Despite the increased adoption of online shopping, mobile payment and banking apps, electronic data issues and breaches only account for 15 percent of identity fraud, according to a new study from Travelers.
Seventy-three percent of all identity frauds are caused by burglary, theft or misplacement of wallet/purse/personal identification/computer. Top among those was stolen or misplaced pocketbooks and purses, followed by compromised personal IDs and auto/home burglaries. Digital breaches as well as and forgeries (10 percent) rounded out the causes involved in a significant number of cases.
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