40+ Alarming Identity Theft Statistics To Be Aware Of [2024]

May 3, 2024 0 Comments

How secure is your digital identity?

Out of 5.1 million financial theft reports FTC received in 2022, 1.1 million were identity theft claims.

Are you taking proactive measures to protect your identity?

45% of people who were educated about identity theft preventive measures used stronger passwords.

While 40% of people updated security. 

Ready to safeguard your identity in the digital age? 

Learn about identity fraud trends, data breaches, and identity protection services. 

Top Identity Theft Statistics: Editor’s Pick

About $4 billion is lost to cybercrime every year in the US
  1. 1 in 3 Americans experienced identity theft in 2022. [1]
  2. Out of 12,911 US victims, 8% suffered two identity theft incidents. [2]
  3. After bank fraud and loan fraud, credit card fraud was the #1 form of identity theft in 2022. [1]
  4. People aged between 30 to 39 years are the most common targets of identity theft. [3]
  5. While the least common victims (9,917) are people aged over 80, which is quite obvious. [3]
  6. According to FTC reports, Georgia was the #1 state for fraud and identity theft reports in 2022. [1]
  7. Georgia recorded 60,348 theft reports, 162,957 fraud reports, and $158.4 million total fraud losses. [1]
  8. The overall cost lost in the US from credit card theft reached $219 million in 2022. [1]
  9. As of January 2023, 30% of global adults encountered a phishing scam. [8]

General Identity Theft Statistics

Wondering how common is identity theft?

Out of 5.1 million financial theft reports FTC received in 2022, 1.1 million were identity theft claims. [1]

It is concerning to note that 1 in 3 Americans experienced identity theft in 2022. [1]

33% of Americans reported to have faced some form of identity theft at some point in their lives. [3]

Out of 12,911 US victims, 8% suffered two identity theft incidents. [2]

After bank fraud and loan fraud, credit card fraud was the #1 form of identity theft in 2022. [1]

Identity theft and personal data breaches together make over 100,000 cases per year. [4]

If we look at US cybercrime data with the number of victims, here are the top results.

RankCybercrimeUS Victims (2021)
1Phishing/Vishing/Smishing323,972
2Non-Payment/Non-Delivery82,478
3Personal Data Breach51,829
4Identity Theft51,629
5Extortion39,360
6Confidence/Romance Fraud24,299
7Tech Support23,903
8Investment20,561
Source: FBI
  • Phishing/vishing/smishing are the most common cyber crimes with about 323, 972 victims in 2021. [4]
  • Non-payment/non-delivery had about 82,478 victims.
  • Identity theft ranked 4th with 51, 829 victims

Identity Theft Statistics By Demographics

Who is an average identity theft victim?

People aged between 30 to 39 years are the most common targets of identity theft. [3]

While the least common victims (9,917) are people aged over 80, which is quite obvious. [3]

22, 833 consumers aged 19 or below are victims of identity theft. [3]

Identity theft by age group
Source: Identitytheft.org

Gen Xs and Baby Boomers were the most likely to report incidents of identity theft (both at 81%), compared to Gen Zs and Millennials, who reported 59% and 69% of cases, respectively. [5]

Identity Theft Statistics By US States

Where you live, highly affects your chances of getting victimized for identity theft.

According to FTC reports, Georgia was the #1 state for fraud and identity theft reports in 2022. [1]

Georgia recorded 60,348 theft reports, 162,957 fraud reports, and $158.4 million total fraud losses. [1]

Here is the list of identity theft case reports in various states of America in 2023.

StateReports per 100K peopleTotal number of reports
Connecticut38413,848
Massachusetts35124,540
Iowa1414,468
Nebraska1372,673
Maine1261,714
Wyoming106609
Minnesota1428,063
Vermont97620
Alaska114839
Michigan23523,621
North Dakota118913
Washington16512,582
Nevada40412,362
New Hampshire1381,892
Idaho1232,223
Kentucky1195,340
Oklahoma1536,032
Wisconsin1418,301
Arizona26218,539
Arkansas1695,071
Rhode Island2162,357
Hawaii1221,773
Utah1655,345
California304119,929
Indiana17611,870
Illinois30739,314
New Jersey28326,136
Texas350101,002
New Mexico1342,825
Maryland29818,327
Virginia22419,211
Pennsylvania31440,778
New York25651,484
Florida43893,547
South Carolina29414,931
Missouri1619,873
Georgia45748,606
North Carolina24325,142
Tennessee18512,709
Kansas1504,405
Delaware3593,523
West Virginia1101,977
Alabama24512,228
Mississippi2256,663
Louisiana27512,816
Source: The ascent

Cost of Identity Theft

About $4 billion is lost to cybercrime every year in the US. [4]

How much of it belongs to identity theft alone? 

  1. The overall cost lost in the US from credit card theft reached $219 million in 2022. [1]
  2. Identity theft cost $56 billion in 2020. [6]
  3. The total cost of identity theft reduced from $278 million in 2021 to $189 million in 2022. [4]
  4. Criminals have stolen more than $750 million from taxpayers through Covid stimulus scams since January 2020. [7]

Global Identity Theft Scenario

As of January 2023, 30% of global adults encountered a phishing scam

It is shocking to note that in a global poll conducted in 2023, 75% of Japanese  and New Zealand adults reported that they don’t know how to react to identity theft. [8]

Adults from Australia and France (74%) and Japan and New  Zealand (81%) reported that they were not aware of identity theft checks. [8]

As of 2023, 8.6 million UK citizens have used false/ stolen identity. [9]

Identity theft crimes have reported to be increasing in Europe with 682k cases in 2020.

How To Prevent Identity Theft?

In a survey conducted in 2022, people who were educated about identity theft prevention took the following measures. [10]

  • 45% of people used stronger passwords
  • 40% updated security
  • 58% worked better in spotting phishing messages

In the 2021 global survey of identity theft preventive measures, here is how respondents tackle the issue. 

Preventative MeasureShare of Respondents
Used online parental controls33%
Changed default privacy settings on the device29%
I have not done anything29%
Used and identity theft protection service (US only)27%
Disabled third-party cookies in a browser26%
Enabled multi-factor authentication26%
Used something other than the full name for social media22%
Used an encrypted email service or messaging app18%
Disabled microphone access on my device18%
Used a VPN to encrypt information16%
Deleted a social media account16%
Used anonymous payment methods15%
Used privacy monitoring service (US only)14%
Asked a company what personal information they have about me on their personal records8%
Source: NortonLifeLock

FAQs

Who is most vulnerable to identity theft?

People aged between 30 to 39 years are the most common targets of identity theft, while those aged over 80 are the least common victims.

Which states have the highest rates of identity theft?

Georgia ranked #1 for fraud and identity theft reports in 2022, followed by Florida, California, and Texas. Connecticut, Massachusetts, and Nevada are among the states with the highest number of identity theft reports per 100,000 people.

What is the financial impact of identity theft?

The overall cost of identity theft reduced from $278 million in 2021 to $189 million in 2022. Criminals have stolen more than $750 million from taxpayers through Covid stimulus scams since January 2020.

How can identity theft be prevented?

Common preventive measures include using stronger passwords, updating security, and being vigilant against phishing messages. Other preventive actions include enabling multi-factor authentication, using encrypted communication services, and utilizing identity theft protection services.

Conclusion 

Identity theft remains a pervasive threat in today’s digital age, with millions of individuals falling victim to various forms of fraud each year. The financial and emotional toll of identity theft is substantial, making it imperative for individuals to take proactive measures to safeguard their personal information.

By implementing robust security measures, staying informed about emerging threats, and utilizing identity theft protection services, individuals can mitigate the risk of falling victim to identity theft and safeguard their financial well-being and personal security.

Source

  1. FTC. Consumer sentinel network report
  2. ITRC. Trends in Identity Report
  3. Identity Theft.org. 2024 Identity Theft Facts and Statistics
  4. FBI. Internet crime report 2021
  5. National Cybersecurity Alliance. The Annual Cybersecurity Attitudes and Behaviors Report
  6. Javelin. Cyberbullying Pose Growing Cyber Risks for Children and Families
  7. Federal Trade Commission.  COVID-19 and Stimulus Reports
  8. Statista. Attitudes toward identity theft among adults in selected countries worldwide as of January 2023 
  9. GBG. Over eight million people in the UK using dishonest identities
  10. Cybsafe. The Annual Cybersecurity Attitudes and Behaviors Report 2022
  11. NortonLifeLock. Global report.pdf