Saturday, December 14, 2013

The 5 types of Identity Theft

Here is an article on the 8 Types of Identity Theft which Jake enumerates as
  1. Financial
  2. Insurance
  3. Medical
  4. Criminal
  5. Driver's License
  6. Social Security
  7. Synthetic
  8. Child
His article on About.com is here
http://idtheft.about.com/od/Basics/a/The-8-Types-Of-Identity-Theft.htm

I will write more on this later and maybe just update this post. There are really 5 Basic Types that lead to 10 or 11 common manifestations.

The 5 Basic Types of Identity Theft are:
  1. Driver's License
  2. Character/Criminal
  3. Medical
  4. Social Security
  5. Financial
This article from SHRM regarding employer liabilities in 2008 highlights these 5 types of ID Theft (Michael Hall is no relation that I'm aware of):
http://www.shrm.org/LegalIssues/FederalResources/Pages/EmployersFaceLiabilityforFiveKindsofIdentityTheft.aspx

The 10 or 11 Common Types of Identity Theft therefore and what the Basic Type they are based on are:
  1. Financial (Financial)
  2. Insurance (Financial/Medical)
  3. Medical (Medical)
  4. Criminal (Character/Criminal)
  5. Driver's License (Driver's License)
  6. Social Security (Social Security)
  7. Synthetic (Combination from the 5)
  8. Child (Any of the Basic 5 from a Minor)
  9. Business (Usually Financial but based on a Federal Tax ID, not an SSN)
  10. Deceased (Any of the Basic 5 from a Deceased person)
  11. Cloning (Combination of Character/Criminal and another type thus impersonating the victim)
Now that I have fleshed out this outline, I probably need to do a basic post on what Identity Theft is, but this is a good definition for starters and I got it from the FTC years ago:

“Identity Theft occurs when someone uses your personally identifying information, like your name, Social Security number, or credit card number, without your permission, to commit fraud or other crimes.”
I also read an article from Kroll that I can not share... that added "or to conceal the thief's true identity."

Perhaps more on this later.

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