Identity Theft Protection Service
Lets start with a brief questionnaire to help us guide you learn more about protecting your identity against theft. Wether you are looking to proactively protect your identity or if you are a victim of identity theft, our goal is to provide you the most relevant information to start maintaining control of your identity and your life.
Identity theft explained
Identity theft is just like any other theft - where someone steals an important asset without the victim's knowledge or consent. Like any other theft, the perpetrator is trying to gain financially by inflicting harm to the victim. The victim suffers loss as digital identity is essential for getting loans, job and so many other life events. Loss of one's identity seriously handicaps an individuals from doing many regular daily transactions.
Identity theft is different from other kids of theft because usually the victim is not aware that an important information has been stolen. It is not always detectable by vistims.
Types of identity theft
1. Identity Proxy or Concealment.
This is where the perpetrator is trying to hude his or her own original identity by posing to be someone else. The victim in this case is usually not aware that their identity is being used by someone else for criminal or non-criminal reasons.
2- Criminal Identity Theft.
Othen times at the time of arrest, a criminal might pose to be someone else and identity himself as another individual. This is called criminal identity theft. This is perhaps the most brazen form of identity theft as the individual is perpetrating the act in sigth of law enforcement officials. In this case, when the charges are filed - they are filed in name of a completely wrong and most likely an innocent individual. This causes double harm to the victim. First, their identity has been stolen and could be used for any multiple types of criminal and fraudulent activity and secondly, their criminal history has been established that can impact any future job application.
It is usually very difficult for the victim to clear their record once they have been inflicted with criminal identity theft. Often times, DNA tests or fingerprints are needed to prove that the victim was not involved in the criminal activity and that their identity was stolen. They usually also need a court hearing to clear the charges. The court can always expunge the charges but this is a hassle and very time consuming. This can also be immensely stressful for the victim - as he is being blamed and charged with a crime that he never committed. Victims usually only know about this when they receive the court summon or when their driver's license is cancelled or revoked. They also learn about this when an employer runs a credit and criminal histroy report.
3- Financial Identity Theft.
This is the most common type of identity theft. Like most other drivers for theft, the perpetrator wants to gain financial advantages in someone else's name. This could include getting student loans, house loans, credit cards or any other type of line of credit.
3- Identity Theft for Medical Purposes.
This happens when someone gets medical treatments done impersonating to be someone else. Imagine an identity thief needing a medical treatment goes to a hospital and gets the treatment done in someone else's name. This typically involves presenting a fraudulent ID card and a credit card. The victim in this case is, as you can imagine, not the one receiving medical treatment. This is not as common as the financial identity theft but does require proper identity theft protection techniques to proactively avoid it from happening.
How do Identity Theft Protection services work?
Some companies offer identity theft protection which basically involves monitoring your personal information frequently to identiify any unusual activity. This usually involves a consistent monitoring of your credit reports and a sophisticated algorithm that is able to detect unusual activity to alert the user. There can be false alarms as well. If an employer runs your credit report or you apply for loan, it is very possible that the monitoring company might deem it to be fraudulent or activity of concern - this would lead them to send you an alert. Most companies have gotten better at being able to distinguish between false alert and true alert. One draw back of identity theft protection services that rely on credit monitoring is that transactions that do not change your credit report go unnoticed. Examples here are withdrawl of money from your bank account or someone filing your tax return using your social security number and claiming the money.