If identity theft is the act of stealing personal, private, or financial information,
then identity fraud is the use of this stolen information.
Not exact matches
Often, that translates to employees on the front lines stealing patient medical data or client social security numbers, which can
then be sold on the black market or used to commit
fraud like collecting someone else's social security benefits, opening new credit card accounts in another's name, or applying for health insurance by assuming the
identity of someone else.
If a dating site required a verification of
identity for each member,
then the system would work better as
frauds (hopefully) would be denied access.
They
then use this to commit
identity fraud.
One data breach can expose your Social Security number to fraudsters who can
then use it to commit
identity fraud.
If there's a drastic change,
then you know that you may have suspicious activity reporting — things like
fraud or
identity theft.
Last, call local law enforcement to file an
identity theft report and,
then request an extended
fraud alert from the credit bureaus.
If you don't recognize the credit inquiry,
then you know that you need to resolve
identity fraud.
If you receive a letter notifying you that your information was involved in
identity fraud, confirm that the letter is legitimate and
then place a
fraud alert on your credit report to make sure lenders know to take extra precautions to verify your
identity when someone applies for credit in your name.
It's probably no wonder
then, that Americans become victims of
identity fraud every 2 seconds.
It beats that awkward conversation about how you can take cash but you probably shouldn't take a check because of all the
fraud that's been going around, and
then you lose the sale because you basically called your potential buyer an
identity thief.