Identity fraud resulting from scam losses hit $23 billion (about $71 per person in the US) in total annual cost in 2022, according to the just-released 2023 Javelin Strategy & Research Identity Fraud Study. At the same time, “traditional identity fraud losses decreased by nearly 15%” from the 2022 report, a positive trend Javelin credits to “the steady efforts of the financial services industry to keep criminals at bay.”
Featured at top of news page
Off