Identity theft is when a person’s personal or financial information is stolen and used. It could be that person's name, credit card information, Social Security number, or medical insurance details. Victims are often devastated by this theft, which can result in months and even years of having to deal with the aftermath of fraudulent activity.
Identity theft can have a tremendous impact on your life in several ways. Once they have your personal information, identity thieves can impersonate you and purchase items with your stolen credit card number or take out loans for big-ticket items like a car. They can also file tax returns and claim your refund, or get expensive medical work done using your health insurance information.
Thieves have even been known to use stolen identities when they get arrested, causing criminal charges to appear on the records of innocent people. They also steal the identities of children because most parents do not monitor their children’s credit, especially before they are too young to use it.
Unfortunately, there are many ways your identity can be stolen, so you must take every precaution to protect your information. Thieves can gain your info by:
Thankfully, there are steps you can take to prevent your identity from being compromised:
If you believe your identity has been stolen, you must take action as soon as possible before the thief does more damage. Recovering and repairing your identity is not a simple or easy process, and it will involve a lot of phone calls, letters, and emails. This process will vary depending on which country you're in, but if you're in the United States you should take the following steps:
Once you have completed this, you will need to start clearing up your credit reports and statements. Sadly, it could take months or years to completely fix what the thief has done. For more details on recovering from identity theft, visit https://www.identitytheft.gov, which is owned and operated by the U.S. government.
Identity theft is a total invasion of your privacy and livelihood, and repairing the damage could take a long time. By taking the proper precautions, you can minimize the chances of a thief stealing your identity.