Based on a survey of 5,023 U.S. adults, that total includes $27 billion lost to traditional identity fraud, which affected more people — 18 million — than in 2023 (when the number was 15 million and $23 billion was lost). Traditional identity fraud occurs when a criminal deceives an organization by obtaining and using someone else’s personal information, such as a Social Security number, home address, date of birth or bank account data, and uses it fraudulently.