123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

A Brief Look At Identity Theft

Profile Picture
By Author: Jesse Whitehead
Total Articles: 130
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Have you had your identity stolen and found that some unknown person(s) is pretending that they are you? Have the individuals who used your personal identifying information without your consent or knowledge, been able to steal your money or benefit monetarily in some other ways? If so, then you are among the ever-growing numbers of victims whose identities are stolen every day.

Even though the term identity theft suggests that your identity has been stolen, in truth it is not possible to actually "steal" a person's identity--although it is possible to make illegal use of it. When somebody misuses another person's identity, it can cause that other person to suffer serious financial loss, a compromised credit rating, and even a damaged reputation. Even worse, it can land them in serious legal trouble, as they could be held accountable for criminal acts committed in their names by the identity thieves.

There are several different kinds of identity theft, including theft of business and/or commercial information, criminal I.D.theft, financial theft of identity, cloning of identity and even medical identity theft.

One ...
... should take care to distinguish identity theft from identity fraud. Even though people tend to think of both as being one and the same, in reality, identity fraud is the consequence of identity theft, and is therefore not the actual theft of identity. This means that even though someone may steal a person's I.D.information, identity fraud is not actually committed if the information is not used.

The main purpose for stealing an identity is to commit crimes and fraudulent acts of all sorts. Examples include using stolen identities to provide phony identification documents for employment of illegal aliens, committing acts of domestic terrorism, and carrying out political and industrial espionage.

Perhaps one of the most damaging forms of identity theft is the act of identity cloning to attack payment-processing systems such as those used to for processing credit cards and medical insurance claims. To commit such a form of I.D theft the thief must be able to obtain the victim's personal data or documents, which the imposter can use to impersonate that person and commit fraud.

A fictional case of such theft was popularized in the book "The Day of the Jackal" in which a person trying to assassinate French President Charles De Gaulle steals three different identities. In real life, two of the most famous modern day identity thieves are Radovan Karadzic, former president of the Bosnian Serb republic, and Michael Sabo who used over 100 fake identities in his career of forging checks, and stock and bond certificates.
Jesse Whitehead lives in the San Joaquin Valley of California with his family. He enjoys writing articles on a variety of different subjects. His newest interest is in rotary phase converters. Learn more about rotary phase converters at Rotary Phase Converters.org

Total Views: 210Word Count: 480See All articles From Author

Add Comment

Business Articles

1. Finding A Trusted Sustainability Consultant In Abu Dhabi
Author: Agile Advisors

2. Iso Certification In Dubai – Advantages For Business
Author: Agile Advisors

3. Best Forex Brokers List | Best Broker For Forex Trading 2024
Author: Top Forex Brokers Review

4. Celebrate Achievements With Customized, High-quality Awards From Trophy Deals
Author: Trophy Deals

5. Is 100% Company Ownership Possible For Expats In Saudi Arabia?
Author: jodonjo

6. We Are Hiring: Senior Executive - Indirect Taxation In Gurgaon!
Author: tanvir Khan

7. Ceratec Tower 1o8: The Eventual Fate Of Business Greatness In Balewadi, Pune
Author: Tarun

8. Enrofloxacin Manufacturer: Swisschemie
Author: Swisschemie

9. Ultimate Guide To Hotels In Mussoorie: Discover The Best Places To Stay, Including Hr Hotels And Resorts
Author: Hr Hotels and Resort

10. How Quickly Do Fast Cash Loans Online Pay Out Cash On The Same Day?
Author: Lucy Lloyd

11. Leading Digital Marketing Agency In Hyderabad And Unlock Your Brand’s Potential With Sanbrains Agency
Author: Sanbrains Seo

12. Celebrate Success With Customized Awards From Trophy Deals
Author: Trophy Deals

13. Title: Choosing The Right Humidity Stability Chamber Supplier For Your Manufacturing Needs
Author: bio gene

14. Complete Guide To Studying Mbbs In Poland
Author: Mbbs Blog

15. What Is The Process For Locating The Best Lender For Short Term Loans Online?
Author: Robert Miller

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: