Identity Theft occurs when someone obtains and uses information that personally identifies you, for example, your name, identity or credit card information, without your permission, to commit fraudulent transactions.
Some Common Ways Used by Criminals are:
Phishing: This is the most common identity theft scheme. Identity fraudsters can pretend to be financial institutions and send spam or pop-up messages to get people to reveal their personal or credit card information.
Skimming: Debit or credit card numbers can be obtained using storage devices when processing is being made on the card.
Man-in-the-Middle Attack: This type of theft involves criminally intercepting communication between two parties and recording the information without the two parties ever knowing about it. The criminal then uses this information to access accounts and possibly steal the user’s identity.
Shoulder Surfing: This may occur anytime you use a password or a device that stores PIN numbers, such as at an ATM. The identity thief may attempt to get close enough to record the password or PIN numbers.
