What percentage of identity theft incidents is attributed to government benefits fraud during 2012-2014?

The percentage of identity theft incidents attributed to government benefits fraud during the years 2012-2014 was indeed around 10%. This statistic highlights the significant yet relatively smaller proportion of identity theft cases involving fraudulent claims for government benefits compared to other types of identity theft, such as credit card fraud or loan fraud, which tend to be more prevalent.

Understanding this statistic is crucial for those in the field of identity theft risk management, as it underscores the need for targeted prevention and response strategies that account for the various forms of identity theft. The relatively low percentage suggests that while government benefits fraud is a notable facet of identity theft, it is not the predominant type during that specific timeframe, allowing risk management specialists to allocate resources effectively toward the more common forms of identity theft that consumers may face.