It seems like it was long ago before the appearance of the spreadsheet and the notion of word processing, and while things took a little longer back then, crime was a little easier to detect. For someone to steal money from a bank, they had to get in and out, either through an armed robbery, or by physically infiltrating the facility, all of which gave security forces a chance to detect and apprehend them. With the computer and the internet available, you need to be a member of a identity theft protection service to even know that your bank account is in danger of being cleaned out. If professional protection services are the route you think would suit your needs best, I would suggest checking out this Identity Truth Review.
The very means we use to communicate with one another, conduct banking transactions and do research in the modern world places us at risk for identity theft. Every time we log on to an information system that is connected to the internet, either hard wired or thorough Wi-Fi, we are vulnerable. Certainly we take care to employ security, but the strength of those security measures against a dedicated identity thief is inadequate.
The damage that an identity thief can cause is greater than the funds you may have in your accounts. By applying for credit in your good name, they can receive through the mail a large number of different cards from many institutions more than happy to get you as a customer. Then simultaneously executed, they can get cash, products and services well in excess even of the amount authorized on these cards. Be sure to research identity theft services as much as you can, as this is the best way to avoid becoming a victim.
These types of criminals have the scam down to a science, ensuring they get the maximum amount of funds from you they possible can. Instead of taking your money up front, which you would probably discover sooner rather than later, they begin with the credit accounts that have a month long cycle. They can run these to beyond their maximum, since your credit makes the bank forgive such transgressions temporarily, then when the financial institutions finally become alarmed and freeze the accounts, they go after the funds you have in the bank.
Once your identity is compromised, it can be reused by more than one person. Providing identity papers to illegal immigrants and other people who have a criminal background is a booming business, and one identity can be resold in many different places, making you vulnerable to the actions of many different individuals you have never met. Depending on what these people do in your name, you could be subject to austere actions by the police, homeland security and prevented from many types of financial endeavors.
Another identity theft problem increasingly occurring is the substitution of your data for another individual seeking medical care. Someone with your identification admitted to a hospital for emergency treatment will automatically allow this individual to fraudulently receive care under your health coverage. In addition to the expenses you have to try to avoid, the medical data the medical community now has connected to your identity could cause life threatening situations if you needed treatment.
A new twist on the stealing of identities is targeting children. The identity of a child will sell for many times more than an adult identity because it can be used for much longer, which could allow an illegal immigrant a much longer secure status. If the child identity is used by someone who commits crimes, fraud or trading credit for cash, the crime can remain undiscovered for more than a decade.
Identity theft is a crime causing the loss of money, reputation, even the loss of health care, and it is not an easy matter to return to the status one had before the crime. The hurdles are many and steep, starting with the damage to the reputation, which makes recovering any of the other losses all the more difficult. Thankfully, Identity Truth and companies just like it all over the web are here to help. Educating yourself about id theft can help you prevent the crime which is far better than trying to restore your good name. If you want to read more on this topic, this review may be able to help you out.