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Identity theft |
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Identity theft. Identity theft is the unauthorized use of your personal information, such as your name, address, Social Security number, or credit account information. People usually steal your identity to make purchases or obtain credit, though they may also use the data to apply for a driver's license or other form of official identification. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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6 percent of all known-cause identity fraud in 2004. Nearly 10 million people were victims of some form of identity fraud in 2002, and a report released by the Federal Trade Commission last September puts the total losses to businesses and financial institutions in that year alone at nearly $48 billion. Identity fraud occurs when an individual's personal identifying information is used without his or her permission to make purchases, borrow money, obtain credit or violate the law. |
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