2 Major Types of Identity Theft

Everyone has probably heard of identity theft. It is atheir identities are being used for this types of activities
crime committed when another person utilizes theand little do they know that when criminals perform
identity of another person to gain employment, committheir illegal acts, the name that is actually at stake are
crimes or acquire financial rewards. It is typicallytheirs. There are various criminal activities where
referred as a silent crime that can kill instantly becauseidentity theft can be utilized like computer and cyber
of the fact that most victims of identity theft do notcrimes, money laundering drug trafficking, alien
realize that their identity has already been stolen untilsmuggling, and organized crimes. Money laundering,
everything is too late. Charges have already beenmore specifically, can be performed by opening new
made on their credit cards, bank accounts haveaccounts under their victims' name and using these
already been drained, and crimes have already beenaccounts to launder huge amounts of money.
committed at the expense of the victim. There are aWith the many variations of identity theft, still the most
couple of things that identity thieves do with theprevalent are credit card frauds. This can be done
personal information that they get. Often they utilizewhen, for instance, you dined in a restaurant and you
these to commit the following:used your credit card to pay for your bill. As you are
1. Financial fraud - This type of identity theft typicallyon a hurry, you did not bother picking up the receipt
includes social program fraud, credit card fraud,from the restaurant which can contain a lot of
computer and telecommunications fraud, bank fraud,information that can be taken advantaged of like your
mail fraud, tax refund fraud, and a whole lot more. Ascredit card number, your name and signature.
a matter of fact, secret service agency of the USIdentity theft in its simplest for is credit card fraud. It is
Government have investigated 25 different types ofthe most common and easiest to accomplish. Other
financial identity theft that have been committed bythan the scenario that was described above, it can
different individuals, involving millions of victims that arealso be initiated with pre-approved credit card offers
totally unaware of the theft that is taking place.that come to your mailbox that you immediately
2. Criminal activities - This type of identity fraud oftendiscarded to your garbage bin. These types of mail
includes stealing another person's identity and using thisalso contains very sensitive information that when held
fraudulent identity to commit crimes, gain legal entry toby the wrong hands, can really get you into trouble. For
a specific country, obtain special permits, deliberatelythis reason, it is important that you dispose your trash
hide another person's identity, or worst, commit violentproperly especially if they contain information or data
acts of terrorism. Often, victims are also unaware thatthat criminals can use against you.