On the Prowl: Four Ways to Protect Against Identity Theft | Kingman Daily Miner – Arizona News

On the Prowl: Four Ways to Protect Against Identity Theft | Kingman Daily Miner – Arizona News

Identity theft is one of the most-committed crimes across the country, and with 15.4 million victims in 2016 according to the Insurance Information Institute, it appears that identity theft cases will not be declining anytime soon.

From the 15.4 million people affected by identity theft last year, $16 billion was stolen. This is an increase from 2015 where 13.1 million victims lost $15.3 million.

The increase in identity theft is peculiar to some people, as 2016 was the first full year that brick-and-mortar stores were required to accept more secure EMV chip cards, or they would face liability consequences.

“The shift to EMV was supposed to virtually eliminate one type of ID theft, card cloning, which allows criminals to steal account data and write it onto counterfeit cards used to make fraudulent in-store purchases,” said an article by USA Today. “Predictably, criminals shifted away from card cloning and toward card-not-present fraud – largely online purchases, where chips are not necessary.”

According to the U.S. Department of Justice, identity theft or fraud are each terms used to refer to all types of crime where someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, usually for economic gain.

Identity theft encompasses many acts committed by thieves who are able to obtain a person’s personal identity information. Some of these include: creating false applications for loans and/or credit cards, withdrawal from the victim’s bank account(s), using online accounts in the…

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