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New identity theft study says the U.S. has moved from pandemic to scamdemic

Consumer Affairs

In its latest trend report, the Identity Theft Resource Center (ITRC) says that for victims of identity crimes and compromises, fraud and scams have reached levels that haven’t been seen in the last 20 years.

The ITRC said the biggest increases in the last year shook out like this:

  • Reports from victims of non-financial account takeover (235% increase over 2020)

  • Social media account takeover (1,044% increase over 2020)

  • Identity misuse involving government credentials or accounts (154% increase from 2019-2020 and 7% increase from 2020 to 2021)

When it comes to the targets identity thieves are looking for, the three largest are public agency information such as unemployment, SBA/PPP Loan, IRS info; financial info like checking/savings accounts, credit cards; and, thirdly, medical accounts.


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