Definition - What does Identity Theft mean?
Identity theft is the crime of stealing of a person's private sensitive data to use it for financial gain. Anyone with a Social Security number can potentially be a victim of identity theft.
People who are accused of identity theft can face criminal prosecution and sentencing if they are found guilty.
Justipedia explains Identity Theft
Identity theft is a crime that has been on the rise due to the increasing use of technology for financial transactions. There are many different types of information that can be stolen through identity theft:
- Credit card numbers
- Social Security numbers
- Phone numbers
- Checking account numbers
- Routing numbers, etc.
Access to such information can give criminals access to the victim's money in many circumstances. So, people need to be vigilant about their accounts to make sure that they do not become victims of identity theft.