In a household survey conducted by the Bureau of Justice Statistics, 16.6 million people in the United States fell victim to identity theft in 2012, or 1 out of every 14 people over the age of 16 in the United States.
The financial losses from identity theft resulted in $24.7 Billion. In comparison, the total financial losses from household burglary, motor vehicle theft, and property theft total $14 Billion.
Two thirds of id theft victims was impacted with financial losses. The average amount of money that each id theft victim faced was $1,769.
Roughly 7.7 million people reported that fraudulent use of a credit card. 7.5 million people were victimized though the fraudulent use of a bank account, such as a debit card, checking account or savings account.
Source: Associated Press, “Gov’t: 1 in 14 Fell Prey to Identity Theft in 2012,” ABC News, December 12, 2013.
Source: Erin Fuchs, “Identity Theft Now Costs Far More Than All Other Property Crimes COMBINED,” Business Insider, December 12, 2013.