Data Breaches Responsible For Only 6% of identity fraud

Public notifications of breaches reached into the tens of millions last year, but identity fraud only increased four percent. The large number of data breaches and the publicity they have received has created the incorrect assumption that fraud resulting from data breaches is prevalent. The Javelin report indicates that the known leading causes of ID fraud are lost or stolen wallets, checkbooks and credit cards, which account for 30 percent of ID fraud. Other known leading causes include information stolen by friends, acquaintances, relatives or corrupt employees. Data breaches were responsible for only 6% of all known cases of identity fraud in both new and existing accounts.

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