Identity theft by the numbers
If these numbers tell us anything, it’s that identity proofing yourself is more important than ever before. The most recent report from Javelin Strategy & Research shows that identity theft keeps growing at a record pace, and it’s not going away anytime soon.
Fortunately, there is some good news to all this, but let’s get the bad news out of the way first.
The harsh reality of identity theft
Someone’s identity is stolen every 2 seconds. More than 15 million people in the United States had their identities stolen and used against them in 2016. That’s a new record for stolen identities.
The biggest increase in identity theft was online fraud, specifically card not present fraud which rose 40%. CNP fraud is when a thief doesn’t have your physical credit card, but they have the card’s information, which they use to make a variety of online purchases.
States with the highest identity theft cases in 2016
- Missouri – 364.3 people had their identities stolen (per 100,000 people)
- Connecticut – 225
- Florida – 217.4
- Maryland – 183.2
- Illinois – 158.7
- Michigan – 158.1
- Georgia – 149.1
- Texas – 144.3
- New Hampshire – 142
- California 141.3
The good news
It might seem like there’s no positives to gain from these numbers, but people and companies alike are finally starting to get serious about their identities, and they’re starting to use security solutions that implement fingerprinting services and other tools that combat identity fraud.