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New-Account Fraud Surges 31% as Criminals Open Credit in Victims' Names

New-account fraud victims jumped 31% in 2025, rising from 4.2 million to 5.4 million, according to Javelin Strategy & Research. Unlike traditional identity theft, criminals use stolen personal data to open entirely new accounts that victims may never see on their existing statements.

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New-account fraud victims jumped 31% in 2025, rising from 4.2 million to 5.4 million, according to Javelin Strategy & Research. Unlike traditional identity theft, criminals use stolen personal data to open entirely new accounts that victims may never see on their existing statem…

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