Friday, October 09, 2015

7% Victims of Identity Theft in 2014

Nearly 18 million Americans aged 16 or older were victims of identity theft in 2014, according to the Bureau of Justice Statistics—7.0 percent of the population aged 16 or older and similar to the 6.7 percent who reported being victimized in 2012. Sixty-five percent of identity theft victims in 2014 experienced a financial loss, with a median loss of $300.

Identity theft is defined as the misuse of an existing account such as a credit card or online account (86 percent of incidents in 2014), the unauthorized use of personal information to open a new account (4 percent), or the misuse of personal information for fraudulent purposes such as getting medical care, housing, a job, or other benefits (3 percent). The remaining incidents involved multiple types of theft.

Only 8 percent of identity theft victims reported the incident to the police, but 87 percent reported the incident to a credit card company or bank.

Source: Bureau of Justice Statistics, Victims of Identity Theft, 2014

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