
Although there were just over 14,600 reports related to it, FTC Consumer Sentinel Report data shows identity theft based on fraudulent applications for federal student loans rose 188% between 2018 and 2019.
Identity theft statistics reveal the problem is not going away
Identity theft is increasingly a 21st-century problem. As more data moves off of physical paper and onto Internet-connected servers, the chances of that data getting stolen increases as well. While “malicious outsiders” remain active in stealing data (and by extension, loss of credit card numbers and Social Security Numbers), consumers share a good part of the blame for their lost data. Nevertheless, there are some positives that have emerged in response.
Thankfully, Consumers are getting slightly better at detecting fraud attempts. Javelin Strategy and Research found that online shoppers tended to be quick at identifying fraud attempts. Surprisingly, 78 percent of fraud victims were able to detect fraud within a week’s time.
Still, identity theft prevention appears to be on the rise despite savvier consumers. Data breaches show no signs of decreasing. And unfortunately, consumers still appear to be less than proactive when it comes to securing their private information.
- 1 1. There were over 9,600 reported data breaches in the US between 2008 and 2019, which help contribute to identity fraud
- 2 2. Number of fraud incidents down in 2019
- 3 3. Fraud losses up 13% between 2019 and 2020
- 4 4. Consumers hit with $3.5 billion in losses due to fraud
- 5 5. Account takeovers up 72 percent
- 6 6. 40% of account takeovers happened in just one day
- 7 7. The overall decline in fraud events is likely due to EMV chip credit cards
- 8 8. Stolen credit card data is often sold on dark web marketplaces for as little as $0.50 per card
- 9 9. Most people in the US know someone an ID theft victim
- 10 10. UK identity theft reaching “epidemic levels”
- 11 10. Account takeovers decreased between 2017 and 2018
- 12 11. An average of 4,800 websites are compromised with formjacking code each month
- 13 12. In 2018, mobile account takeovers increased dramatically
- 14 13. Millennials accounted for 43% of US identity fraud reports
- 15 14. Identity scams were the most commonly reported scam in the US in 2019, followed closely by imposter scams
- 16 15. Social media users are a high-risk group for ID theft
- 17 16. Millennials are most likely to be identity theft victims
- 18 17. Children are often victims of identity fraud
- 19 18. Over 1 in 10 ID theft victims don’t want police reports
- 20 19. Only 25% of consumers use VPNs to protect their identity
- 21 20. Credit card fraud leading type of identity theft
- 22 21. 87% of consumers have left personal information exposed online
- 23 22. Identify theft now accounts for over 20% of all FTC CSN reports
- 24 23. Most small businesses store private information that could be exposed
- 25 24. Most fraud losses are less than $100, but fraud losses are growing
- 26 25. Many fraud victims don’t get reimbursed for their losses
- 27 26. Poor shopping habits leave Americans exposed to ID theft
- 28 27. Account sharing habits could lead to ID theft
- 29 28. Card-related fraud is down in Australia
- 30 29. Identity theft has lasting emotional impacts
- 31 30. New account fraud losses exceed $3.4 billion
- 32 31. Federal student loan fraud identity theft largest increase in 2019
- 33 Identity theft statistics reveal the problem is not going away