How does Spy ware Cause Identity Theft?

Skilled identity thieves garner information from business and other institutions by

• Stealing information or personal records while on the job
• Bribing another employee who is able to access your records
• By hacking these records or
• By fooling other employees into imparting the information

Further, they could even

1. Rob your mail, which includes your credit card offers, your tax information, new checks, and credit card and bank statements.

2. Spy ware and identity theft could also see these unscrupulous hackers rummaging through your trash, or public trash dumps or business trash. This feature is commonly called “dumpster diving.”

3. These identity thieves could lay their hands on your credit reports, and thereby illegally abuse their employer’s authorized accesses to them. They could even pose as your landlord, or your employer, or someone else appearing to have a legal claim to assess your credit report.

4. Using the appropriate identity theft spy ware, such hackers could rob your debit or your credit card numbers via a practice called “skimming” whereby they capture the required information in a data storing device. They could either swipe your card to actually make a purchase, or they could alternately, attach the device to an ATM machine, which you usually enter or swipe your card.

5. They may simply rob your wallet or your purse.

6. They could complete a “change of address” form, thereby diverting all of your mail to another location.

7. They may thieve any other personal information that they may find in your home.

8. They may thieve personal information from you through email - called “phishing”online - or the phone – called “pretexting” by phone - by pretending to be calling from legitimate companies who claim that you have a particular problem with your account.

What Can Happen?

What Sort of Information can be stolen?

What Is The Adverse Impact Of an Identity Leak?

Indulging in ad ware spy ware identity theft, these thieves now have your personal information to use in a variety of ways. They could for instance,

1. Get in touch with you credit card issuer to have the billing address changed on your credit card account. The imposter would then begin running up charges on this account. As your bills are being sent to another address, it may be quite a while before you realize the problem.

2. They could open new credit card accounts using your name. When they make use of the card and do not pay the bills, such delinquent accounts would be reported on your credit report.

3. These imposters could even establish a wireless or a phone service in your name, or use your name to open a bank account, and then write bad checks against that account.

4. Spy ware identity theft assumes new dimensions when these unscrupulous thieves steal eBay passwords, and get information on pay pal logins, the websites that you have visited, and gain access to your chat files, bank information, etc.

5. These imposters could authorize electronic transfers using your name, thereby draining your bank account, and could even counterfeit checks/credit /debit cards.

6. They could even file for bankruptcy in your name so as to avoid paying up debts incurred in your name, or to prevent eviction.

7. They may help themselves to an auto loan under your name, and buy a car. They could even file fraudulent tax returns under your name, or find themselves a job similarly.

8. They may get themselves identification like a driver’s license under your name, and issued with their picture.

9. Worse still, if they happen to get arrested, they could very easily give your name to the police, so that a warrant for arrest is issued in your name, if they do not attend court on the stipulated date.

Continue to: Identifying and Dealing with Online Identity Theft