There is a lot of talk in the news media about identity theft. But until you have been the victim of identity theft or been accused of doing it, you may not realize exactly what the term means.
Simply put, identity theft means the fraudulent obtaining of another person’s personal information for some sort of personal gain, usually financial. Typically stolen data include social security numbers and ATM PIN codes. The person then uses the data to gain access to the victim’s assets, obtain loans in the victim’s name and so on.