On Tuesday, a consortium of banks published a framework for reducing phishing risks that consumers face. The framework helped three large banks reduce scam reports by an average of 50%, according to the group.

In recent years, the typical cost of a personal identity package that includes a person's name, date of birth and Social Security number has been around $10 on the black market, and often as little as $1. These ballpark estimates come from multiple analyses of black market data sales by credit bureau Experian, cyber threat intelligence platform Flashpoint and security awareness training firm KnowBe4.