Identity theft is a type of fraud that involves using personal details of someone else. See also Identity fraud. A person who has his or her identity stolen can end up owing money when the thief spends the person's money or uses the person's credit. In some cases, laws limit the amount that the victim will lose. In other cases, the loss is not limited.
Identity theft can involve these risks:
- Loss of bank details
- Someone pretending to be the victim.
- Making payments as the victim.