Secure Your Identity | Types of Identity Theft

shutterstock_134600735_w640   When a person adopts the identity of someone else, it is called identity theft. This is a crime that invariably results in grief and financial damages to the victim. In some cases, identity theft can even be deadly. Thieves around the world use the identities of others to commit numerous types of crimes that are then traced back to the victims. This type of theft is a growing concern and requires everyone's attention. In combating these crimes, people must understand the different types of identity theft.   Financial Financial identity theft involves the fraudulent or otherwise unauthorized use of a person's credit card or financial account information. Thieves achieve this by copying credit card numbers at gas stations, restaurants, or retail establishments. They may also accomplish this by breaking into computer networks and stealing databases full of customers' financial information. They may also steal information by tricking people into volunteering it via email, in a technique known as phishing. The thieves then typically use this information to withdraw cash or make purchases in the victim's name.   Insurance Criminals may steal a person's information in order to obtain insurance benefits. This is known as insurance identity theft. It is also a form of insurance fraud and it can have consequences for all insurance policy holders. This is because companies need to raise insurance rates to compensate for the payouts that they give to thieves who make fraudulent claims in someone else's name. Quite often, insurance identity theft is also considered medical identity theft because the criminal is typically trying to obtain medical benefits for themselves under someone else's name.   Child Identity The act of pilfering a child's personal information to obtain benefits, credit cards or other things is called child identity theft. Criminals do this because parents do not tend to check their child's credit report, so the damage being done to a child's financial standing may go undetected for years. Often the thief is also a relative, which results in a parent being reluctant to file charges. A related form of identity theft involves adult children stealing from their parents or other relatives. Some criminals may even steal dead family members' identities for financial gain.   Social Security Criminals use other people's Social Security information in order to do a variety of things. This includes getting jobs and not paying taxes on their income, and obtaining medical benefits or government benefits. This type of identity fraud is called Social Security identity theft and it can also have serious consequences for the victim. These consequences include medical bills and tax burdens that they never personally incurred. Victims may even find themselves facing prosecution over abuse of government benefits.   Medical Medical identity theft occurs when a person uses another person's identity to obtain medical benefits. A victim of medical identity theft may find themselves ineligible for certain jobs because their medical records show they have health conditions that they do not actually have. They may also find that their medical benefits have run out, making it more difficult to obtain care. These problems occur because a thief causes medical personnel to enter information into medical records that reflects the thief's medical conditions, but is erroneous with regards to the victim whose identity they're fraudulently using. This can lead to deadly consequences, such as improper medical treatment for the person whose identity was stolen.   Driver's License Driver's license identity theft is a form of criminal identity theft. In this case a criminal takes someone's identity to forge a fraudulent driver's license and if they are pulled over and given a ticket, they decline to pay the ticket. Because they've taken someone else's identity, it won't reflect upon them personally, but the victim will be held responsible for their actions. This is one of the most common risks a person faces when their wallet is stolen, because thieves may use their driver's license or sell it to others who will.   Criminal A criminal who steals someone's identity can commit a crime in their name and cause the victim to go to jail instead. Criminal identity theft, as it is called, occurs when a person gives someone else's name, Social Security number, driver's license information, or other identifying information, to law enforcement agencies. They will then fail to appear in court if they have been ordered to do so, because their identity isn't what is tied to the legal issue in question. When the police later pull over the unsuspecting victim, they will see that there is a warrant for their arrest. In this situation it becomes very difficult for the affected person to prove that they did not commit the crime in question.   ·         Medical ID Theft / Fraud Information ·         Child Identity Theft ·         Identity Theft And Your Social Security Number ·         Identity Theft (FFDL 24) ·         Identity Theft & Driver License Fraud Information ·         Criminal Identity Theft: What To Do If It Happens To You ·         What Are Identity Theft and Identity Fraud? ·         Taxpayer Guide to Identity Theft ·         Identity Theft Affecting Your Tax Records
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