Alarming number of consumers impacted by identity theft, application fraud and account takeover

A new report, developed by Aite Group, and underwritten by GIACT, uncovers the striking pervasiveness of identity theft perpetrated against U.S. consumers and tracks shifts in banking behaviors adopted as a result of the pandemic. According to the report, from 2019 to 2020, 47% of U.S. consumers surveyed experienced identity theft; 37% experienced application fraud (i.e., the unauthorized use of one’s identity to apply for an account)., and 38% of consumers experienced account takeover over … appeared first on Help Net Security.