What Are The Two Main Categories Of Identity Theft

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There are two main categories when discussing identity theft, existing account fraud, and new account fraud. existing account fraud is believed to be the less serious of the two categories. This occurs when an individual obtains a pre existing account holders information, such as credit cards, utility accounts, or bank account information. although this is generally classified as being a seemingly small offense, this type of identity theft is the most common. New account fraud, the more serious offense, is used to classify offences where an individual uses another person's social security number, date of birth, or even their home address when trying to establish a new account. This type of identity theft can be devastating to the people who