Identity Theft
What is identity theft?
Identity theft
is the term used to refer to the types of crime in which someone wrongfully
obtains and uses another person's personal data in some way that involves fraud
or deception, typically for economic gain. Anyone can fall victim to identity
theft. These acts can damage your credit status and cost you time and money to
restore your good name.
How can my identity be stolen?
The following includes some of the ways a threat actor may try to steal your identity:
- Steal wallets or purses in order to obtain
identification, credit and bank cards
- Dig through mail and trash to retrieve applications for
"pre-approved" credit cards, bank statements, tax documents, etc.,
that were discarded without being shredded
- Phish” for electronic information with phony emails, text
messages, phone calls and websites that are solely designed to steal sensitive
information
- Steal data or personal records through a data breach, or
purchase stolen data from a malicious third party
What can someone do with your identity?
With enough information about someone, a threat actor can take over that individual's identity to conduct a wide range of fraudulent activities, such as:
- File applications for loans and credit cards,
- Make withdrawals from bank accounts,
- Access online accounts
Types
of Identity Theft:
There are many types of identity theft that can occur. Some of the common ones include:
- Tax ID Theft
- Medical ID Theft
- Child ID Theft
- Account Takeover Fraud
What do I do if my identity gets stolen?
Call the companies where you know the fraud occurred.
- Place a fraud alert and get your credit reports.
- Report identity theft to the FTC.
- You may choose to file a report with your local police department.
How
do I protect my identity?
Experts believe that identity theft cases occur so often
that there is a new victim every 22 seconds. Please check out this comprehensive
guide and accompanying infographic to help you take proactive steps
to protect your identity.
If you receive a suspicious email, please report it to reportphish@gap.com
Additional resources:
United States Department of Justice Identity Theft Awareness
Equifax: How Does Theft Happen?
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