Synthetic identity fraud resulted in more than $47 billion in losses in 2024.

An analysis of thousands of questionable insurance claims from 2022 through June 30, 2025, showed a significant year-over-year increase in claims involving identity theft.

Nearly a quarter of insurance claims processed with identity theft as a reason for referral to NICB involved a synthetically generated identity.

Other consumer lending: The lowest fraud exposure, with 0.77% identity theft and 0.14% synthetic fraud.

Demand deposit accounts: High risk, with identity theft at 7.85% and synthetic fraud at 1.17%.

A coordinated fraud ring stole identities from Texas death row inmates.

Credit cards: Identity theft rate averages 2.68%, with 0.37% involving synthetic fraud.

Auto lending: Identity theft averages 3.28%, while synthetic fraud accounts for 0.80%.

69% of respondents globally believe AI-powered fraud now poses a greater threat to personal security than traditional forms of identity theft.

More than 1 in 3 (38%) consumers report they have been a victim of identity theft in the past.

72% of credit union members said they'd be more likely to trust and adopt an identity protection product if it came from their credit union rather than a third-party provider.

80% of credit union members believe it's their credit union's responsibility to protect their personal information and identity.

90% of credit union members are deeply concerned about the impact of identity theft on themselves or their families.

67% of credit union members would use an identity protection product if it were offered through their credit union.

The FBI received 21,403 complaints about identity theft in 2024 (versus 19,778 in 2023 and 27,922 in 2022).

There was a 46% rise in personal document theft leading to identity theft in 2024