The best way for a person to detect identity theft is to keep track of their bank account and credit card transactions, and to check his credit report often. Because nobody thinks to obtain a child’s credit report, this crime may go undetected for many years. Child identity theft may be committed by a family member or friend, but strangers might use the numbers to apply for loans, obtain credit cards, and even obtain a driver’s license. These social security numbers are valued commodities for fraudsters, as they have no information associated with them. The IRS requires that all children claimed as dependents on a parent’s income taxes have their own social security numbers. The perpetrator’s medical information would be entered onto the victim’s medical records, and thus exposes the victim to financial losses for medical bills and insurance costs. ![]() This involves an individual obtaining medical care under another person’s name, using the victim’s name and birth date, and possibly even his insurance policy information. The term medical identity theft, coined in 2006, is a form of insurance fraud. Instead, it may create an entirely new credit report file, or appear on the victim’s report as a sub-file. This type of identity theft is difficult to track, as it may not appear on either person’s credit report. This is done by combining an individual’s real social security number with a phony name and made-up date of birth. This crime involves the creation of a completely or partially fabricated identity. When this occurs, it may be difficult for the victim to clear his name completely, as it is an extensive process that involves the court system. Criminal identity theft might enable the perpetrator to commit a crime under the victim’s name, leaving the victim holding the bag. It is also illegal for a person to possess another person’s personal identifying documents with the intent to commit fraud.Ĭriminal identity theft occurs when a person identifies himself as another person to avoid detection by law enforcement, to evade arrest, or to evade prosecution for a crime. ![]() The Act makes it illegal to possess or knowingly transfer or use another person’s personal identifying information without specific lawful authority by that person. Congress enacted the Identity Theft and Assumption Deterrence Act in 1998 in response to the significant and continuing rise in incidence of identity theft. Department of Justice aggressively prosecutes identity theft cases under federal laws. ![]() Identity Theft LawsĮach state has laws that define and punish the crime of identity theft. This is why it is important for each person to have an identity theft protection plan. Most frequently, the victim does not realize that the crime has occurred, or that his information has been stolen, until he begins to see strange charges on his credit cards, or applies for some type of loan, and is unexpectedly denied. ![]() Once a victim’s identity has been assumed, the perpetrator uses the information to access the victim’s financial assets or other resources. Information that might enable someone to obtain credit, make purchases, and even empty bank accounts includes the victim’s name and address, email address, social security number, date of birth, drivers license number, and other information. With certain identifying information, dishonest individuals can assume the identity of another person, to act in his or her name to obtain financial gain. Noun The act of fraudulently obtaining and using another person’s identifying information or personal financial documents, such as a credit card or bank account, usually for the purpose of financial gain.
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