Scannable Fake Id: Securing finances has been an issue for a long time now. Theft threats have always been around in many forms. As we progress not only the positive side of the society makes progress but also the negative side, and in some cases negative sides progresses more as compared to the positive side. Technology is well entered in our daily business transactions these days and we preferably use our credit cards or checking account information online or go for a direct-debit option. This does “really” helps in saving a lot of time and fatigue but there is something more to the package which could be very harmful as far as personal finances are concerned.

Identity Theft?

Identity theft is basically a metaphor for frauds and forgeries in the business transactions. There are many types of identity theft and are commonly seen in our newspapers everyday. With the growing technology, stealing ways have been made pretty advanced and hard to catch although the counter-forces do try their best to make a fool-proof system from where the leaking out is a very less of a possibility but still hackers and stealers succeeds in stealing identities and thus stealing the access to all the finances. Identity Theft refers to an act such that when a person pretends to be you by stealing your personal info, security codes and other benefits and steal your finances. This sort of thing is done on a very large number and many people these days are victimized of this tech-game called Identity theft. There are four basic sub-categories of identity theft:

  • Financial Identity Theft
  • Criminal Identity Theft
  • Identity Cloning
  • Business Commercial Identity Theft

Financial Identity Theft:

Thieves can steal your identity to obtain financial gains and services. Bank forgeries are a type of such criminal acts. The person could steal all your personal information including your social security number and all your passwords and codes and can apply for a bank loan. This loan is hardly rejected as all information provided by the applier is correct. Once the loan is passed the criminal cashes out the money in your name and the loan is never re-paid which taints your credit history. You will know about it when you pull out your credit report and see some debts or when a collection agency calls you for repayment of the loan you never applied for. Such type of crimes should be reported to Consumer Credit Reporting Agency or Credit Bureaus.

Criminal Identity Theft:

Criminal Identity theft is an act to steal someone’s identity to run away from arrests against one’s crimes or perhaps for hiding from creditors. This could be done by getting a State issued ID by submitting personal documents (stolen of course) or may just be a fake ID. When a criminal is arrested he will show his fake ID proving that he is not someone the law enforcement agencies were looking for and get a release. Later when he/she is called to court for hearing they don’t show up and an arrest warrant is issued under the name of the person the criminal proved his fake identity with and the wrong person would then be arrested. Such cases are not very frequently seen but do happen. Records like that are very hard to remove from your history and require a very lengthy procedure.

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