Stealing of the personal identity, social security number, credit card information, banking pins and more to commit a crime or a fraud is termed as Identity Theft. This information can be used for various benefits by the fraudster, not necessarily be for financial gains only.
- Identity theft is often explained as a criminal offense and the laws surrounding it are placed under the code section 28-608; 29-2280 of the state penal codes.
- According to the state law, identity theft can be a misdemeanor or a felony depending on the loss occurred.
- Exemptions from the identity theft laws are given to those conducting a lawful transaction using other’s identity information.