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Identity theft is the concept when a thief steals the identity of a victim and portrays oneself as the victim's identity. Identity theft has many implications both on a small and large scale. Individual identity theft can be limited to a single person when the identity thief takes on the identity of that victim. [18]
The ITRC educates consumers, businesses, government agencies, policymakers, and other organizations on best practices for identity theft and fraud detection, reduction, and mitigation; and, serves as an objective national resource on trends related to cybersecurity, data breaches, social media, fraud, scams, and other identity issues.
The term identity theft was coined in 1964. [1] Since that time, the definition of identity theft has been legally defined throughout both the UK and the U.S. as the theft of personally identifiable information. Identity theft deliberately uses someone else's identity as a method to gain financial advantages or obtain credit and other benefits.
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