What AND rsquo;s it called if, for example, someone runs up your credit card line without your permission? Identity theft. ID theft isn AND rsquo;t necessarily someone going around impersonating you. But it is considered someone taking over your accounts.
Account takeover is also someone hacking into your computer and getting the password for your PayPal account, then sucking it dry. ID theft is an extremely common occurrence. The damage incurred by ID theft runs along a continuum, from light to heavy. At its worst it can:
Cost thousands of dollars to repair the fallout
Take months to fix this
Destroy reputation
Cause difficulty finding employment
Cause rejection of loan applications
Cause the victim to be arrested because the identity thief committed a crime in their name
There are tons of ways one can become a victim. It used to be that ID thieves would steal a wallet and gain information that way, or dig through your rubbish for bank statements. But these days, ID theft is prolifically committed in cyber space by thieves thousands of miles away.identity fraudidentity protectionIdentity Theftidentity theft protection
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