what is identity theft

What is Identity Theft?

If someone has used your personal or financial information without your permission, then you

are a victim of identity theft or also known as identity fraud. It is a crime.


The effect of identity theft

Information such as your name and address, credit card or bank account numbers, Social Security number, or medical insurance account numbers could be stolen, and thieves can do things such as:

  • Using your credit card to buy things or
  • Open new credit cards in your name
  • Steal your money by access of your bank accounts
  • Open bills such as phone, electricity, or gas under your name
  • File a fraudulent tax return or steal your tax refund
  • Use your health insurance to get medical care
  • File health insurance claims


What to do if you suspect your identity has been stolen

If you suspect your identity has been stolen, report it to the Federal Trade Commission at www.identitytheft.gov or call or call 1-877-438-4338.


No matter where your information was used, contact all the companies where fraud has occurred.  Companies will assist you in closing or freezing your accounts. Also, change your logins, passwords, and PINs and add multi-factor authentication.


Set up free fraud alert by contacting one of the three credit bureaus. It will make it harder for someone to open new accounts in your name.

  • Experian.com/fraudalert
  • TransUnion.com/fraud
  • Equifax.com/CreditReportAssistance


Get your free credit reports from Equifax, Experian, and TransUnion. Go to annualcreditreport.com or call 1-877-322-8228.


You can also contact your local police department with proof that you are a victim of identity theft. File a report.


Know your rights

The FTC has many resources to protect you. Federally, citizens have limited liability for fraudulent debts caused by identity theft.


“Under federal law, the amount you have to pay for unauthorized use of your credit card is limited to $50. If you report the loss to the credit card company before your credit card is used by a thief, you aren’t responsible for any unauthorized charges.”


State laws vary. But one thing is clear if you are a victim of Identity fraud, it is crucial for you to report the problem as soon as possible.


You can read more about your rights at www.identitytheft.gov/#/Know-Your-Rights.


Get to know us and our work

ACUTRAQ is no stranger to victims who find their information has been stolen. The company specializes in background screening helping businesses and organizations work smarter and grow faster. With over 70 years of combined experience partnering with diverse organizations to safeguard their investments. Earning the trust of over 12,400 satisfied customers, we help employers, property managers, property owners, community organizations, and many others get the crucial information they need to make the right decision. We provide fast, accurate reports to you and your organization – Because We Care.


Give us a call at 888-361-7036, visit us on social media, or shoot us an email.


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