The threats posed by cyber attacks and identity theft continue to grow as cyber criminals always seem to be on offense while consumers and insurers are on defense. A study recently released by Javelin Strategy and Research found that cyber criminals stole more than $16 billion from over 15 million U.S. consumers last year.

A new risk assessment tool, the Identity Threat Assessment and Prediction (ITAP) model developed by the University of Texas at Austin Center for Identity, provides unique insights based on research into the behaviors and methods of identity threats, and aggregates the information to help risk managers assess threats and vulnerabilities. The information in the ITAP database is collected from news stories and other sources, and the repository currently holds data from more than 5,000 incidents that occurred between 2000 and 2016. Researchers apply a number of analytical tools to this information in order to compare threats, and identify trends and losses.

As a result of their examination of the information, researchers have identified six key takeaways, as well as other data that help to paint a broader picture of the impact of identity theft on consumers and businesses. Here is a look at some of their findings.