Tags: Commercial Identity Theft, Criminal Identity Theft, Identity Theft, Medical Identity Theft, New Account Fraud
#1 New Account Fraud
Using another’s personal identifying information to obtain products and services using that person’s good credit standing. This fraud often requires use of the victim’s Social Security number. Opening new utility, cell phone and/or credit card accounts are the most prevalent forms of new account fraud.
#2 Account Takeover Fraud
Using another person’s account numbers, such as a credit card number, to obtain products and services using that person’s existing accounts or extracting funds from a person’s bank account.
#3 Criminal Identity Theft
Someone commits a crime under another person’s name. The thief, in the act of the crime or upon arrest, poses as the identity theft victim. Often the perpetrator will have a fake ID with the victim’s information but the imposter’s picture.
#4 Medical Identity Theft
The deadliest form of identity theft. Medical identity theft occurs when someone uses a person’s name and/or insurance information—without the person’s knowledge or consent—to obtain medical services or goods, or to make false claims for medical goods or services. Medical identity theft frequently results in erroneous entries being put into the victim’s medical records, which in turn may lead to inappropriate and potentially life-threatening decisions by medical staff.
#5 Business or Commercial Identity Theft
Using a business’s name to obtain credit or even billing those businesses’ clients for products and services. Perpetrators who commit business identity theft are often insiders — current or ex-employees — with direct access to operational documentation, who pad the books in favor of their scheming.
#6 Identity Cloning
Encompasses all forms of identity theft. The thief is actually living and functioning as the victim on purpose. They may be hiding in plain sight due to the fact they are running from the law, evading child support or they could be mentally ill.
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.
- ID Theft Ring Gleaned Socials From Medical Records
Robert Siciliano Identity Theft Expert Medical identity theft occurs when the perpetrator uses your name and in some cases other aspects of your identity, such as insurance information, to obtain medical treatment or medication or to make false claims for treatment or medication. As a result, erroneous or fraudulent entries wind up on your medical records,
- How to Protect Your Personal Data: 3 Things You Must Know
There are two kinds of identity theft you must protect yourself from: New account fraud: Refers to financial identity theft in which the victim’s personal identifying information and good credit standing are used to create new accounts, which are then used to obtain products and services. Stolen Social Security numbers are often used to commit new
- What Is Business or Corporate Identity Theft?
Business or corporate identity theft occurs when a thief uses an existing business’ name to obtain credit, or bills a business’s legitimate clients for products and services. Often, but not always, a Social Security Number of a company officer is required to commit business identity theft. Other identifiers, such as Federal IDs or Employer’s Identification
- Medical Identity Theft: Ins and Outs
Medical identity theft is the deadliest form of identity theft—and I say this without hyperbole or exaggeration. When financial gain is the general motivation for stealing medical information, insurance cards, records, etc., the crime is a form of account takeover fraud. Medical identity theft—the real kind—occurs when the thief’s motivation is obtaining medical procedures or
- National Protect Your Identity Week Facilitates Identity Theft Protection and Education
Robert Siciliano Identity Theft Expert A recent National Foundation for Credit Counseling (NFCC) survey conducted by Harris Interactive(R) revealed that 45 percent of all U.S. adults, roughly 101 million people, would feel at most risk for identity theft when making a purchase with a credit card that requires the card to be temporarily taken out of their
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