What is identity theft?

Identity theft is the acquisition of someone else's information for fraudulent use. This typically involves obtaining personal data such as names, Social Security numbers, credit card information, or bank account details without the individual's consent. The perpetrator then uses this information to impersonate the victim, which can lead to financial loss, damage to credit ratings, and various legal complications for the victim.

By stealing personal information, identity thieves may open new accounts, make unauthorized purchases, or commit other types of fraud, all under the victim’s name. The act is inherently deceptive and exploitative, aimed at gaining financial benefits at the victim's expense. This definition is critical as it underscores the serious implications of identity theft and highlights the need for stringent security measures to protect personal data.