In a world where it’s so easy to steal someone’s identity, we bring you the 8 biggest identity theft cases in American history. Identity theft is sadly the fastest growing crime in America. It is a serious threat that causes great damage to a large number of people, both financial and emotional. The definition of identity theft explains it as the theft of personally identifying information including a person’s name, date of birth, driver’s license, social number, etc.
Identity theft cases occur on a daily basis. According to ISAI 2010, every year about 15 million people report being victims of identity theft. The total financial loss every year sums up to $50 billion which is not a small amount. Identity theft has spread worldwide, but America is among the countries with the highest rates of identity theft in the world. What contributed to the spreading of identity theft worldwide is the Internet infrastructure and online banking, which is why this fastest growing crime is not only a problem of the developing countries anymore. Online identity theft cases are becoming a common thing in today’s world. UK, Singapore, China, UAE, Brazil as well as India and Mexico are alongside the United States when it comes to countries with the highest rates of identity theft.
Identity theft is often associated with credit card fraud where the criminal gains the power to take control of your accounts and your life. These frauds are so common nowadays that we ought to be very careful. Want to know what other easiest frauds to commit and make money are? Take a look at the article to find out.
In recent years, there has been a number of cases of identity theft worth mentioning today. There were some famous identity theft cases where people gained access to celebrities accounts and could transfer huge amounts of money, and there were some peculiar cases as well. One of the those most intriguing cases to us while researching this topic certainly was the case of Dr. Gerald Barnes, currently serving the sentence for identity theft.
All the cases listed in our article today caused great damage to numerous people including death. Countless credit card reports have been stolen and false tax claims made. Remember to be cautious when entering your personal information such as passwords and credit card numbers as this can enable criminals to steal your information and gain access to your account. BBC, Reuters, and Michigan Consumer Credit Lawyers helped us compile the information for this list of real-life examples of identity theft.
We bring you the biggest identity theft cases in American history.