Think about checking your checking account and discovering it empty, or seeing social media posts you by no means wrote.
This scary state of affairs is actual. It’s referred to as id theft, and it is getting worse every year. Criminals preserve discovering extra modern methods to steal your private info, usually utilizing new methods like pretend movies (deepfakes) or tough emails.
Id risk detection software program helps combat in opposition to this rising risk. These instruments can spot threats early and defend you earlier than any actual hurt occurs.
That will help you keep secure, I’ve collected some crucial id theft statistics displaying simply how superior these scams have turn out to be.
Id theft statistics at a look
Right here’s an outline of all of the statistics we cowl on this article.
| Perception | Key statistic | Particulars |
| Price of cybercrime | Anticipated to rise to $10.5 trillion yearly in 2025. | AI is driving this rise in id theft with deepfakes and complicated phishing assaults. |
| Artificial id fraud | Can account for as much as $23 billion in losses within the U.S. alone by 2030. | The price of creating hyper-realistic artificial identities is changing into cheaper. |
| Doc fraud | 40.8% of doc frauds goal nationwide ID playing cards. | Most paperwork are flagged both for visible authenticity or information validation points. |
| Id fraud timing | Spike between 3 a.m. and 6 a.m. UTC. | Fraudsters make the most of enterprise downtime. |
| Put up-quantum period | 61% of IT safety professionals are making ready for the post-quantum period. | Their organizations are transitioning into post-quantum cryptography (PQC) requirements over the subsequent 5 years. |
| Deepfakes | 46% of companies reported a rise in deepfakes and generative AI scams. | Specialists counsel on the lookout for queues in language and context for deepfake identification. |
| Account takeover scams | Elevated by 250% in 2024. | Malicious hackers are more and more taking management of victims’ social and e-commerce accounts. |
| Office-related fraud | 32.52% of scams contain worker impersonation. | Attackers are more and more focusing on private information for unauthorized entry. |
| Id frauds’ main goal | Gaming trade is the first goal of those assaults. | Sector-wise, monetary establishments have been a big goal. |
| Subtle Impersonation | 1 in 20 id verification makes an attempt in 2024 concerned impersonation. | Impersonation has turn out to be the commonest kind of id fraud |
High 10 stats on id theft in 2025
Under are some statistics and insights on id theft that showcase simply how far id theft has come. These aren’t simply numbers to gloss over; they mirror actual threats with actual penalties.
1. The price of cybercrime is predicted to rise to $10.5 trillion yearly by 2025.
That’s up from $3 trillion in 2015. If annual cybercrime have been a rustic, it could have the third-largest gross home product (GDP) on the planet, proper behind the U.S. and China.
Many behind the losses are id thieves who use victims’ private info to steal advantages like Supplemental Vitamin Help Program (SNAP) help, small enterprise loans, and different assets.
AI is driving this rise in id theft, with deepfakes and complicated phishing assaults powered by generative AI. World Financial Discussion board highlights the surge in fraud within the U.S. throughout the pandemic, pushed by the elevated digitization of presidency companies. Between 2018 and 2022, annual federal losses because of fraud ranged from $233 billion to $521 billion.
Entrust reviews deepfakes now account for 40% of biometric frauds.
2. Artificial id fraud may attain $23 billion in U.S. losses by 2030.
Artificial id fraud happens when scammers create pretend identities utilizing a mix of actual and fabricated info. They could steal an actual Social Safety quantity, usually from a toddler or somebody with no credit score, and add pretend particulars like a made-up title or birthday. Then, they use this pretend id to get bank cards, loans, or authorities advantages. As a result of the id doesn’t belong to an actual particular person, it’s robust to catch.
Daniel Flowe, Head of Digital Id at LSEG Danger Intelligence, expresses his views relating to the rising artificial id fraud problem. He says, “2025 will see artificial id fraud get away and turn out to be a considerable — and rising — problem. The instruments and applied sciences that fraudsters can leverage to create hyper-realistic artificial identities have gotten cheaper and extra available. On the identical time, unhealthy actors have gotten more and more expert.”
Firms have to implement sturdy vendor administration programs, safe fee strategies, real-time account verification, and steady transaction monitoring.
3. Throughout all doc fraud, 40.8% goal nationwide ID playing cards.
In 2024, the id fraud charges throughout the Americas, APAC, and EMEA areas have been 6.2%, 6.8%, and three.4%, respectively. Among the most focused paperwork embrace the Indian tax ID, the Pakistan nationwide ID card, the Bangladesh nationwide ID card, and the French passport.
Most paperwork are flagged both for visible authenticity (47%) or information validation points (36%), indicating an more and more refined vary of assaults.
4. Frauds occur 24/7 however spike between 3 a.m. and 6 a.m. UTC.
Whereas fraud happens 24 hours a day, 7 days per week, fraudsters exploit what companies and prospects assume to be enterprise downtime.
Supply: Entrust
Companies might profit from deploying and imposing their fraud prevention ways 24/7, with particular consideration paid throughout the “downtime” interval.
Timing-based fraud occurs when criminals strike throughout susceptible moments. These moments may be past downtime, reminiscent of month-end closings, payroll runs, vendor funds, holidays, or when your defenses are weakest.
Past relying solely on 24/7 monitoring, companies want smarter, behavior-based defenses that may spot exercise that doesn’t match the usual consumer patterns. Including layers of authentication, approvals, and velocity guidelines will provide you with a greater assemble to guard in opposition to such fraud.
5. 61% of IT and IT safety practitioners are making ready for the post-quantum period.
As quantum computing continues to mature, the expertise is getting near the cryptographically related quantum computer systems (CRQCs). These programs are able to breaking encryption, which we depend on to maintain information secure and safe.
Recognizing this threat, the Nationwide Institute of Requirements and Know-how (NIST) issued its first post-quantum cryptography (PQC) requirements in August 2024. These requirements embrace directions for incorporating them into merchandise and encryption programs.
Entrust’s State of Zero Belief and Encryption Examine reviews that 61% of IT and IT safety practitioners of their organizations are planning emigrate to PQC inside the subsequent 5 years.
6. 46% of companies reported a year-over-year enhance in deepfakes and generative AI fraud.
Deepfakes aren’t simple to detect and combat. Though 46% of organizations report a rise in deepfake frauds, 50% really feel that they’re at a constant stage YoY.
In line with Genuine ID’s analysis, 76% of enterprise homeowners are assured of their capability to detect deepfakes. Nonetheless, 47% of staff are equally assured in a enterprise’s deepfake detection functionality.
Blair Cohen, President and Founding father of AuthenticID, expresses his ideas on Deepfakes: “Regardless of the sophistication of deepfake expertise, delicate clues in language and context can generally betray their authenticity. Because the battle in opposition to misinformation intensifies, the hunt for efficient safeguards and shopper training in opposition to deepfakes stays crucial.”
7. Account takeover scams elevated by 250% in 2024.
Roughly 40% of victims in these scams reported experiencing id theft. A typical sufferer loses round $180 in these scams. Malicious hackers take management of the goal’s social media, banking, e mail, and even e-commerce accounts to propagate into extra crucial programs.
Scammers usually acquire a variety of knowledge from these accounts, together with private and conversational information. Some consultants predict that these ways will overshadow different strategies, reminiscent of ransomware, in 2025.
8. 32.52% of workplace-related fraud entails impersonation of an worker.
Past impersonating an worker, 18.7% contain misrepresented or pretend worker purposes for a place. 30.89% of incidents happen because of worker account takeover, and 19.51% of id frauds outcome from bodily or mental property theft.
Phishing is the commonest technique used to trick individuals in these scams. 76.86% of frauds contain phishing. That is evident, as 90% of cyber threats are pushed by social engineering.
On common, there are 34 annual makes an attempt focusing on private information or consumer accounts for unauthorized entry.
9. 18.59% of id frauds goal the gaming trade, whereas 5.74% goal retail.
Fraud charges are the best within the gaming and worker background screening industries, at 18.59% and 10.62%, respectively. Sector-wise, monetary establishments have constantly been the goal for unhealthy actors.
In the case of defending in opposition to id theft dangers in monetary establishments, there are combined opinions amongst prospects. For instance, 49% of shoppers are assured about their establishment’s safety in defending their identities. Nonetheless, 51% of shoppers are nonetheless uncertain or uncertain.
Garry W.G. Clement, Chief Anti-Cash Laundering Officer at Versa Financial institution, says, “Id fraud with the entire present expertise and the flexibility to make use of the darkish net to create pretend identities will proceed to escalate and require subject material consultants and applicable coaching and expertise to thwart assaults.”
10. 1 in 20 id verification makes an attempt in 2024 concerned somebody pretending to be another person.
These are makes an attempt from people who find themselves impersonating another person. In line with Veriff’s information, 82% of fraud assaults in 2024 have been impersonation makes an attempt, making it the commonest kind of fraud.
With expertise, direct impersonation has advanced into a certified fraud rip-off. In a certified fraud, a nasty actor methods a real consumer into performing an id verification session. In 2024, these approved fraud instances accounted for roughly 1.79% of all verification makes an attempt.
E-commerce had the best approved fraud price in 2024, reaching 1.62%. That is 18 instances increased than the worldwide common for any such fraud.
Tips on how to forestall id theft
Listed here are a number of fast suggestions that individuals and companies use to guard themselves in opposition to id fraud:
- Set workflows to determine and cease fraud early. Consider onboarding like your entrance door and cease the fraudster earlier than they enter. It’s greatest to confirm id by know your buyer (KYC) and anti-money laundering (AML) checks. These are necessary for regulated industries; it’s greatest to accommodate them in unregulated sectors too.
- Maintain checking for fraud constantly. Fraudsters don’t cease after onboarding. Defend the entire buyer journey with biometric checks throughout delicate actions reminiscent of high-value transactions. Arrange a system to check new facial scans with the unique onboarding information to verify id.
- Deal with biometric authentication information with care. Retailer biometric information on the consumer’s system or your personal server, based mostly on what works greatest. The secret’s giving your system flexibility whereas sustaining management over threat administration and information deletion.
- Undertake a zero-trust safety mannequin. Belief nobody by default and all the time confirm id and entry. Use sturdy id and entry administration (IAM) and phishing-resistant multi-factor authentication (MFA) to verify fraudsters aren’t impersonating a real consumer. Add public key infrastructure (PKI) to safe and confirm digital communications.
- Use AI to combat AI-driven fraud. Superior AI fashions detect extra fraud than primary, generalized programs. For instance, micro-models skilled on hundreds of fraud patterns can catch extra pretend paperwork.
Managing sophistication in id fraud with simplicity
Id theft is now not only a threat; it’s a relentless, evolving threat rising in dimension and scale by AI and deepfakes. You’ll want to defend your self and the group proactively in opposition to this digital risk.
Options like id and entry administration (IAM) software program assist set up the correct controls with approvals, authentication, and privileges to guard in opposition to such threats.
Discover the main IAM software program and take higher management of various identities in your corporation.
