Identity theft is done for many purposes by scammers, and it is reported that more than 9 million Americans have their identities robbed each year. They obtain the personal and financial information of other persons, and they use that information to do illegal and illicit transactions or purchases. Victims often face the consequences like damages to their finances, credit, and personal reputation.
Most of the time, these scammers pretend to be government or reputable authorities (e.g., IRS) to collect personal data. Ordinary people who have little knowledge of formal matters tend to fall victim to this type of fraud.
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