Identity theft is a severe crime emerging these days. Anyone can be the next identity theft victim. The impact of identity theft on people is widespread. ID Theft is one of the fastest growing crimes in the world, specifically in the United States.
Financial Identity Theft definition states that it is a crime where a person steals another person’s financial information or personal data that leads to financial theft. The sole purpose of this type of theft is to steal a person’s identity in order to make transactions or purchases.
Identity theft is a growing threat among various groups of people. About 16.6 million US citizens became victims of identity theft in 2012. With the advancements in the technology, the criminals keep on generating new and advanced methods to steal identities of people.
Reporting identity theft at the right time is essential as it is a growing crime these days. Thousands of victims around the globe, have been facing too many losses may it be on the financial front or on the emotional front.