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Complete Story
03/25/2025
Identity Fraud and Scams Cost Americans $47 Billion in 2024
AARP
American adults lost $47 billion to identity fraud and scams in 2024, an increase of $4 billion over 2023, according to a new report produced by Javelin Strategy & Research and cosponsored by AARP.
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.
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