In light of the current economic crisis brought on by the pandemic, more Americans than ever before have applied for and received some form of government relief. Unemployment benefits and tax return fraud are the biggest target by cybercriminals,
In this time, 10% of US adults report being a victim of identity theft since the onset of the pandemic. In addition, another 11% said they weren’t sure if they have or have not been a victim of identity theft. These findings are part of a new TransUnion Public Sector survey focusing on the impact government agency-related fraud is having on consumers. More than 43% of survey respondents said both security and convenience are equally important to them when accessing their government accounts.
Government fraud impacting Gen Z the most Gen Z (born 1995 or after) topped all generations with almost 16% stating they’ve been a victim. This group also reported the highest propensity of government accounts being taken over by someone else (15%) compared to 7% for all generations.
CyberIDLock's Identity protection can help protect consumers from the main causes of identity theft and provide recovery and reimbursement of they ever become a victim.