By Paul Wagenseil 07 December 2020. The identity theft protection market size is expected to reach $2.3 billion by the end of 2020. It’s a fact that billions of personal records are exposed annually. In 2018, identity theft accounted for 14.85% of over 3 million reported frauds to the Federal Trade Commission. These are the best identity theft protection services based on our three months of active usage and testing. Identity Theft Resource Center Sees Data Compromises Drop 33 Percent in First Half of 2020 In 2019, the Identity theft Resource Center (ITRC) saw a 17 percent increase in data breaches compared to 2018. Complete ID … In 2019, the Federal Trade Commission (FTC) processed 650,672 identity theft reports which accounted for 20.3% of all fraud reports (1st highest fraud report category). SAN JOSE, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) -- More than half of organizations (52%) consider phishing attacks or ID and credential theft as the top concern in Q3 2020… SAS, the leader in data analytics, offers the following step-by-step advisory on how identity theft and fraud develop and prosper. Based on our research, the pricing for identity theft protection services can be anywhere from $8.99 to $39.95 per month, depending on the plan. Child identity theft “2020 will be another big year for child ID theft,” says Siciliano. Identity (ID) theft happens when someone steals your personal information to commit fraud. (Fool) What’s more, this number shows a considerable increase from last year’s figures (444,358). 6. See related: How to report and protect yourself from credit card fraud and identity theft. Credit card frauds accounted for over 167,000 of these reports. The best identity theft protection services in 2020. First, there is a data breach. "2019 End-of-Year Data Breach Report." Being a victim of identity theft is a pain but there definitely steps you can take to correct any errors on your credit report and get your credit back. The Number Of Cases Of Identity Theft In 2020 Is Alarming: Here's How To Avoid Becoming A Victim Keep your identity safe from scammers with these precautionary measures. The identity thief may use your information to apply for credit, file taxes, or get medical services. These acts can damage your credit status, and cost you time and money to restore your good name. That is up from 444,602 in 2019, 371,034 in 2017 and 398,952 in 2016. This continued in 2019, as credit card fraud has been the most rapidly climbing identity theft claim for … Total identity fraud reached $16.9 billion (USD) … Identity Theft Resource Center (2020). Marchini, Kyle and Al Pascual (2019). 650,572 identity theft cases were reported in 2019 in the US. The results of Javelin’s 2020 Identity Fraud Survey serve as a wake-up call—one that will force financial institutions, businesses, and the payment industry to reevaluate how identity fraud is managed. A recent RiskIQ study in the United States found that more than 16,000 records per minute were compromised in 2020. General Identity Theft Statistics 1. Javelin Strategy. " By Jan Cortes

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