Question

Explain the term identity abuse and create your own example as to how this can
happen to someone.

Answer 1

Identity abuse is when a person impersonates someone else's identity for personal or financial gain. Financial Identity theft is the most common form of identity theft. When a fraudster steals someone's credit card or bank account details to steal money or make purchases or uses personal details like a social security number to get a new credit card. There are other forms of identity theft as well. Some of them are:

Medical Identity theft: It happens when a person impersonates someone else to get free medical care.

Criminal Identity theft: This happens when a person wants to evade a court summon or an actual arrest or a conviction.

Child Identity theft: It is common among those who personally know the child and know that the child won't be able to find about identity theft. Commonly used for gaining employment.

Financial identity is the most common type of identity theft. When a person loses their wallet and the fraudster starts making purchases or doing money transfer to some other account. This can be avoided by reporting a case of loss of credit card and instructing them to seal bank accounts until the case is solved.