What is Identity Theft?

What is Identity Theft?

Who are you? What aspects of yourself do you identify with? Your morals and values, your interests, the way you grew up? These things make you who you are. However, though these aspects are important to you, a criminal does not care about how good of a person you are. A criminal just wants your identity as it is on your official documents. Once a criminal gets ahold of your identity, all you’ll have is your dignity. Soon to be lost, your good name.

What is identity theft? Identity theft occurs when a criminal gains access to your personal information and will use it to commit a crime or fraud in your name. There are numerous types of identity theft, such as mail identity theft, credit card fraud, even online shopping fraud. There are up to 20 different types of identity theft.

What kind of personal information do thieves look for? Exposing any of the following information in the wrong place can leave you at risk for identity theft:

  • Name
  • Address (Both physical and e-mail)
  • Telephone number
  • Drivers license/passport number
  • Online passwords
  • Any banking information (card number, account number, pin code)
  • Date of birth
  • Social Security

How do thieves gain access to my information? Thieves can access your information in many ways, such as a corporate data breach, stealing your mail, a “phishing” scam, unsecured websites, debit/credit card skimmers, stealing your mail, wallet, or purse, even “dumpster diving” through discarded mail, and more.

How will thieves use my information? Experian Information Services lists a few ways thieves could use information.

  • Make purchases using financial information
  • To sell to other criminals on the dark web to commit fraud
  • Open a credit card account to commit fraud
  • File taxes in your name/steal your tax return
  • Buy a home in your name
  • There are other possible ways for a thief to use personal information

How will I know if my identity has been stolen? Here are just a few signs to watch out for: receiving tax information you didn’t request, unauthorized transactions on your bank account, receiving a bill for a purchase you didn’t make, being denied credit. Watch out for any other confusing occurrence as well.

Now that you know more about identity theft, come back tomorrow to read more about protecting your identity.

By: KayLynn P.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Filter by Custom Post Type

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Filter by Custom Post Type

Ridesharing: How Much is Covered by Lyft and Uber?

Did you know that your rideshare work might not be completely insured? Before you get into an accident, this is what you need to know.

Protecting Your House from the Terrors of Tenants

Tenants can come up with some truly creative ways to destroy a house. Are you protected?

How Umbrella Coverage Protects You When that Rainy Day Comes

Umbrella coverage is perfectly named as it describes an added layer of liability coverage across your personal insurance policies. Learn more on our website.

Teaching Your Teen to Drive and Other Terrifying Things

Teaching a teen to drive is already stressful enough. Don’t add uncertainty about your auto insurance policy to the mix.

Six Crazy Things You Can Get Sued for (And How Umbrella Insurance Helps)

Are you afraid of getting sued? If not, you probably should be. Luckily, you can protect yourself with umbrella insurance.

Renting Your Home or Space Out? Make Sure You’re Covered.

Home sharing has become an increasingly popular way to make extra money or meet expenses. Know the risks, however. Learn more about home sharing insurance.

How to Speak “Insurance”

Why is it called an insurance “premium” instead of cost or price? We don’t know either, but here are some common insurance terms everyone should know.

Don’t Get Bit Earning Extra Money Delivering Food

Food delivery service can be a good “side hustle” to make extra money. That is, as long as you are properly covered with auto insurance.

Creating a Legacy Through Life Insurance

Life insurance offers an opportunity for you to leave a lasting legacy for your spouse, family or even a non-profit when you pass away.

4 Surprising (and 1 Not So Surprising) Ways to Save Money on Your Auto Insurance

If you are trying to save money on your auto insurance premiums, there are some ways to cut costs that may surprise you.

Leave a Comment





Translate »