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identity theft

Definition

Obtaining a person's personal and financial information through criminal means. A thief uses this information for illegal purposes, such as to make purchases using the victim's name. Thieves can find information through discarded credit card or bank statements that are not destroyed, and can find the information online in customer databases.

Featured Tip

5 Common Ways to Protect Against FraudHere are basic precautions against identity theft, check fraud and other financial scams:
1. Be wary of requests to "update" or "confirm" personal information -- especially your Social Security n ... Read more