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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.
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.
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.
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 ...
A former Colgate-Palmolive employee was shocked to discover $750,000 had been drained from her 401(k) account. "CyberGuy" offers tips on how to prevent identity theft.
[4] Keeping the focus not only on national security but also on threats to citizens of the United States, the FBI has long been focused on identity theft, which is a growing concern for American citizens. Since fiscal year 2008 through the middle of fiscal year 2013, the number of identity theft related crimes investigated by the Bureau across ...
Identity theft has become common in the United States. The Federal Trade Commission got 1.4 million reports of it last year as the pandemic worsened the trend.Incidents in 2019 were half the ...