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The Identity Theft Resource Center said there were 662 data breaches in the United States in 2010, almost a 33% increase from the previous year. [19] Between January, 2015 and September, 2017, the Identity Theft Resource Center estimates that there were 7,920 breaches affecting more than one billion records that could lead to identity theft. [18]
The term identity theft was coined in 1964. [1] Since that time, the definition of identity theft has been legally defined throughout both the U.K. and the U.S. as the theft of personally identifiable information. Identity theft deliberately uses someone else's identity as a method to gain financial advantages or obtain credit and other benefits.
Private records of 147.9 million Americans along with 15.2 million British citizens and about 19,000 Canadian citizens were compromised in the breach, making it one of the largest cybercrimes related to identity theft. Equifax discovered the breach end of July, but did not disclose it to the public until September 2017.
Nearly 24 million people were victims of identity theft in 2021, according to the Bureau of Justice Statistics. As of Wednesday, there were more than 121,000 FEMA registrations in connection with ...
Hacks that expose the personal financial information of Americans soared to a record high of 3,205 in 2023, according to the nonprofit Identity Theft Resource Center. That total includes breaches ...
Victims of identity theft see an average direct loss of $1,100, per CNBC, though some cases may see numbers much higher than that. The financial impact isn’t the only cost of this crime , though.
The list includes those involving the theft or compromise of 30,000 or more records, although many smaller breaches occur continually. Breaches of large organizations where the number of records is still unknown are also listed. In addition, the various methods used in the breaches are listed, with hacking being the most common.
The Federal Trade Commission (FTC) has now received more than a million reports of ID theft for the fourth consecutive year, and the levels are about 60% higher than before the pandemic.