Rhode Island Ranked as Second Least Vulnerable State to Identity Theft and Fraud

Rhode Island has been ranked second least vulnerable state to identity theft and fraud in the United States, according to a recent study by WalletHub. The study assessed the vulnerability of each state using a range of factors, including identity-theft complaints per capita and average loss amount due to fraud.

WalletHub’s Comprehensive Evaluation

WalletHub, a personal finance website, conducted a comprehensive evaluation of all 50 states and the District of Columbia, factoring in identity theft, fraud complaints, and policies aimed at prevention. Rhode Island scored well due to its low rates of identity theft and fraud.

Factors Leading to Rhode Island’s High Ranking

Several factors contributed to Rhode Island’s high ranking in the study. The state has fewer identity-theft complaints per capita than most other states and a lower average loss amount due to fraud. The state’s policies and initiatives aimed at preventing identity theft and fraud also played a significant role in its high ranking.

The findings of this study highlight the effectiveness of Rhode Island’s efforts to combat identity theft and fraud. Despite the increasing prevalence of these crimes nationwide, Rhode Island has proven to be a state where residents are less likely to fall victim to such offenses.