Business
Allstate issues new guidance to protect shoppers as identity scams surge ahead of the holidays
Identity theft is ramping up earlier than expected. New data from Allstate Identity Protection1 shows a sharp rise in fraudulent account activity in October, surpassing November and December. The surge coincides with early holiday shopping and digital promotions, exposing consumers to increased financial risk.
About this update from Allstate Corporation (the)
[{"type":"text","content":"Allstate reports applications for new credit cards, loans and account setups peak in October during pre-Black Friday shopping, totaling more than $9M in potential losses ","length":169,"tagName":"p","attribs":{}},{"type":"text","content":" Key takeaways :","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"October kicks off identity theft season, with the highest volume of fraudulent credit and loan applications all year.","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"Fraud applications account for nearly 70% of all identity theft cases reported to AIP; new account scams drive the biggest financial losses, totaling more than $7.3 million.","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"Allstate's identity restoration specialists help victims recover their identity, credit and finances, covering up to $25,000 in eligible expenses.","length":150,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":445,"olType":false},{"type":"text","content":"NORTHBROOK, Ill., Oct. 27, 2025 /PRNewswire/ -- Identity theft is ramping up earlier than expected. New data from Allstate Identity Protection1 shows a sharp rise in fraudulent account activity in October, surpassing November and December. The surge coincides with early holiday shopping and digital promotions, exposing consumers to increased financial risk.","length":359,"tagName":"p"},{"type":"image","alt":"Allstate (PRNewsfoto/Allstate)","displaySize":"","headline":null,"caption":"Allstate (PRNewsfoto/Allstate)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":236,"url":"https://media.zenfs.com/en/prnewswire.com/50dc98c1f947e40e36bc779498c5808f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/deRwYzOwvCvY8UrJwKOiFQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/50dc98c1f947e40e36bc779498c5808f","width":400,"height":236}},"href":"https://mma.prnewswire.com/media/2750292/Allstate_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In October 2024 alone, Allstate helped prevent more than $9 million in potential losses tied to fraud applications and new account scams. Fraud applications made up nearly 70% of all cases, while new account fraud posed the greatest financial threat, with estimated los...