What Is Identity Fraud?

Someone else's name, your money gone. The key points on identity fraud, and the ways it's committed.

By Charles Joseph · Updated Sat, Nov 25th, 2023 4:48 PM EST

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Identity fraud is a type of fraud that involves using someone else’s identity to steal money or gain other benefits.

Key Points

Identity fraud is a type of fraud that involves using someone else’s identity to steal money or gain other benefits.
Identity fraud can be committed in many ways, including stealing personal information, forging documents, and using false identities to open bank accounts or apply for credit cards.
Identity fraud is a serious problem that can have lasting consequences for the victim, including financial loss, damage to their credit rating, and even legal problems.
You can do a few things to protect yourself from identity fraud, including being careful about who you give your personal information to and keeping an eye on your credit report for any suspicious activity.