Identity theft is when thieves steal your personal information in order to take over or open new accounts, file fake tax returns, rent or buy properties, or do other criminal things in your name.
Identity theft occurs when someone gains unauthorized access to your personally identifying information – such as your name, Social Security Number (SSN), or bank account information – and uses it to commit fraud or other crimes. How Common Is Identity Theft? The Federal Trade Commission estimates that as many as 14.4 million Americans experience some form of identity in 2020. Of those victims, 23% had unreimbursed expenses due to fraud—almost three times as many as in 2018.
However, that number is subject to fluctuation as both crime fighting tactics and the methods that criminals use to steal identities evolve over time. A single statistic can’t really convey the full scope of the issue either.
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