05/26/2026

Why last year's breach is this year's identity fraud

AOL

Identity fraud is rising in the United States, but the timing does not always line up with the breach behind it. Consumers lost $27.3 billion to traditional identity fraud in 2025, according to Javelin Strategy & Research's 2026 Identity Fraud Study. That followed a sharp 19% jump in 2024, when losses reached $27.2 billion.

FTC identity theft reports also climbed in 2025. Reports through the first nine months of the year had already topped the full-year total for 2024. The FTC received more than 1.1 million identity theft reports in 2024, according to the agency's Consumer Sentinel data.

The problem is that breach notices are becoming a regular part of life, even though the risks can last long after the notice arrives. The Identity Theft Resource Center logged a record 3,322 U.S. data compromises in 2025. In a separate consumer survey, the ITRC found that 80% of consumers received at least one breach notice in the previous 12 months. Among those consumers, 88% experienced at least one negative consequence afterward, including account takeover attempts.