Synthetic identity fraud resulted in more than $47 billion in losses in 2024.
Synthetic identity fraud resulted in more than $47 billion in losses in 2024. — This cybersecurity statistic was published by National Insurance Crime Bureau (NICB) in September 2025. It covers topics including Insurance fraud, Identity theft, Synthetic identity. The original data appears in NICB Projects 49% Rise in Insurance Fraud Linked to Identity Theft in 2025 . For the full methodology and detailed findings, refer to the original report.
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Frequently Asked Questions
What does this statistic say?
Synthetic identity fraud resulted in more than $47 billion in losses in 2024. This data was published by National Insurance Crime Bureau (NICB) and covers Insurance fraud, Identity theft, Synthetic identity.
Where does this data come from?
This statistic comes from NICB Projects 49% Rise in Insurance Fraud Linked to Identity Theft in 2025 , published by National Insurance Crime Bureau (NICB) on September 2, 2025. You can view the original report at https://www.nicb.org/news/news-releases/nicb-projects-49-rise-insurance-fraud-linked-identity-theft-2025.
What cybersecurity topics does this cover?
This statistic relates to Insurance fraud, Identity theft, Synthetic identity. Browse more statistics on Insurance fraud or from National Insurance Crime Bureau (NICB).