identity theft insurance

Identity theft (or identity fraud, iJacking) occurs when someone wrongfully acquires or uses another person's personal data, typically for their own financial gain. [1] Sometimes it is referred to as "identity fraud" since the criminal impersonates rather than 'removes' the victims identity.

Most commonly, this term is used in relation to credit card fraud although mortgage fraud and other kinds of financial fraud are common. Less commonly, it is used to enable illegal immigration, terrorism or espionage. It may also be a means of blackmail if activities undertaken by the thief in the name of the victim would have serious consequences for the victim. There have also been cases of identity theft for the purpose of obtaining medical treatment, or for evading criminal prosecution. Identity Theft Insurance Identity theft insurance is becoming a popular choice with consumers who are Many identity theft insurance policies will cover.

Techniques for obtaining information include :

Identity theft is not possible without serious breaches of privacy. If corporate or government organisations do not protect consumer privacy, client confidentiality and political privacy the execution of identity theft becomes much easier for criminals. [2]

Spread and impact of identity theft

Surveys in the USA from 2003 to 2006 showed a decrease in the total number of victims but an increase in the total value of identity fraud to US$56. 6 billion in 2006.