Did you know the odds of being struck by lightning in a given year are only around 1 in 100,000,000? That’s not a scary thought, mainly since 9 out of 10 people survive.

But when it comes to identity theft, the odds are 1 in 15. Worldwide, there’s a new victim every 2 seconds. Now, that is spine-chilling!

Identity theft is the most common consequence of a data breach. Defrauding and stealing someone’s identity is easier today than it has ever been in history.

Let’s go behind the scenes of an identity theft maneuver and learn how you can protect yourself from it.

What is identity theft

Identity theft occurs when someone uses your personal identifying information (like your name, social security number, or credit card number) without your knowledge or permission. The purpose of identity theft is to commit fraud or other crimes.

Identity thieves gain financial advantages or other benefits, while victims suffer financial loss and possibly other severe consequences, including being accused of a crime they didn’t commit.

Source: How identity thieves grab your information