In 2018, there were different forms of identity theft that happened. The report, in details brings out the type of identity theft, how it happened, number of affected individuals and those who reported the theft. From an estimate, about 23 million people from age 16 and older which is 9% of the USA population reported that in the last 12 months they had fallen victim of identity theft (Harrell,2021). The report reveals that $15.1 billion in cash was lost due to identity theft in 2018. Around 7% of the people who experienced credit card identity theft reported to the police while 88% resolved their cases by contacting the bank or credit card company directly. From the resort, more than55% of those who fell victims of identity theft reported the case in one day. Around 90 % of identity theft cases involved misuse of multiple or existing bank accounts, credit cards, online accounts and telephone. Around 51% of the identity theft victims had an income of $75,000 or more as a household.
Demographics of the victims reveal that there were similarities in men and women with each having 9% of the cases that occurred. A comparison between Whites, Blacks, Hispanic and Asian showed the whites falling victims with 10%, while Blacks, Hispanic and Asians had 7%,6% and 8% respectively. Victims of new account misuse and those who misused personal information experienced severe emotional distress than those with one type of an existing account. The data also showed that less than 1% experienced identity theft through government benefits, jobs and medical care
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The data for comparing the ways through which theft identity occurred were sourced from the Bureau of Justice Statistics, National Crime Victimization Survey, Identity Theft
Supplement, 2018.
Reference
Harrell, E. (2018). Victims of Identity Theft, 2018 , 1-30. https://doi.org/10.1002/9781119201915.app1
