Posts Tagged credit card fraud

Five Ways to Prevent the Identity Theft Trap

Everyday we read in the newspaper that millions of people all over the world are becoming a victim of identity theft. Identity theft is a serious crime that is punishable by law. It happens when your personal information is stolen and used without your knowledge, it is use to commit fraud, steal or use your identity to commit other crimes.

Identity theft has become a global problem that occurs every minute, and since then this has been the banking industries problem. This is because, it involves major financial losses for the financial industry, as more and more people files for fraudulent transaction. In fact, the most common form of identity theft is the credit card fraud.

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Protecting Yourself From 5 Types of Identity Theft

Identity theft is real and it affects both adults and children. There are five types of identity theft that typically threaten and damage individuals and families. So, how do you protect yourself from one of the fastest growing crimes in America? Identity protection begins with understanding each of the five types of identity theft threats and taking precautions to minimize your odds of becoming a victim. While identity fraud can encompass a vast range of crimes, the five most common types of identity theft are character or criminal, drivers license, financial or credit, medical and social security.

Criminal Identity Theft, also know as character id theft, is when a person arrested or detained by a law enforcement officer for criminal activities uses your name and personal information as their own identity. This can affect your ability to obtain loans and the opportunity to get a good job.

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