Identity fraud hits record number of Americans in 2016

Source: Herb Weisbaum, NBC News

Identity thieves, who commit financial fraud with stolen account information, had a banner year in 2016.  Despite widespread efforts to fight this crime wave, the crooks successfully netted two million more victims and stole $16 billion dollars, a nearly billion dollar year-to-year increase. And remember, we all pay for that loss in the form of higher prices and interest rates. 

Another alarming finding: The hijacking of mobile phone accounts nearly doubled from 2015.

Read Full Article: Identity fraud hits record number of Americans in 2016

 
 

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