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long term effects of identity theft

Define identity theft and explain how the typical citizen can reduce the likelihood of becoming a victim. What do you believe the long term effects of identity theft will be on the U.S. economy?

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Hello. I provide the following to assist you.

Identity theft is when an indvidual(s) obtain personal information, including name, address, social security number, bank account information, and/or credit card information of another information. Once the information is obtained, said information is used to gain access to said information for their own benefit, including making purchases, obtaining money from said accounts, or obtaining credit with the social security ...

Solution Summary

The long term effects of identity theft are clearly identified.