From 2012 to 2014, which type of identity theft incident reported the highest percentage?

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Prepare for the Certified Identity Theft Risk Management Specialist Exam. Leverage flashcards and multiple-choice questions, each with hints and insights. Ready yourself for success!

The answer highlights the significant impact of Government Documents or Benefits Fraud during the specified years. Identity thieves often target government benefits due to the potential for substantial financial gain without requiring a high level of sophistication. This form of fraud might include stealing personal information to access unemployment benefits, tax refunds, or social security benefits, making it easier for a thief to operate without raising immediate alarms.

Between 2012 and 2014, various reports indicated that this type of fraud was prevalent, especially with the rise in social engineering techniques and data breaches that allowed criminals access to sensitive personal information. Factors contributing to the trend include the increasing complexity of government programs and the vulnerability of those programs to exploitation by individuals with stolen identities.

The reported data between those years underscored a growing focus on preventative measures and awareness for individuals, businesses, and government agencies to address such fraud. As a result, understanding the dynamics and prevalence of government fraud became critical in enhancing identity theft risk management strategies.

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