Imagine checking your credit report only to find an unfamiliar account. There’s a new credit card in your name, full of purchases you never made. You may be the victim of identity theft. Cases have been on the rise.
There were more than 1.4 million identity theft reports in 2021, according to the Federal Trade Commission (FTC) Consumer Sentinel Network Data Book. That’s a 3% increase compared to 2020 and a 414% increase compared to 2011.