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Identity Theft is something where someone takes over a part of your financial life.
They take your identity and they try to open up credit in your name without you being aware
of it.
That can be name date of birth, social security, driver’s license, credit card number, etc.
anything that identifies uniquely to the individual or an entity.
Probably 1 in 20 Americans are some victims of identity theft in some way. And there’s
a lot of consumers who are victims of identity theft. They don’t know that yet.
So it’s a very serious problem. And it’s something that you want to catch on the front-end,
and not be unaware that it’s going on, because it can cause some serious damage in the long-term.