Identity theft occurs when someone steals your personal information. Discover how to help prevent it.
While shredding physical bank statements and other sensitive documents can help prevent offline identity theft, it’s also important to “shred” sensitive files as well like PDFs of tax returns and bank statements should a hacker gain access to your PC. Typically, when you dele...
How Identity Theft Happens The term “identity theft” encompasses a broad range of methods of stealing other people’s information. However, it is common for a thief to target high-value information, such as a Social Security number, and use it to buy something, open an account, or commit...
The best way to prevent it is to freeze your credit. 2. Child identity theft With this type of identity theft, criminals steal a child’s identity and apply for credit in that child’s name. Often it is not discovered until the victim applies for college loans or other credit. Warning ...
Tax identity theft occurs when someone files a fraudulent tax return in your name. Here’s how to spot it, and steps you can take to prevent tax identity theft.
The damage can be mitigated, but it’s better to prevent the theft in the first place. Impact of identity theft on business Identity theft is most often associated with the act of stealing an individual’s identity. But as Mitt Romney once famously said,“corporations are people, m...
What is identity theft? Identity theft refers to a type of crime where an individual's personal information is stolen and fraudulently used by someone else for financial gain or other malicious purposes. It normally includes one or more of the following occurrences: ...
Financial identity theft Of course, when people think about identity theft, their biggest worry is that a criminal can use it to steal their money. And, in most cases, this is the most common type of identity theft, online or offline. ...
Identity theft is the third-party use of your personal information to obtain goods and services without your knowledge or consent. What is the cause of identity theft? What are the warning signs of identity theft? How do I prevent identity theft?
Identity theft can have financial consequences for the victim. The cost to the victim depends on when the crime is reported and how it occurred. States generally do not hold a victim responsible for charges made to a new account opened in their name without their knowledge. States also limit...