What is identity theft?

Identity theft is a form of fraud where someone wrongfully obtains personal information and uses it for their own gain, often without the victim's knowledge or consent. This information can include social security numbers, credit card details, bank account information, and more. Identity thieves may use this stolen information to make fraudulent purchases, open new accounts, obtain loans, or commit other acts of financial or personal harm. Victims of identity theft may suffer from damaged credit scores, financial loss, legal issues, and emotional distress. It is crucial to protect personal information, monitor financial accounts regularly, and promptly report any suspicious activity to authorities to prevent and mitigate the consequences of identity theft.