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More victims are reporting losses at the extremes: 31% of general consumers said they lost less than $500 while 23% of Identity Theft Resource Center victims reported the same and 12% of general ...
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.
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]
A study from Javelin Strategy conducted in 2021 revealed that one in 50 U.S. children are victimized by identity theft every year, while 73% of those victims are targeted by a person they know.
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 ...
The Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA, Pub. L. 108–159 (text)) is a U.S. federal law, passed by the United States Congress on November 22, 2003, [1] and signed by President George W. Bush on December 4, 2003, [2] as an amendment to the Fair Credit Reporting Act.
About 915,000 U.S. children were victims of identity fraud in the previous year, according to the Javelin Strategy & Research’s 2022 Child Identity Fraud Study.
Overall, Washington state had 6,125 identity theft reports during the first six months of 2022, or about 82 reports per 100,000 residents. Nationwide there were 603,591 reports, according to the ...