And how to prevent it
Identity Theft Definition
Identity theft happens whens someone illegally acquire someones passwords and financial information and using it to their then using it to gain money and purchase items.
How to Protect Yourself Against Identity Theft
Where to Keep Personal and Financial Information
Never carry your social security number, passport or birth certificate in your wallet or purse. When sopping or banking online, always use a secure website. This can be indicated by an "https" or a lock next to the websites URL. When you go to an ATM always make sure that there is a lot of people around, so that someone is less likely to try and steal your money. You should also always put your money and ATM card away immediately after getting it. With ATM receipts you should always shred them as soon as possible. Always keep your credit card on you. Never leave it laying somewhere, even if it is in your car.
A credit report includes your name, address, social security number, date of birth, and employment information. They also have all of your accounts, what type they are, when they were opened and the account balance. There is also a section that has a list of everyone who has had access to your credit report, for example places you've got loans from. If you've ever gone into bankruptcy, had a foreclosure, or been sued, those are also included on your credit report.