The number of identity theft reports has doubled during 2020 when compared to 2019, reaching a record 1.4 million reports within a single year. Cybercriminals have continuously targeted government funds reserved for people finding themselves in financial trouble due to the ongoing COVID-19 pandemic. The FTC received 394,280 reports regarding government benefits fraud attempts, the vast majority of them describing unemployment benefit identity theft fraud. The IRS announced in November 2020 that sensitive information will be masked on all business tax transcripts starting December to protect companies from identity theft.
Source: https://www.bleepingcomputer.com/news/security/us-govt-number-of-identity-theft-reports-doubled-last-year/