The rapid evolution of technology has enabled fraudsters and hackers to grab more opportunities for conducting more frauds than ever before and none of us wants to be triggered by such nightmares mainly known as identity theft and frauds. These identity theft and frauds are entirely unpredictable and you never know when you will be trapped in one of them. Even if you have taken enough security measures to safeguard yourself from identity thefts and fraud, there is still a risk of such frauds. But using some preventive measures and third-party software can assure your safety from such threats.
Many people argue that both the terms Identity theft and identity frauds are somehow the same and, more precisely, interchangeable. Few of us are aware that they seem similar, but they are not the same. Identity theft and identity fraud are two distinguished crimes that have various impacts on the victim's credit score and finances.
What is Identity Theft and Identity Fraud?
Identity theft is the offense of accessing an Individuals' financial or personal data for committing frauds like suspicious and fraudulent purchases or transactions by using their identity. Identity theft can be perpetrated in various ways and the victims are usually left with a loss to their prestige, finances, and credit. Whereas Identity fraud refers to the misuse of stolen personal or financial information. The offense of Identity fraud influences both the people whose data has been hacked and the corporations where fraudulent purchases or transactions have been made with the stolen identity. Furthermore, the offenses can be committed by using identities that need not be of a living being or a real person.
Often, fraudsters sometimes use the dead's identity or generate false identities of individuals who have never practiced a crime. There are several types of Identity thefts and frauds, even some of them are lesser-known to many of us, leading to damage to prestige or personal finance if left undetected.
Types of Identity Thefts and Frauds
- Regularly monitor your account information and secure them with highly-encrypted passwords.
- You can file a police complaint about protecting yourself in the situation of Identity theft and fraud. You must ask the police officer to provide you with the copies for your reference and information about the same to the cybercrime cells, credit bureaus, etc.
- The victim can also use third-party software like Advanced Identity Protector for securing them from every type of Identity Theft and Fraud. The software will help the victim to scan out the identity traces by setting the scan preferences. Once the scanning process is completed, essential and confidential information can be transferred to the software's security vault.
I am Gajendra Singh and a professional writer who loves to write about the latest technology, machine learning, problems of Windows, Android, Mac and iPhone. Now I am working at Systweak Blogs.
