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by: PaulWilcox
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Word Count: 395

Incidents of identity theft and fraud are at an all time high this year topping the Federal Trade Commission's (FTC) list of complaints. Reports of fraud and identity theft made up about 39 percent of consumer complaints with Internet auction fraud coming in second place with about 16 percent consumer complaints.

Identity theft is a major problem for consumers today. With the inception of the Internet, more and more innocent people are finding themselves victims of identity theft and fraud. These crimes include credit card fraud, stolen bank funds, and even stolen identity theft by criminals looking to escape prosecution for their crimes.

Identity Theft And Fraud With Credit Cards

One of the easiest and most popular identity theft crimes is credit card fraud. Thieves gain access to an innocent person's personal information and use it to open credit card accounts or use it to gain access to existing credit card accounts. These criminals usually quickly max these credit cards out by purchasing extravagant items. Fortunately most credit card companies will not hold the legal cardholder liable for these purchases.

Another form of identity theft is when criminals obtain a loan in some unsuspecting victim's name. These types of crimes are more difficult to resolve. Many lenders have made the process of getting a loan so easy that it is hard to prove that an imposter took out the loan instead of the victim. Victims often don't find out about the loan until it has affected their credit rating.

Identity Theft and Your Good Name

Criminals don't always go after money when it comes to identity theft and fraud. Some criminals take over a victim's identity when they have committed a crime. This type of identity theft can create big problems for the victim. Now they have a criminal record and it takes a while to correct this mistake.

Often times the victim doesn't even know this crime against them has been committed until they may apply for a job that requires a criminal background check or get stopped for a speeding ticket. Imagine their surprise when they don't get the job or get hauled off to jail for a speeding ticket because they have a warrant for their arrest. It can take a lot of time and money to clear a victim's name in cases such as these.

About the Author

Is your computer as secure as it should be? Find out what you should be doing to keep it safe from spyware, viruses and other internet security threats at the Online Security Toolkit website. Visit http://www.onlinesecuritytoolkit.com for more information.

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