WHAT IS IDENTITY THEFT

WHAT IS IDENTITY THEFT?

Identity theft happens once somebody uses your identity or personal information—such as your name, your driving license, or your PAN or Aadhar number—without your permission to commit against the law or fraud. Your identity and private data is often at risk and may be taken long before you notice you are a victim. In most cases of fraud, you do not determine you're a victim till you review your credit card statement or receive notices within the mail concerning

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new accounts you didn't open, charges you did not make, or till you are contacted by a debt collector.

Being a victim of fraud will have an effect on you through immediate financial loss, harm to your credit, emotional distress, and time and energy to resolve.

 

Identity fraud is often but not essentially the consequence of identity theft. Somebody will steal or defalcate personal information while not then committing fraud exploitation the knowledge concerning every one, like once a significant information breach happens.

 
  • Criminal Identity Theft- This is the sort of fraud that usually happens is once a criminal/fraudster uses an individual Identity or name for apprehending of committing any crime.
  • Financial Identity Theft- In this case when a person uses your Identity to obtain credits. Fraudsters can do this by either stealing your credit card or by hacking your personal information through mobiles, Internet, etc.
  • Identity cloning- Identity Cloning is basically when a fraudster uses your Identity to assume your information on a daily basis.
  • Child Identity Theft- This is the type of Identity Theft which is associated with your child. It is important to secure your child’s Aadhar number so that no fraudster uses it to obtain government benefits or credit card in the name of your child.
 

Identity theft can victimize anyone. Most identity theft crimes are committed by someone the victim knows. It is difficult to prevent identity theft, however early detection of identity theft leads to better outcomes. The sooner you can detect and respond to the warning signs of identity theft, the more likely you are to protect your assets and your name.

 

In today’s digitally connected world it is foremost and most important duty of an individual to secure their personal and other important information and documents of their own, family, children, business and employees.