How does Identity theft Effect You?

What is Identity Theft and How Can It Affect Me?

Identity theft is a serious crime affecting as many as 10 million Americans a year (as estimated by the Federal Trade Commission) and accounting for the loss of $221 billion a year worldwide (as estimated by the Aberdeen Group).

Identity theft occurs when someone uses your personally identifying information (like your name, social security number, or credit card information) to pretend to be you. The identity thief does this for his own personal gain at the expense of his victim.

This is fraud and it could result in serious consequences for the victim such as bad credit reports or even warrants for the victim's arrest, depending on what the thief chooses to do with the victim's personal information.