Identity theft occurs when somebody steals a person’s name and other personal information for fraudulent purposes. Identity theft is a form of identity crime where somebody uses a false identity to commit a crime. It involves stealing victims' personal information and credentials, often to make purchases. It is an act of impersonating another by means of using the person's information, such as birth date, Social Security number, address, name, and bank account information. It is an fact the co-option of another person's personal information e.g., name, Social Security number, credit card number or passport without that person's knowledge and the fraudulent use of such knowledge. Identity theft is deliberately assuming another person's identity, usually to gain access to their finances or frame them for a crime. It can also be used to enable illegal immigration, terrorism, espionage, or changing identity permanently.
Once a criminal accesses the information he needs he can for example do the following:
1. Apply for a credit card in the victim’s name.Read more..