Are you one of the 12.7 million people who found themselves as a victim of identity fraud in 2014? No. Phew! It’s easy to think you’re in the clear. Actually the opposite can be true. 2014 saw a significant amount of data breaches, most notably from retailers Neiman Marcus, Home Depot, Staples and Michael’s, as well as financial institution JPMorgan Chase. Consumers whose credit or debit cards were breached in the past year were nearly 3x more likely to be an identity fraud victim. So if you receive a letter that your information was exposed in a data breach, take it serious! Javelin Strategy & Research (@JavelinStrategy) study 2015 Identity Fraud Study found that fraudsters stole $16 billion from 12.7 million U.S. consumers in 2014. With a new identity fraud victim every two seconds, there is still significant risk to consumers, particularly students. Fraudster can use your information to open a new account in your name and start racking up large charges or even finance a car. This type of fraud can take consumers up to 1 year to discover this new account. This type of fraud -- new account fraud – although reached record low, continues to be one of the most damaging types of fraud. To reduce your chance of becoming a victim of identity fraud, checkout out www.idsafety.net for 18 question quiz and checklist for consumers for fraud prevention. To view the full report: www.javelinstrategy.com/brochure/347

1. IDENTITY
FRAUD
© 2015 Javelin Strategy & Research, Identity Fraud Study
12.7 MILLION AMERICANS
BECAME A VICTIM OF
IDENTITY FRAUD
Consumers, financial institutions and
retailers are all taking aggressive
steps, yet, we must remain vigilant.
© 2015 Javelin Strategy & Research, Identity Fraud Study
TWO-THIRDS OF IDENTITY
FRAUD VICTIMS RECEIVED
A DATA BREACH NOTIFICATION
Data breaches were big headlines in 2014,
and they had a significant impact on
identity fraud.
© 2015 Javelin Strategy & Research, Identity Fraud Study
A NEW IDENTITY FRAUD
VICTIM EVERY 2 SECONDS
IN 2014
By the time you can say the words
“identity fraud,” there will be a new victim.
66%
$16Bn

2. IDENTITY
FRAUD
© 2015 Javelin Strategy & Research, Identity Fraud Study
© 2015 Javelin Strategy & Research, Identity Fraud Study
STUDENTS LEAST CONCERNED
ABOUT IDENTITY FRAUD, YET
MOST SEVERELY IMPACTED
Students are 4 times more likely than other
consumers to be victims of “familiar” fraud –
fraud committed by someone they know.
© 2015 Javelin Strategy & Research, Identity Fraud Study
28% OF FRAUD VICTIMS SAID
THEY AVOIDED MERCHANTS
2014 saw a significant amount of data breaches,
most notably from big retailers, which caused
twice as many consumers as last year to avoid
retail merchants.
COMPROMISED PAYMENT
CARDS TRIPLED THE RISK
OF IDENTITY FRAUD
Individuals whose credit or debit cards were
breached in the past year were nearly three
times more likely to be an identity fraud victim.
© 2015 Javelin Strategy & Research, Identity Fraud Study
Javelin Strategy & Research, a Greenwich
Associates LLC company, provides strategic
insights into customer transactions, increasing
sustainable profits for financial institutions,
government, payments companies, merchants
and other technology providers.
For more information on this study or
other research studies by
Javelin Strategy & Research,
visit www.javelinstrategy.com/research
not very concerned
64%
morethan20%
of students were notified about identity
fraud occurrence by a debt collector or
when denied for credit
3x
HIGHER
than the
average