The other terms used for identity theft is impersonation or identity fraud. For the purpose of benefit gaining a particular person pretends to be someone else. Different kinds of personal information like information of credit cards, social security number etc. is utilized for availing benefits like taking a loan, taking a credit, having an apartment rented, or taking new connection for the telephone etc. Any kind of fraud that that has remained hidden is detected at the time of review of the credit report or when a visit is paid by the collector of debts.
A number of services are available for preventing identity theft. There are three categories to identity theft. One is termed as Identity Cloning in which in the daily life, someone else's identity is used. In a Commercial or Business Identity Theft for availing credit in another person's name the theft is done. In the case of Criminal Identity theft when for a crime, a person is taken into custody; the person poses as someone else. To obtain medicines or health care the Medical Identity Theft is done. For using another person's identity the Financial Identity Theft is done.
In many different ways like using sites for social networking, stealing mails, hacking of computers, dumpster diving, Trojan horses, disposed computer or mobile phone, phishing, eavesdropping, offers of fake jobs, pick pocketing and breech of data etc. the identity theft is carried out. For protection against identity theft an insurance policy can be purchased. All the costs that are associated with the identity theft are covered under the policy. Credit card companies and banks offer such an insurance policy. A few things need to be kept in mind while considering the best service for protection against identity theft.
First of all the history and reputation of the company needs to be checked. Find out whether their past and current customers are happy with the services of the company. For this you can talk to a few customers and also look up reviews on the internet. Also helpful will be determining the experience of the staff working at the company. Find out the cover or security provided by the company like voice verification, freezing of pin or credit, fraud alerts which are the features of monitoring fraud. In the process the company should provide good assistance with legal matters like information recovery from customer, report filing and disputing transactions that are not authorized.
In case a particular fraud takes place the company should be able to provide prompt and good guidance as well as respond helpfully. If you know where to look you are sure to find some of the best companies offering services related to identity protection. Checking the online source is one of the best ideas to find the best company. Instead of allowing an identity theft or fraud to take place, taking preventive measures is always better. Always shred or destroy documents before getting rid of them. Avoid leaving documents carelessly everywhere, protect the social security number, lock the mailbox, keep your credit card safely with you, monitor your credit report etc.