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There are 8 Types of Identity Theft Including Online and Offline
With so much of our information being on the web, criminals have lots of methods they use to steal our identity. They are crafty and use many types of techniques. It is your responsibility to act in a manner that will protect you from both online and offline identity theft. You need to know how to protect yourself from online identity theft.
You must be aware of the common habits and behaviors you have that make it a simple task for criminals to steal your identity. A single piece of data about us may not seem like much, but as criminals piece together several pieces of information they are able to use it to commit one or more of the types of identity theft.
In order for you to stay aware of how criminals commit identity theft, you need to know what the different types of identity theft are. This article outlines the different types of identity theft and how it happens. By knowing the different types of identity theft you can be aware of the importance of your personal and sensitive information.
What are the 8 Types of Identity Theft
1) Takeover of an Existing Account Identity Theft — This is a widespread problem. By taking over an existing account they can use the stolen identity to make credit card charges, transfer funds, and other things depending on the type of account. This type of theft can be detected by checking your accounts on a weekly basis.
2) Inheritance or Estate Identity Theft — This is when the identity of a deceased person has been stolen and is then used to empty bank accounts, a pply for new loans, or reroute, or obtain federal benefits. This type of identity theft can harm family members and friends of the deceased.
3) Synthetic Identity Theft — This is where criminals will use a combination of real data and made-up data to create a single fake identity. This type of identity theft mainly hurts banks and retailers, but if they happen to use your social security number it will harm you.
4) Medical Insurance and Services Identity Theft — This can affect the validity of your medical records, create bills in your name, and interfere with future medical insurance applications. This type of identity theft can be hard to detect.
5) New Account Creation Identity Theft — Criminals use a variety of techniques to open a new account under your name. Since you’ll never receive a statement on this account you won’t know it exists. To defend against this type of identity theft it is recommended to use a credit monitoring service. This way you will be notified when a new account has been applied for.
6) Employment Identity Theft — A person that has a criminal record or bad credit may use someone else social security number to get a job, using your name also. This type of identity theft can affect taxes and social security benefits. This type of theft can be spotted by monitoring soft inquiries within your credit reports.
7) Your Childs Identity Theft — Even the consumers that regularly check their accounts and credit reports often forget to make inquiries concerning their children. This, if undetected can go on for years and be totally unnoticed until the youngster is old enough and applies for some type of loan, School, etc. If you receive any tax notices concerning your child or are declined government benefits contact a credit bureau and conduct a manual check for the child.
8) Tax Identity Theft — Once a criminal has obtained your personal information filing a fake tax return is a way for the criminal to get what they’re after. There reward is receiving a refund that was meant for you. One is one of the more common types of identity theft.
How to Report Identity Theft
You can Report identity (ID) theft to the Federal Trade Commission (FTC) online at IdentityTheft.gov or by phone at 1-877-438-4338. This is where you start. They offer the resources to help you recover from the different types of identity theft.