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One of the major identity theft categories is tax-related identity theft. The most common method is to use a person's authentic name, address, and Social Security Number to file a tax return with false information, and have the resulting refund direct-deposited into a bank account controlled by the thief.
4) Use an identity theft protection service: Identity theft companies can monitor personal information like your Social Security number, phone number and email address and alert you if it is being ...
Identity Crisis. Identity theft has become common in the United States. The Federal Trade Commission got 1.4 million reports of it last year as the pandemic worsened the trend.Incidents in 2019 ...
Identity theft is a major problem. According to the Federal Trade Commission (FTC), there were more than 650,000 victims of identity theft in 2019, making ID theft the most-reported type of FTC ...
Individual identity theft can be limited to a single person when the identity thief takes on the identity of that victim. [18] The reason for identity theft might include pleasure of entertainment, malicious hacking, settling revenge, or for political purposes of sabotage. Mass scale identity theft can involve political sabotage, financial and ...
In 2012, identity theft was blamed for $4 billion of fraudulent tax refunds by the Internal Revenue Service (IRS) [8] and 770,000 taxpayers have been the victims of tax identity theft by 2013. [9] A public-private initiative by the IRS and employers in 2016 resulted in a 50% drop in incidents of taxpayer identity theft reports.
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