News & Announcements

June 19, 2020

Virginia Ranks 9th In Identity Theft

Reports of Coronavirus-related scams have spiked in recent weeks, according to the ID Theft Clip ArtFederal Trade Commission (FTC). Many have been related to false advertisement of Covid-19 cures and treatments, while others have included online sellers claiming to sell in-demand goods, fake charities soliciting donations, robocalls offering fake products, and phishing emails looking for personal information. In all of the reported cases, victims have lost money and had their identities stolen.

The Supporting Data

Virginia ranks 9th compared to all other states with 672 per 100K of the population in reported fraud incidents. It ranks 25th overall in reported identity theft cases at a rate of 121 per 100K residents.

The Identity Theft Resource Center (ITRC) first started tracking data breaches in 2005. Since then, there has been a 900% increase in reported incidents. Not all data breaches lead to identity theft, but they do increase the likelihood that it will occur as individuals’ personal information has been exposed.

It is an easy assumption that most victims are senior citizens, but that is wrong. Identity theft reports for people aged 30-39 were most frequent. The ITRC reports that millennials are more willing to share their personal data online and less fearful of it being compromised. Children and older adults are still at high risk, however. The FTC believes incidents of identity theft for these groups often go unreported or noticed.

A side-by-side chart comparing Virginia to the U.S. as a whole:

For State-by-State Comparisons, review the charts below:

ID Theft Chart of Virginia Fraud Report Chart for Virginia

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

You’re Covered With Mutual Assurance

We provide all members with Identity Recovery Coverage through our partnership with CyberScout. This coverage has two parts. The first is case management by CyberScout to help with contacting credit bureaus, writing letters to courts, working with your credit card companies, and more.  The second part is expense reimbursement for costs related to any recovery efforts (lost wages, filing fees, and more.

If you would like more information on this free service, call your Mutual Assurance representative.