New Javelin Study: ID Fraud Hits Record Highs; 2009 Stats: 11.1 million victims, $54 billion lost. Fraudsters are using personal information stolen in data breaches to open new accounts or make changes to existing non-card accounts. Organizations are fighting back by eliminating the use of Social Security numbers in account information. Despite the number of victims going up, the average amount taken in each fraud incident has gone down. The average amount of time it takes for the fraud to be resolved is also down.”]
Source: https://www.govinfosecurity.com/new-javelin-study-id-fraud-hits-record-highs-a-2186