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Report Reveals Nearly 1 in 5 Americans Were Victims of Fraud This Year

There has been a 21% increase in users finding that accounts have been opened under their name without their knowledge since the start of the pandemic. This is quite serious because of the fact that this is the sort of thing that could potentially end up making it so that users would suffer significant financial losses, and with all of that having been said and now out of the way it is important to note that this is not the only type of fraud that is on the rise.

This increase in fake account openings means that 58 million Americans, or just about 19% of the total population, suffered from fraud in the past 12 months, reports Idology. There has also been a 71% increase in mobile devices getting compromised, and almost 100 million Americans don’t have very high hopes for the future due to the reason that they feel like fraud is just going to continue to increase despite any measures that someone or the other might be taking to prevent it from getting a lot worse than it already is.


It turns out that around 70% of Americans don’t trust companies with their data either. They feel like companies might gather data on them without asking them for consent first. What’s more is that nearly 60% of Americans are of the opinion that companies are not doing as much as they should to safeguard data. All of this indicates that the state of cybersecurity these days is rather dire, and until and unless certain concrete steps are taken to help make things better it will be difficult to get people to part ways with their data in ways that are necessary. Companies need to do more to protect their users data and keep it from getting into the wrong hands.

Read next: Black Fog concludes a ransomware report on how many attacks were observed this year

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