Identity theft is considered as the most prevalent crimes that affect a large number of people across the globe as it is an extremely fast growing crime that can cost you thousands of dollars. Whether you have used the internet for checking your bank account or you have used your credit card when on vacation, you can also become a victim of this kind of theft. Hence it is very important that you educate yourself about this kind of theft so that you can protect and safeguard yourself from this theft.

Causes of identity theft

When your personal information as well as other key pieces of information gets leaked to another person then they make use this information for stealing your identity. It usually takes place when a person uses your social security number to gain legal employment in country or someone uses your identity for gaining legal entry to any other country. Hence it is very important that you make sure that your identity is not stolen because becoming a victim of identity theft can damage your credibility and reputation. Thus it is very important that you protect yourself from this kind of situation so that you don’t have to face any of these consequences.

Types of identity theft

Financial identity theft is one of the most common kinds of theft in which your personal information is stole for setting up financial accounts in your name but without your knowledge and permission. They will set up a complete portfolio in your name which includes credit cards, bank accounts, loans and mortgages. Hence it is very important that you dispose all your personal as well as financial documents carefully to avoid being a victim of this theft.

Social security identity theft is also a very huge problem that affects a large number of people as it make use of your social security number that can be used for opening a bank account in your name. This is generally done by email scams or phishing, stealing mains and dumpster diving done by thieves. Therefore you should never provide your social security number to anyone on phone or internet because illegal miscreants are always on the prowl to steal your valuable information.

Medical identity theft is also a rise in which an individual without insurance undergoes medical treatment on your insurance policy. This can adversely affect your life and health insurance so be careful of these thieves.