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 ?
The Global Identity Theft Protection Services market has been divided into, application, type and region.
We apply various analytical tools to the ITAP model to reveal useful overarching statistics and trends regarding identity theft. The ITAP Dashboard is a set of tailor-made charts and tables we have developed to explore a variety of particularly interesting aspects of the identity theft incidents, such as the resources most frequently used by perpetrators and the geographic distribution of identity theft over the United States.
The Security Summit has worked to increase awareness among taxpayers and tax professionals about tax-related identity theft and security steps through its "Taxes.
Financial Effects: 38.2% of respondents indicated they were either unable to obtain credit cards or denied a credit card due to their identity theft incident, which is up 6.4% over the previous year's figures.
"When it comes to privacy in general and specifically with identity theft, protecting mobile devices has become a task no less acute than protecting personal computers, thus our recent product release.
The cost of a particular service varies with the extent of the protection (e.g., whether it entails remedial action if identity theft occurs).
In some cases, the CPA may be one of the first people to discover an identity theft. For example, a CPA may e-file a tax return and have the return rejected because a previous filing was falsely made using a client's identifying information.
Section III presents a statistical analysis of the effect of 10 breach notification law provisions on identity theft.
Business identity theft may be more difficult to detect than individual identity theft, as the signs that indicate business identity theft may also be the product of a simple processing or filing error.
View more information on DONCEAP Identity Theft Support, here.
(NYSE: HRB) to provide Tax Identity Shield, a new solution to protect consumers and their families from the threat of tax identity theft.
Surprisingly, most people seem unaware of the ramifications of medical identity theft, despite the fact that its effects can be considerably farther-reaching than conventional identity theft, up to and including threatening the victim's very life.

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