Earlier this year the Javelin Strategy & Research group released the findings of their study on Identity Fraud in the US. While some of their findings were to be expected, other areas came as a bit of a surprise. When making efforts to fight fraud, it is vital to call upon this information to see where the problem lies in order to take protective measures.

Revealing Figures on Identity Fraud

According to the study, almost 13 million people were the victims of identity fraud in 2014 and a total of $16 billion was stolen as a result. Every two seconds another consumer falls victim to identity fraud and the odd bit of information coming out is that the largest group vulnerable to fraud is students. The majority of this money was then used to buy designer trinkets like Chanel bags and Hugo Boss watches, either because the criminals operate …