Pros And Cons Of Identity Theft

Words: 319
Pages: 2

Identity theft is where criminals obtained personal information of someone, like their date of birth, mother’s maiden name, bank account numbers, your pet’s name and so forth. These personal details are commonly used as security questions by companies for you to prove who you are over the phone. So, if the thief can answer those questions there is a good chance they will succeed in impersonating you. This is a terrible thing as they could purchase things in your name, take out loans or even take all your money from your account.
Identity theft can be categorized in two different ways:
Firstly, it can be the true name of the victim and then account takeover.
Secondly, it could be true name identity theft which means that the thief can use your