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- Identity theft is the crime of stealing someone's personal or financial information1234. Identity fraud is the use of this stolen information to impersonate someone and commit fraud152. Identity fraud can involve misuse of existing accounts or opening new accounts in someone's name53. Identity theft and fraud can cause serious damage to the victims' credit, finances, and reputation234. To prevent identity theft, it is advisable to protect your SSN and other sensitive data4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.If identity theft is the act of stealing personal, private, or financial information, then identity fraud is the use of this stolen information. This crime affects both the individuals whose identity has been stolen and the businesses where the stolen identity has been used to make fraudulent transactions.www.trueidentity.com/identity-theft-resource/identit…Identity theft and identity fraud are terms used to refer to all 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.www.justice.gov/criminal/criminal-fraud/identity-thef…Identity theft is the crime of obtaining the personal or financial information of another person to use their identity to commit fraud, such as making unauthorized transactions or purchases. Identity theft is committed in many different ways and its victims are typically left with damage to their credit, finances, and reputation.www.investopedia.com/terms/i/identitytheft.aspIdentity theft happens when a person illegally uses your personal information to commit fraud. Someone illegally using your SSN and assuming your identity can cause a lot of problems. There are several things you should do to prevent identity theft: Do not routinely carry your SSN. Never say your SSN aloud in public.www.ssa.gov/fraud/So there’s that subtle difference we mentioned. Identity fraud involves misuse of an existing account. Identity theft means the theft of your personal information, which is then used to impersonate you in some way, such as opening new accounts in your name.www.mcafee.com/blogs/privacy-identity-protection/…
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