Computer crash or data loss because of viruses can be a big headache. But what about Identity theft?
Do you need to worry about it?
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As per the estimates released by most government agencies, this is definitely something to worry about.
The Federal Trade Commission estimates that millions of Americans have their identities stolen each year.
Not Easily Detectable
In several cases you’re not aware of the theft until contacted by officials or perhaps a bill collector.
If you’re fortunate enough to discover your identity has been stolen and report it quickly, most cases are resolved quickly.
But if it Is not, it gives the thief lots of time to do irreparable damage to your credit standing and charge thousands of dollars in your name.
It could cost you several hundred dollars and weeks to repair the damage done.
In some cases the harm is never completely rectified.
What is Identity Theft?
Identity theft is defined as a form of fraud.
The thief pretends to be someone else and using that person’s identity he or she can obtain money or gain other benefits.
He’s now able to access anything you could access and spend as much money that’s available in your name.
As far as other people know, it’s you who’s using your name and you can be held responsible for the criminal’s actions.
Various Categories
Authorities have categorized identity theft into four different areas:
Easy with Today’s Technology
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Technology has made life easy for us, but it also has made it easy for the crooks. With today’s high tech methods, identity theft is easier than ever before.
Here are some of the methods used:
Of course, these are just few of the methods used.
Precautions
Here are things that you can do to safeguard yourself:
To Conclude
Identity theft has become increasingly serious with easy access and over dependence on technology. Add to that the growing problems of illegal immigration and terrorism, and it only gets worse. You may think you won’t be a victim and it only happens to someone else, but the reality is different. It is better to be vigilant as Identity theft can happen to anyone.
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