The Fair Credit Reporting Act defines identity theft as a fraud committed or attempted using the identifying information of another person without authority. Typically, identity theft is separated into six categories, which are comprised of the following: New Account Fraud:This occurs when an individual takes advantage of an individual with good credit standing by using their personal information to create new accounts. Therefore, if you are a victim of identity theft, it may be in your best interest to hire a local identity theft attorney, or alternatively, a identity theft lawyer. Using the victims information to obtain drugs or medical treatment, Merchants who processed credit transactions, Credit bureaus (TransUnion, Equifax, and Experian), Employers (if your employer was responsible for the identity theft or data breach). 16 people have successfully posted their cases, 5 people have successfully posted their cases, 10 people have successfully posted their cases, 6 people have successfully posted their cases, 20 people have successfully posted their cases, 7 people have successfully posted their cases, 9 people have successfully posted their cases, Can't find your category? Victims of identity theft are afforded several types of damages when initiating a civil claim. DoNotPay wants to help you understand the process of recovering from identity theft so that you are prepared to sue if possible. This is difficult to detect and can become very costly. LegalMatch, Market State and federal laws are in place to protect consumers with a protocol that banks as well as consumers must follow. They just need the card number to start ordering online. However, when it comes to lost assets, it is generally much harder to recover monetary damages as a business since an individual thief will usually not have the funds to compensate them for such a major loss; especially, if they are sentenced to prison. You will need to close any accounts that you did not open and file affidavits with each company showing that you did not open the account. Entities that can be held liable for identity theft include the major credit bureaus (Equifax, TransUnion, and Experian), credit institutions, and banks. Angie Mohr is a syndicated finance columnist who has been writing professionally since 1987. Plus, it's likely that thief will not have assets to recover if you're successful in a civil lawsuit.

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