Common Types of Identity Theft

This type of identity theft is not new, per say, but it is becoming a more popular target for criminals.

As the name implies, this involves the theft of a victim's insurance information - whether it be medical insurance, car insurance, home insurance, etc. This often leads to financial ramifications as the victim might find themselves faced with huge medical bills that result from criminal fraud, higher premiums, and even difficulties obtaining new coverage in the future.

Synthetic Identity Theft This a so-called "newer" form of identity theft that is also a bit more sophisticated than the other forms described above. It entails the theft of bits of personal information from a number of different people. This information is then combined and used to create an entirely new identity. This new identity can be used to apply for credit, open various accounts, and even apply for certain documents under a completely false identity.

When it comes to identity theft, the problem is much more widespread than many originally thought.

Those who don't have much have the mistaken idea that their meager finances and identity are not attractive to thieves and there, they would be wrong. Identity theft can affect the young or old, the rich or poor - criminals do not make these distinctions very often when committing crime.

Understanding the different threats to personal information and how it can be used will help conscious consumers better understand the risks as well as means they have to protect themselves against fraud.

Learn more about identity theft protection at http://www.identitytheftaid.org/best-identity-theftprotection-services/