The 2017 Identity Fraud Study, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016, compared with $15.3 billion and 13.1 million victims a year earlier.
Nearly 36.6 million data records were compromised in India last year, a 14 per cent rise as compared to 2015.
What is Identity Theft?
Identity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person's name, and perhaps to the other person's disadvantage or loss. Thieves try to find such information as full name, maiden name, address, date of birth, social security number, passwords, phone number, e-mail, and credit card numbers & use them to obtain illegal financial gains.
HOW DO THEY DO IT?
Stealing personal information from computers using breaches in browser security or malware such as Trojan horse keystroke logging programs or other forms of spyware
Hacking computer networks, systems and databases to obtain personal data, often in large quantities.
Exploiting breaches that result in the publication or more limited disclosure of personal information such as names, addresses, Social Security number or credit card numbers.
HOW CAN YOU PROTECT YOURSELF?
To protect yourself and family from this, either you can use Identity Theft Insurance Or Identity Protection Service, which in the long term will prove to be smart step in the right direction.
Find out more about identity theft and what steps to take to protect yourself.