![]() ![]() “They're getting more sophisticated faster than we can respond - and that's the big problem.” They have all the data they need to commit fraud and they know exactly how to use it,” Pascual told NBC News. Javelin Strategy & ResearchĪl Pascual, Javelin’s research director and head of fraud and security, expects 2018 to be another record year for identity fraud because thieves have adapted to new security measures. ![]() The Equifax breach was largely responsible for that.įraud victims and losses continue three-year rise. For the first time ever, data breaches compromised more Social Security numbers (35 percent) than credit card numbers (30 percent).They’re shopping online with stolen credit card numbers, draining money from bank accounts, taking control of mobile phone accounts, even stealing loyalty rewards points. The fraudsters successfully stole $16.8 billion in 2017, the highest amount in four years. ![]() An estimated 16.7 million Americans were victimized last year, a jump of eight percent from 2016 or 1.3 million more victims. Identity fraud hit another record high in 2017. ![]()
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