Fraud, identity theft and data breaches have become part of our everyday lives. So far in 2024, there have been more than 1,300 data breaches. Last year consumers reported losing more than $10 billion to fraud, the highest dollar amount ever reported, according to the Federal Trade Commission (FTC).
Experian’s 2024 U.S. Identity and Fraud report reveals how consumers feel about cyber threats and their online footprint.
- Identity theft (84%) and stolen credit card information (80%) are consumers top online security concerns.
- People want more types of identity recognition techniques used to verify their identities.
- 70% of businesses said that AI fraud is expected to be the second greatest challenge for their business.
WITH GUEST: Michael Bruemmer, Global Data Breach Resolution & Consumer Protection, Experian
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