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Friday, November 22, 2024

Coronavirus-fueled fraud in 2020 cost Illinois $93.3 million, study finds

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Study finds fraud cost Illinois more than $93 million in 2020. | Adobe Stock

Study finds fraud cost Illinois more than $93 million in 2020. | Adobe Stock

Fraud crimes such as identity theft and shopping scams cost Illinois $93.3 million last year during the COVID-19 pandemic, representing a nearly 160% increase more than the amount of fraud recorded in 2019, according to a study by QuoteWizard.com

The 2020 jump in fraud recorded in Illinois was the third-highest among the 50 states, based on percentage increases in consumer dollars lost due to deception, the insurance marketplace website reported. 

Nationwide, Americans paid out more than $2.3 billion last year due to an increasing number of fraud reports that corresponded with the coronavirus pandemic. Among all types of fraud, the fastest-growing categories in 2020 were scams involving employment opportunities and credit bureaus, the study found.

Rapid rises in deception reports were also found to be common among the states. Fraud instances rose by 20% or more in 20 states, according to QuoteWizard.com.

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The Cost of Fraud in Each State in 2020

RankState% Increase in Dollars Lost 2019-2020Total Loss in 2020
1Nebraska193.2%$12,900,000
2South Dakota180.0%$4,200,000
3Illinois159.9%$93,300,000
4Utah157.0%$23,900,000
5Hawaii151.6%$15,600,000
6Arizona138.0%$69,500,000
7Nevada137.0%$36,500,000
8Washington134.5%$68,700,000
9Wisconsin124.2%$34,300,000
10North Carolina121.8%$72,100,000
11Florida119.8%$199,400,000
12Georgia118.9%$71,800,000
13New Mexico115.9%$24,400,000
14New Jersey115.5%$71,100,000
15Virginia114.2%$72,600,000
16Michigan113.0%$57,500,000
17California111.9%$400,900,000
18South Carolina107.1%$35,200,000
19New York102.9%$169,800,000
20Pennsylvania100.8%$74,700,000
21Oregon100.6%$32,100,000
22Texas99.1%$203,100,000
23Alabama97.7%$25,900,000
24Maryland96.8%$55,100,000
25Indiana96.3%$31,600,000
26Tennessee96.1%$40,600,000
27Minnesota93.7%$36,800,000
28Louisiana92.0%$21,500,000
29Oklahoma85.3%$18,900,000
30Iowa81.9%$17,100,000
31Ohio79.6%$58,000,000
32Maine78.8%$5,900,000
33Wyoming78.3%$4,100,000
34Colorado74.9%$50,900,000
35Connecticut74.8%$24,300,000
36Rhode Island70.8%$4,100,000
37Massachusetts58.5%$40,900,000
38Vermont56.5%$3,600,000
39Delaware54.2%$9,100,000
40Kentucky47.7%$15,800,000
41Kansas47.5%14,900,000
42Missouri43.9%$40,300,000
43Arkansas43.8%$13,800,000
44Montana43.6%$5,600,000
45West Virginia42.4%$9,400,000
46Mississippi39.0%$10,700,000
47Idaho37.0%$10,000,000
48New Hampshire21.2%$6,300,000
49North Dakota11.1%$3,000,000
50Alaska9.6%$5,700,000
Source: QuoteWizard.com

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