Identity Theft

Identity theft means using someone personally identity such as name, phone number, address or credit card number without any authorization to commit fraud.

There are three types of identity theft:

1. financial identity theft: once they have your personal information, identity theft use it to open new credit card accounts in your name. They will use the card to purchase goods and services without ur acknowledgement.
2. criminal identity theft: identity theft use the information obtained to commit criminal such as create counterfeit checks by using victim's name and account number.
3. identity cloning: the identity theft using victim's identity as their own identity to get a job which they unable to get it. Once they got the job, they could get access into forbidden zone which they wish to.

In order to prevent your identity was stolen by the identity theft, the best way to find out is to monitor your account every month. If you able to check your accounts every month, you might able to minimize the financial damange.

While you identify that your identity has been stolen, immediately go to lodge a police report and contact your bank to inform them about the identity theft and ask them to block all the transaction availability. After that, proceed to the nearest branch of the bank and change all the credit card as well as the bank account number.