Identity Theft - Part 1

Identity theft has become an increasingly popular crime in Canada as well as in the rest of the world. It has been estimated that identity theft has hit one out of every six adult Canadians - more than 4.2 million people - either directly or within their immediate households, a survey suggests.
Identity theft involves stealing or misrepresenting the identity of another person or business.
Information such as your name, address, date of birth, social insurance number(social security number in the USA) and mother's maiden name need to be acquired in order to complete the impersonation.
Once the thief has this information, they can open new bank accounts, transfer bank balances, apply for loans, credit cards and other services, purchase vehicles, take vacations .......

"Contrary to popular belief, fraud does not affect only the vulnerable in our society. Everyone is at risk of becoming a victim, regardless of age, education or income," Competition Bureau commissioner Sheridan Scott said.

Quote of the Day:

"Experience is a hard teacher. She gives the test first, the lessons afterward."