There are two types of identity theft:

There are two types of identity theft:

  • “Existing account fraud” or “account takeover fraud” occurs when a thief acquires your credit or debit card information and purchases products and services using either the actual card, a counterfeit card, or the account number and expiration date.  Victims may not learn of account takeover until they receive their monthly account statement.
  • “New account fraud” or “application fraud” occurs when a thief uses your SSN and other identifying information to open new accounts in your name. Victims are not likely to learn of application fraud for some time, because the monthly account statements are mailed to an address used by the imposter.
  • Everyone needs protective services.