What is identity theft? Definition, how it happens and the different types
Identity theft is a term that covers a variety of crimes in which someone steals another person’s personal information.
About the author
Lance Davis is the former Vice President of Content for Bankrate, where he oversaw content for home lending, deposits, investing, consumer lending, insurance, credit cards and small business. Lance led a team of more than 70 editors, reporters and publishers who were dedicated to creating content that helped readers make smarter financial decisions.
Lance started at Bankrate as a copy editor in 2013, where he learned the finer points of personal finance while reading almost every article before it was published. In this role, Lance saw how small moves today can have a big impact on your financial future. He developed a passion for sharing these lessons to help others budget their money, buy a house, save for retirement and more.
When he’s not reading Bankrate articles or playing around on the retirement calculator, Lance enjoys spending time with his wife, Sarah, and French bulldog, Honey. He dreams of being able to retire early and buy a home on a beach.
Lance earned his bachelor’s degree in journalism from Auburn University in 2013.Lance Davis' recommended readings:
How to start (and build) an emergency fund
How to save for retirement
How to start investing in 2023
Small moves today can have a big impact on your financial future.
— Lance Davis
Identity theft is a term that covers a variety of crimes in which someone steals another person’s personal information.
Look for a plan with a reputable provider that offers services that make you feel confident.
If you discover the breach early and act without delay, you could minimize the damage.
Here’s a breakdown of where identity theft occurs most often, according to FTC data.
You can report ID theft to the FTC and your local police department.
This includes services that help shield people from the illegal capture of their personal data.
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Online banks offer a number of benefits, and they’re just as safe as brick-and-mortar banks.