Identity theft is a significant problem for everyone, but seniors are a particularly vulnerable target. According to FBI reports, identity theft is the third most common scam, following telemarketing schemes and emails from Nigeria.
Identity theft occurs when an individual takes on your identity to execute fraud or a criminal act. The scammers access the information they need by stealing a wallet, ransacking trash or illegally using your bank account or credit information. The criminals may approach you through face-to-face interaction, over the telephone or on the Internet. They may request your personal information – or simply steal it.