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What is Identity Theft, and how can it impact you?

 

Identity theft refers to the specific crime in which someone wrongfully obtains and uses another person's identifying information for the purpose of perpetrating financial fraud or some other criminal activity.

Identity theft is usually done for economic gain, but has also been used by terrorists to obtain cover employment, finance their activities and avoid detection when carrying out their attacks.

There is clear evidence that identity theft is growing rapidly, due in large part to modern technology.  The RCMP deemed it the fastest growing crime in the world with 1 in 6 Canadians affected annually and losses estimated at $3 billion.  Identity theft is committed in every place associated with daily life. Methods include mail theft, stealing from residences and personal spaces, misuse of personal data in business transactions, phishing, and theft from company or government databases.

The victims of identity theft come from every age group and all segments of society, and often suffer financial loss, damage to credit ratings and reputation as well as emotional distress. Many are also left with the complicated and often arduous and expensive task of clearing their name and credit rating.

idAlerts can help you avoid being a victim of identity theft. For just pennies per day, you can be secure that your good name is being protected. Sign up now. Tomorrow may be too late. 


Did you know?  

 

•   That identity theft is the fastest growing crime in the world.

•   That victims spend an average of 600 hours recovering from identity theft,
     often over a period of years.

•   That even after the thief stops using the victim’s personal information; they
     continue to struggle with the impact of identity theft. That might mean increased
     insurance or credit card fees, inability to find a job, higher interest rates and
     battling collection agencies or issuers who refuse to clear records despite
     substantiating evidence of the crime.

•   That the emotional impact on victims is likened to the impact felt by victims
     of more violent crimes; including, violent assault and repeated battering


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