Identity theft is something that people have to protect themselves from, to avoid loss of possessions. However, without familiarizing yourself with specific strategies, it is difficult to discern instances in which it may occur. Thus, you should learn more about the following types of identity theft:
Oh, here it is, the most common type of identity theft, financial. Usually, the identity thief will try to steal a credit card, a loan, or purchase things by claiming to be another person. For the victim’s credit score and chances of getting a loan in the future, this kind of identity theft is damaging. As for how you can protect yourself, you can at least check your credit history frequently to check the integrity of the information. If you find any strange transactions and inquiries against you, then it indicates that someone else had access to your financials.
When suspects give away false information to the police once they are arrested, it counts as criminal identity theft. At times, criminals will acquire state-issued IDs via someone else’s credentials or a fake ID. What makes it worse is that there is a possibility that charges end up falling on the identity theft victim, while the real criminal gets away scot-free. Lastly, victims may suddenly find themselves receiving a court summons without knowledge of what went on.
When others use another person’s identifiable information to obtain medical service, insurance, and drugs, it falls under medical identity theft. Resolving these types of crimes are quite costly and complicated. Also, it ruins medical records by adding fraudulent data and results which may be difficult for the victim to process. Lastly, such inaccurate records are difficult to correct and may hinder attempts at acquiring insurance coverage and medical care provision.
Some identity thieves impersonate someone else for the sake of hiding their true identity. Various reasons drive people to do this, such as those who are hiding from creditors, some illegal immigrants, and those who want to live anonymously. Unlike financial identity theft, identity cloning tends to remain hidden for a long time without detection. Even worse, some identity thieves get their false credentials for passing authentication tests, and it becomes more complicated thereon.
For synthetic identity theft, thieves combine a real Social Security number and a fake or mismatched name and birthdate. These are quite difficult to recognize since they do not show up on the credit reports of victims. What tends to happen is that the credit report turns into a new file in the credit bureau. Primary victims tend to be creditors who grant lines of credit.
Replacing Stolen IDs
If ever someone steals an ID of yours, you should opt for replacements immediately. And if you are managing a company, ID replacements become easier if you have ID making services. Read more about them online, as there are various services available.
There are many types of identity theft, and if you are aware of them, it is easy to identify when you are about to become a victim. Also, if you or anyone you know’s ID is stolen, particularly if it is for work, opt for a replacement immediately.