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ID Theft vs Fraud : What’s the Difference?

New IdentityTheft Scam

Fraud, on the other hand, is defined as “a false representation of a matter of fact”, and frequently involves the unknowing participation of the victim. Scammers contact an individual and represent themselves as a financial institution, credit card corporations, or even the IRS. They solicit private information, including social security numbers and passwords, with the intent to raid bank accounts and credit lines. Anyone with your online banking credentials can access your accounts, make payments and transfers, and they don’t necessarily need to compromise your identity in order to do this.

Source: on 2019-09-30 16:37:30

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