3 Types of Identity Theft To Watch Out For

id theftIdentity theft is not an unknown term anymore as the number of identity theft cases are growing over the days. It is very important to know more about it so that you are safe. Most people who become victims of identity thieves are unaware about it. When a person does not know about a problem then he will most probably fall into it. If he would have been aware of the same then he would find solutions beforehand so that he does not get victimized by identity theft.

There are more ways than one you can become a victim of an identity thief. It is important to know that not only rich people are vulnerable to be victimized but anyone can become a victim. Following are some of the ways in which an identity thief can steal your identity.

1. Financial Identity Theft

The most common type of theft carried out by identity thieves is the financial identity theft. In fact, when you mention the term �identity theft’, the financial one comes to the mind at first due to its commonness. Here, the thief may steal the identity in two ways – first, he can illegally access the bank accounts and credit cards of a person in order to withdraw money; second, he can apply for a new credit card or get a loan sanctioned in stolen identity. The end result of either of the two might be very devastating for the person whose identity has been stolen.

2. Driver’s License Identity Theft

Another form of identity theft is done by stealing driver’s licenses. There are many pickpocket persons who are on the lookout for people with a license. There are also instances where drivers drop their license on the road or at the mall. People with ulterior motives take the cards in their custody and they use it illegally. They may also sell off the licenses to people who look similar to the person the card belongs to. Therefore, it is very important to keep your license safely.

3. Social Security Number Identity Theft

The importance of Social Security Number (SSN) is high, so it is also important to keep it protected. There are identity thieves that are on the lookout for SSN of different people so that they can fulfill their motives of stealing others. They can misuse the information in order to get credit cards or loans. They may even apply for a passport which will allow them to fly in the name of others.

This entry was posted in Finance.