One of the largest areas of fraud is credit card fraud, which can involve
creating fake credit cards, using someone else's credit card information and unauthorized possession of a credit card.
With the extraordinarily detailed and sensitive information that hackers and their customers may now possess on millions of Americans — Social Security numbers, driver's licenses,
credit card numbers, home addresses and more — they may be able to
create fake identities that are credible enough to fool banks and other lenders into granting home equity lines of
credit and other mortgages in their names, making off with thousands of dollars in the process.