Identity Fraud Study: How Much did Consumers Lose in 2017?

According to the 2018 Identity Fraud Study by Javelin Strategy & Research, how much did consumers lose to identity fraud in 2017? According to the 2018 Identity Fraud Study conducted by Javelin Strategy & Research, consumers lost a total of $1.7 billion to identity fraud in the year 2017. The best alternative answer is d. $1.7 billion.

The Impact of Identity Fraud on Consumers

Identity fraud is a serious issue that poses significant risks to consumers and organizations alike. In the year 2017, consumers fell victim to identity fraud which resulted in substantial financial losses. The findings of the 2018 Identity Fraud Study by Javelin Strategy & Research shed light on the magnitude of this problem.

The Rise of Identity Fraud

The study revealed that consumers lost a staggering $1.7 billion to identity fraud in 2017, marking a substantial increase from previous years. This rise can be attributed to various factors, including the prevalence of data breaches and the sophisticated techniques employed by fraudsters in stealing personal information.

Protecting Against Identity Fraud

It is crucial for consumers to take proactive measures to safeguard their personal information and financial assets from falling victim to identity fraud. By staying vigilant, monitoring account activities regularly, and implementing strong security measures, individuals can reduce their risk of being targeted by fraudsters.

Conclusion

In conclusion, the 2018 Identity Fraud Study highlights the significant impact of identity fraud on consumers, emphasizing the importance of taking necessary precautions to mitigate the risks associated with this pervasive threat. By staying informed and adopting proactive strategies, individuals can better protect themselves against identity fraud.

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