Preventing Identity Theft
Types of Identity Theft
Identity theft happens when someone
uses information from your personal identification
documents or any other source in order to impersonate
you. Usually the information is used to perpetrate
either financial fraud or some other crimes.
Financial Fraud
The average identity theft victims may be the target
of:
- Debit & ATM Fraud
- Checking Account Fraud
- Savings Account Fraud
- Store Credit Account Fraud
- Loan Account Fraud
- Mortgage Account Fraud
Less often but most devastating can be fraud related
to brokerage accounts. Identity thieves often change your address
and then file a bankruptcy in your name without you ever knowing
about it.
Identity Cloning
This is when someone steals your
identity, possibly moves you to another state
or town and acts out their lives as if they
are you. They use your good credit rating to
get secure financing for everything including
homes, cars and clothing.
Other Crimes
Criminals use others people's identity to commit
crimes such as:
- Drug Trafficking
- Smuggling
- Illegal Entry to other Countries
- Terrorism
- Money Laundering
- Computer Crimes
- Shoplifting
- Burglary
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