Security Alerts & News
by Tymoteusz A. Góral

History
#1946 Identity theft, credit card fraud cost US consumers $16 billion in 2016
Instances of identity theft and credit card fraud climbed to record levels last year, according to a new study from research firm Javelin Strategy & Research.

The study found that the number of identify fraud cases rose 16 percent in 2016, costing victims a record-setting $16 billion in loses. The firm estimates that around 15.4 million US consumers were affected by fraud -- nearly 2 million more than in 2015.
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