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Identity theft is the concept when a thief steals the identity of a victim and portrays oneself as the victim's identity. Identity theft has many implications both on a small and large scale. Individual identity theft can be limited to a single person when the identity thief takes on the identity of that victim.
Identity fraud. Identity fraud is the use by one person of another person's personal information, without authorization, to commit a crime or to deceive or defraud that other person or a third person. Most identity fraud is committed in the context of financial advantages, such as accessing a victim's credit card, bank accounts, or loan accounts.
Identity theft deliberately uses someone else's identityas a method to gain financial advantages or obtain credit and other benefits. [2][3]The person whose identity has been stolen may suffer adverse consequences,[4]especially if they are falsely held responsible for the perpetrator's actions.
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Several factors worked in our favor, she said. In New York, the total amount stolen — which ended up being $11,300 — made the crime a Class D felony, which includes thefts of more than $3,000 ...
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Theft of personal property was responsible for 78% of the cases of identity fraud with online issues or data breaches only accounting for 14%. Show comments Advertisement