These acts can damage your credit status, and cost you time and money to restore your good name. First, there is a data breach. In 2018, identity theft accounted for 14.85% of over 3 million reported frauds to the Federal Trade Commission. 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… Credit card frauds accounted for over 167,000 of these reports. 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. 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). "2019 End-of-Year Data Breach Report." 6. These are the best identity theft protection services based on our three months of active usage and testing. A recent RiskIQ study in the United States found that more than 16,000 records per minute were compromised in 2020. The best identity theft protection services in 2020. 650,572 identity theft cases were reported in 2019 in the US. General Identity Theft Statistics 1. 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 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. SAS, the leader in data analytics, offers the following step-by-step advisory on how identity theft and fraud develop and prosper. Total identity fraud reached $16.9 billion (USD) … Identity Theft Resource Center (2020). This continued in 2019, as credit card fraud has been the most rapidly climbing identity theft claim for … Child identity theft “2020 will be another big year for child ID theft,” says Siciliano. The identity theft protection market size is expected to reach $2.3 billion by the end of 2020. (Fool) What’s more, this number shows a considerable increase from last year’s figures (444,358). Complete ID … 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. It’s a fact that billions of personal records are exposed annually. By Jan Cortes Javelin Strategy. " See related: How to report and protect yourself from credit card fraud and identity theft. 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. 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