http://www.webopedia.comWhat is Identity Theft
Identity theft is a crime whereby criminals impersonate individuals, usually for financial gain. In today's society, you often need to reveal personal bits of information about yourself, such as social security numbers, a signature, name, address, phone numbers, and even banking and credit card information. If a thief is able to access this personal information, he or she can use it to commit fraud in your name. With this information the thief could do things such as apply for loans or new credit card accounts. They can then request a billing address change and run up your existing credit card without you knowledge. They can also use counterfeit checks and debit cards, or authorize electronic transfers in your name, to wipe out your your bank account.
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