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Last Updated August 4, 2008 |
Research shows that between eight and nine million Americans have their identities stolen each year. Although the median financial loss is only about $500, some people lose far more. What Is Identity Theft?Identity theft occurs when a criminal uses the personal information of another person to commit fraud. The information that is stolen may include credit card information, bank account information and checks, as well as social security numbers and other identifying information. The criminal activity may include charging items to an existing account, establishing new accounts, renting an apartment or even committing a crime under the stolen identity. |
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