What Is Online Identity Theft?

Identity thieves often obtain personal information such as passwords, ID numbers, credit card numbers, or Social Security numbers and misuse it to commit fraud in the victim’s name. They use these sensitive details for various illegal purposes, including applying for loans, making online purchases, or accessing the victim’s medical and financial data. Criminals can also use public profiles on social networks or other popular online services as data sources, enabling them to impersonate their targets. Once identity thieves have collected this information, they can order goods, take over the victims’ online accounts, or take legal action in their name. In the short term, affected individuals may suffer financial losses from unauthorized withdrawals and purchases made in their names. Even normal browsing activities, such as clicking on an enticing ad or filling out a form for downloadable content, can lead to online identity theft when users aren’t aware of potential risks.

How to Prevent Identity Theft?

To prevent identity theft, you should be mindful of your personal information and take steps to protect it. Be cautious when sharing your Social Security number, credit card numbers, and other sensitive details. Use strong, unique passwords for all online accounts, and consider enabling two-factor authentication for an extra layer of security.

How Do People Commit Online Identity Theft?

Scammers often commit online identity theft by using phishing emails to trick victims into providing personal or financial information. These phishing emails can be deceiving, as they may appear to come from a known or trusted company, such as a bank or an online retailer, and use various tactics to lure victims into clicking a link or opening an attachment.

What Are the Dangers of Online Identity?

Identity thieves can damage your credit rating and other personal information by stealing your passwords, account numbers, and Social Security numbers online. You can avoid these risks with the right internet protection services and by learning how to prevent different types of identity theft.

What Is the Punishment for Online Theft?

Those who fraudulently or dishonestly use another person’s electronic signature, password, or any other unique identification feature may face imprisonment for up to three years and fines of up to one lakh rupees.

What Happens When Your Identity Is Stolen Online?

When identity thieves obtain your personal information, they can drain your bank account, run up charges on your credit cards, open new utility accounts, or receive medical treatment using your health insurance. They might even file a tax return in your name and claim your refund.

Why Do People Steal Identity Online?

Cybercriminals use stolen information for illicit or illegal activities. Once they receive your personal information, they can steal money, open credit cards and bank accounts in your name, or sell it to other parties for illegal purposes.

Can Identity Theft Be Traced?

You can sometimes trace identity theft through changes in your credit score. For example, if someone takes out utility bills in your name and doesn’t pay them, your credit score may dip. Checking your credit report from the three major credit bureaus—Equifax, Experian, and TransUnion—can help identify the problem.

How Long Will Identity Theft Last?

The Federal Trade Commission (FTC) estimates that recovering from identity theft can take approximately six months and 200 hours of work. This time frame reflects the effort required to ensure the victim is not held responsible for the incurred debt.

What Are the Effects of Identity Theft?

Identity theft can have various effects, from fake social media accounts to child identity theft, with consequences ranging from short-lived disruptions to long-term impacts. Financial damages may include a deteriorated credit score, canceled credit or debit cards, closed bank accounts, and the need to open new accounts.