Identity theft occurs when someone knowingly transfers or uses, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of Federal Law, or constitutes a felony under any applicable state law.
There are two types of identity theft: "true name" and "account takeover" fraud. True name fraud occurs when someone uses another's name to fraudulently obtain benefits or services. Account takeover occurs when criminals gain access to a person's existing account and makes fraudulent charges.
Identity theft can happen to anyone. There are several common techniques used to commit identity theft. Criminals conduct "dumpster dives" where they search garbage to get copies of checks, credit card and bank statements, credit card applications and other types of records that typically bear identifying data. These records are then used to obtain new accounts or to assume control over existing accounts. "Shoulder surfing" occurs when a criminal peers over a victim's shoulder as he/she enters conducts confidential personal business. And last but not least, is a simple but effective technique of eavesdropping. .
Identity theft effects us all. It can take up to three years and several thousand dollars in legal bills to restore your credit and good name. In 2000, an estimated 500,000 to 700,000 people were victimized by identity theft. Protect yourself and your organization from theft -- contact a security professional today.
