identity theft

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identity theft,

the use of one person's personal information by another to commit fraud or other crimes. The most common forms of identity theft occur when someone obtains another person's social security number, driver's license number, date of birth, and the like and uses it to open a fraudulent bank, credit card, cellular telephone, or other account, or to obtain false loans. Criminal identity theft, the most common nonfinancial type, occurs when someone gives another's personal information to a law enforcement officer when he or she is arrested. In addition to the financial losses resulting from identity theft, the person whose personal information has been used will have an erroneous credit or criminal history that is often expensive and time-consuming to correct. The occurrence of identity theft increased significantly beginning in the late 1990s due to the computerization of records and the ability to use another's personal information anonymously over the Internet.

identity theft

Stealing the identity of others by using their credit card, drivers license, social security or other personal identification numbers. With "true name" identity theft, the thief uses the information to open new accounts. With "account takeover" identity theft, the thief uses the information to access existing accounts.

Not only can the thieves run up bills for the victims, but they can commit crimes pretending to be the victim, who may have enormous difficulty proving otherwise. Although catalog shopping by telephone has been around for decades, it is possible that an order taker might find someone acting suspicious. However, the complete lack of human interaction on the Web has caused identity theft to increase. In 1998, the U.S. Congress made identity theft a federal offense.
References in periodicals archive ?
Merchants), a leading Identity Theft Restoration and Background Screening company, announced the release of Merchants Small Business ID Theft and Fraud: Safeguarding Customer Information and Managing the Risk and Cost of Small Business ID Theft, Fraud and Data Breach Events.
Protect against ID theft by shredding all documents that have your full name, date of birth, credit card information, Social Security number, and any other personal information instead of throwing them in the wastebasket.
The solution offers an array of options that business can choose to offer customers, including daily credit monitoring, credit scoring, Social Security Number monitoring, ID theft insurance and an ID theft resolution center with dedicated resolution caseworkers.
to define ID theft, both online and off-line, and to study how it is perpetrated;
Consider signing up for an ID theft monitoring service: Identity theft is America's fastest growing crime.
According to ID Theft Resource Center, by the end of September this year, there were a total of 391 breaches, which exposed about 13.
com said: "HSBC's new interest-free current accounts are another blow for customers and hardly compensated by ubiquitous, low-value features such as ID theft assistance.
Two-thirds of consumers around the world believe that the current economic crisis has impacted their personal risk for ID theft or fraud, according to research conducted in February and March by Unisys Corporation (NYSE:UIS).
According to the Identity Theft Resource Center, ID theft victims spend an average 330 hours recovering from identity theft, potentially resulting in thousands of dollars in lost wages," says Bryan Ansley, CEO of Secure Identity Systems.
ID theft has also reached into education, health care, banking, and even into government sectors.
com Offers Steps to Avoid Becoming a Victim of ID Theft
Secure Identity Systems today announced it has been signed as the ID theft prevention service of choice for Wyoming Bank & Trust, a locally owned bank serving Laramie County, Wyoming.