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Identity theft has profound consequences for its victims. They can have their bank accounts wiped out, credit histories ruined, and jobs and valuable possessions taken away. Some victims have even been arrested for crimes they did not commit.
Identity thieves and cybercriminals do get caught and more of them are being held accountable for their crimes than ever before. But that doesn't mean that cybercrime is decreasing or that it is anywhere remotely near under control.
Reviewing your credit report is one of the most important steps you can take to ensure that you are not a victim of identity theft (ID theft). To review your credit report, contact one or all of the major consumer credit reporting agencies and request a copy of your credit report.
Identity thieves and cybercriminals do get caught and more of them are being held accountable for their crimes than ever before. But that doesn't mean that cybercrime is decreasing or that it is anywhere remotely near under control.
Restitution: Identity thieves can be ordered to compensate a victim for financial losses, including lost wages, legal fees and even damages from emotional distress. Imprisonment: Identity thieves can be incarcerated with aggravated identity theft punishable by a mandatory minimum sentence of two years.
Changes in your credit score can indicate identity theft. For example, if someone takes out utility bills in your name and doesn't pay them, your credit score may dip. Checking your credit report from each of the three major credit bureaus Equifax, Experian, and TransUnion can help pinpoint the problem.
Identity thieves and fraudsters can use your personal information to take over your accounts, use your accounts, open new accounts, file tax returns or even get medical procedures in your name.
To report identity theft, contact: The Federal Trade Commission (FTC) online at IdentityTheft.gov or call 1-877-438-4338. The three major credit reporting agencies. Ask them to place fraud alerts and a credit freeze on your accounts.