What is Identity Theft
Your identity is highly valuable and you need it to function in everyday life. Organisations need to verify your identity before opening new accounts or issuing goods / services.
Everybody has a unique identity in terms of DNA, fingerprints and physical appearance which cannot be easily replicated, but typical identity verification processes involve simple details such as name, date of birth, address, and mothers maiden name combined with documentation like utility bills, financial statements, payslips etc. Such details and documentation are shockingly easy to obtain, allowing someone else to impersonate you and steal your identity. A sophisticated Identity Thief can then use your basic personal details to obtain more convincing forms of identification such as Passports, Driving Licences and replacement Birth Certificates.
Identity Theft - is the misappropriation of the identity (such as the name, date of birth, current address or previous addresses) of another person, without their knowledge or consent.
Identity Fraud - is the use of a misappropriated identity in criminal activity, to obtain goods or services by deception.
How Identity Theft Happens
Mailbox Raiding & Dumpster Diving
Thieves get personal information from discarded mail and statements.
Phishing
Thieves send emails pretending to be from a business you trust to get your personal information.
Corporate Data Breach
Businesses you trust can be compromised by hackers or employee errors.
How Identity Theft Affects You
Damaged Credit
Your credit rating can be ruined when thieves open accounts in your name.
Financial Loss
Your financial accounts can be drained by thieves pretending to be you.
Criminal Record
If an identity thief gives your name and personal information when he or she is arrested, the crime goes on your record.