What is Identity Theft?

[identitytheft]

Identity theft has become a fact of life. It does not matter if you are dead or alive, it can attack anyone and everyone. But, before digging deep into its repercussions and probable prevention, let’s take a quick look at what identity theft actually is?
http://www.waronidtheft.org

[thunderforces]

Identity theft is categorized two ways: true name and account takeover. True-name identity theft means the thief uses personal information to open new accounts. The thief might open a new credit card account, establish cellular phone service or open a new checking account in order to obtain blank checks.

Account-takeover identity theft means the imposter uses personal information to gain access to the person's existing accounts. Typically, the thief will change the mailing address on an account and run up a huge bill before the person whose identity has been stolen realizes there is a problem. The internet has made it easier for an identity thief to use the information they've stolen, because transactions can be made without any personal interaction.

[fannaz]

identity theft means the imposter uses personal information to gain access to the person's existing accounts.