Unfortunately, identity theft can result in a considerable number of issues for those involved. However, the sooner you can catch instances of identity theft, the better your chances of preventing fraud are. While they are often used interchangeably, identity theft and identity fraud are two different things, so understanding what to expect is critical. The following blog explores what you should know about these matters, including the importance of working with a California identity theft lawyer to help you reclaim your identity and protect your information.
Are Identity Theft and Fraud the Same Thing?
In general, identity theft occurs when someone gains unauthorized access to your information and uses that information to obtain money, goods, or services in your name. Identity fraud, on the other hand, occurs when
For example, if a hacker breaches an online retailer’s database, obtains your information, and uses the credit card number on file to make a purchase, it can constitute identity theft. However, if that hacker then sells your information online, the purchaser may then commit identity fraud by opening lines of credit in your name or filing a fraudulent tax return.
Is There Anything I Can Do to Prevent Fraud?
If you have reason to believe your identity was compromised, there are steps you can take to help reduce the risk that identity fraud will occur. Generally, the most important thing you can do is place a fraud alert on your credit accounts. This will alert lenders that your information has been compromised and to confirm your identity before opening accounts in your name.
Additionally, you should secure your online accounts. If you have not done so already, enabling multi-factor authentication can help keep your accounts secure, even if someone has your login information. Not only will an unauthorized party be able to log in even if they have your username and password, but it can also serve as a warning that someone is attempting to access your account.
Can I Seek Compensation for My Damages?
Unfortunately, both identity theft and fraud can result in a considerable amount of damage for the victims, and uncovering the perpetrator can be difficult. Many hackers are incredibly sophisticated and located outside of the United States, making finding and prosecuting those responsible challenging. However, in the event the perpetrator can be located, you can file civil claims against them for compensation for your damages, in addition to the criminal charges the state may pursue.
However, you may also hold a company liable for damages in the event it failed to protect your information. Companies have a legal obligation to safeguard the consumer information they store, so if they fail to safeguard your details, they can face liability for their insufficient security protocols.
As you can see, navigating instances of identity theft and identity fraud can be incredibly difficult. That is why it’s in your best interest to connect with an experienced attorney with Loker Law. Our firm will do everything in our power to help you fight for the justice you deserve, as well as assist you in reclaiming your identity. When you need help, our team is here. Contact us today to learn more.
