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Your name, credit history and bank account information is worth big bucks to criminals who want to benefit from your hard work. Identity theft cost people and businesses more than $10 billion in 2022.
The Identity Theft Resource Center said there were 662 data breaches in the United States in 2010, almost a 33% increase from the previous year. [19] Between January, 2015 and September, 2017, the Identity Theft Resource Center estimates that there were 7,920 breaches affecting more than one billion records that could lead to identity theft. [18]
Hacks that expose the personal financial information of Americans soared to a record high of 3,205 in 2023, according to the nonprofit Identity Theft Resource Center. That total includes breaches ...
The term identity theft was coined in 1964. [1] Since that time, the definition of identity theft has been legally defined throughout both the UK and the U.S. as the theft of personally identifiable information. Identity theft deliberately uses someone else's identity as a method to gain financial advantages or obtain credit and other benefits.
Identity theft has certainly taken a lot of my time to fix problems and restore my accounts to their pre-theft condition. I have learned a lot along the way about what to do when you become a ...
Identity theft is the unauthorized use of another's personal or financial information to defraud an individual or entity into obtaining goods or services. The term 'personal or financial information,' typically refers to a person's name, address, credit card, bank account number, Social Security number, or medical insurance account number.