What is Identity Theft?

Identity theft affects millions globally. Fraudsters steal identities through various methods, including physical theft by dumpster diving, stealing mail, or taking unwiped discarded devices like computers and phones. They also use social engineering, such as phishing, where they impersonate trusted entities to trick victims into revealing sensitive information. High-tech methods like malware and data breaches, where hackers steal information from large organizations, are also common.

To protect yourself, shred all documents containing personal identifiable information before disposing of them. Ensure all hard drives on electronics are wiped before disposal or donation. Never send personal information via email, as reputable organizations won't ask for it. If you receive a suspicious phone call, call back using the organization's official number to verify. Avoid unsecured public Wi-Fi and regularly check billing statements and credit reports for suspicious activity.

If you become a victim of identity theft, immediately freeze any affected financial accounts and your credit report. File a complaint with the Federal Trade Commission (if in the US) and report the incident to local authorities. More information on fraud like identity theft can be found at ACFE.com.