This question is prompted by How to Safely Destroy a Large Quantity of Valid Blank Checks.
For decades, I've put torn up confidential financial information into the garbage (not the recyclable trash), tightly tying up the garbage bag and throwing it into the garbage truck at my local weekly garbage collection site. I cannot imagine anyone pawing through volumes of smelly garbage bags in search of treasure. Maybe passing a metal detector over the garbage, but not a hands-on search. However, as the linked question demonstrates, some people are unhappy with this method of disposing of old, but still potentially mis-usable, financial papers.
Of course, merely crumpling up such papers and dropping them into an open, public trash can is inadvisable.
Is there any information on how often valuable paper is taken from garbage disposal sites, and subsequently used fraudulently? For example: "I never authorized this transaction, but I did mistakenly throw away a list with all my pass codes." If so, please summarize.
Addendum because Comments There must be some data on fraudulent transactions, with, possibly, information on how they occurred.