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What is Identity Theft?

Learn about the different types of identity theft and how they can impact you.

Understanding
Identity Theft

Identity theft is when someone steals your personal information and uses it for criminal activity. It’s one of the fastest growing crimes in the world.

It ranges from thieves stealing your social security number, to opening credit card accounts or getting medical care in your name, to fraudulently billing your clients, and everything in between. These attacks can have a long term impact on your financial and personal well being.

You can recognize signs of a potential identity theft threat by finding unrecognized credit lines in a credit report, finding your private information on the dark web, and finding unrecognized login attempts to your personal accounts. But the easiest and most comprehensive way to fight this type of crime is by using a professional service, like IDShield.

Types of Identity Theft

Learn about some of the more common types of identity theft in the United States.

Synthetic Identity Theft

When a thief steals someone’s Social Security Number and attaches it to a new name, date of birth, and other personal information. This creates a new, fictitious person. This is one of the most common types of ID fraud.

New Account Fraud

Thieves often use someone’s personal information to create new credit card, utility, or cell phone accounts. They also use children’s stolen personal info to do this, which can go undetected for years because children don’t typically have credit reports.

Account Takeover Fraud

When a thief gets a victim’s account login credentials, logs in, and adds themselves as an authorized user. Thieves can log in to your credit card account and make changes, or request a card. This type of fraud is difficult to detect with normal credit monitoring.

Medical Identity Theft

Thieves fill prescriptions and receive medical treatment using stolen personal information. Medical identity theft can impact victims’ medical files and their medical history. In worst case scenarios, medical treatment decisions are made based on false information, leading to medical harm.

Business Identity Theft

When thieves use a business name to fraudulently bill clients, or try to get credit using the business name. Often, culprits either know the business owner or worked for them.

ESS

Theft is on the rise

Reports are up by over 400% since 2010 and it’s led to over $3.3 billion in losses. In the time it took you to read this page, there were ten new identity theft victims.

Theft is on the rise

Reports are up by over 400% since 2010 and it’s led to over $3.3 billion in losses. In the time it took you to read this page, there were ten new identity theft victims.

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Great news – IDShield can protect you!

IDShield’s suite of world class services includes identity protection, identity restoration, financial protection, and digital device protection. With 24/7 monitoring of your personal and financial info, you can sit back, relax and enjoy life. And, if there is fraud, IDShield restores your identity – guaranteed.

Pick a plan, sign up, and let IDShield do the rest.

Choose a plan that works for you

Enrolling only takes a few minutes.

Get started today with our 30-day free trial!

Our Individual and Family plans come with the same premium features.

Individual Plan

Includes 30-day free trial

What You’ll Get

  • Protects one person
  • Access to premium features
  • Choose 1 or 3 credit bureau monitoring

Starting as low as

$14.95/month

Family Plan

Includes 30-day free trial

What You’ll Get

  • Protects you, your spouse or domestic partner, and dependents under 18 living with you
  • Access to premium features
  • Choose 1 or 3 credit bureau monitoring

Starting as low as

$29.95/month

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Reports

X
Year ID Theft Reports
2001 86,250
2002 161,977
2003 215,240
2004 246,909
2005 255,687
2006 246,214
2007 259,314
2008 314,587
2009 278,360
2010 251,074
2011 279,191
2012 369,958
2013 290,098
2014 332,545
2015 490,095
2016 398,356
2017 370,344
2018 444,344
2019 650,523
2020 1,387,615

FEDERAL TRADE COMMISSION · ftc.gov/data

Reports

X
Year ID Theft Reports
2001 86,250
2002 161,977
2003 215,240
2004 246,909
2005 255,687
2006 246,214
2007 259,314
2008 314,587
2009 278,360
2010 251,074
2011 279,191
2012 369,958
2013 290,098
2014 332,545
2015 490,095
2016 390,356
2017 370,344
2018 444,344
2019 650,523
2020 1,387,615

FEDERAL TRADE COMMISSION · ftc.gov/data