Identity theft can occur through various methods, including hacking into computer systems, stealing physical documents, or exploiting insiders who have access to sensitive information.
Hackers and insiders can range from individuals seeking personal gain to organized crime groups or even foreign governments looking to collect data for espionage purposes.
Common targets of identity theft include financial institutions, healthcare organizations, government agencies, and other businesses that store personal and financial data.
Individuals can protect themselves from identity theft by regularly monitoring their financial accounts, shredding sensitive documents, using strong and unique passwords, and being cautious about sharing personal information online.
Hackers and insiders caught committing identity theft can face criminal charges, fines, and imprisonment depending on the severity of the offense.
Organizations can prevent identity theft by implementing strong cybersecurity measures, training employees on security best practices, conducting regular security audits, and ensuring compliance with data protection regulations.
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Hackers and insiders are the main culprits of identity theft.