Identity theft occurs when the thief steals your personal information to do one or more of the following:-
* Take over your credit accounts/credit cards.
* Open new credit accounts/credit cards.
* Take out a loan in your name.
* Rent a flat/apartment in your name.
* Access your bank accounts.
They may also commit other crimes in your name and at your expense.
When identity theft strikes the effects can be devastating and because it often involves no physical theft it may not be noticed by its victims until significant financial loss has already occurred.
The ways in which your identity can be stolen are: