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In: Finance

Aside from potential financial losses, what are two other negative impacts an identity theft victim might...

Aside from potential financial losses, what are two other negative impacts an identity theft victim might encounter? What steps should you take if you become a victim of identity theft? Provide references to support your answers.

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Expert Solution

A person suffered losses via financially or personally from someone unknown who used his or her identity for some purpose is called identity theft victim.

Other than financial, the two negative impacts an identity theft victim may encounter are : 1. Destroy reputation by false crime allegation : suppose your passport had stolen and used by a criminal for his sake of travelling abroad for illegal crime. Then you could have to face arrestation by police and get in jail. Some lenient persons having no knowledge how to kept safe your identity would suffer this alot.

2. Committed suicide : the victim may committed suicide in fear of wrong use of his name and personal information.

There are followings STEPS one should have to take if he become a victim :

1. File an FIR against your losses.

2. Keep secret or safe your details like bank accounts , password , debit or credit card numbers if save anywhere else.

3. Immediate change your pin number as well as inform your bank request to hold your bank details ..

4. Compliant to police that is must if any financial losses occur . It also help to safe you from any criminal impacts.

5. Check your social ids whether these are to be used or not. Keep locking with secure password.


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