Identity (ID) theft happens when someone steals your personal information to commit fraud. The identity thief may use your information to apply for credit, file taxes, or get medical services. These acts can damage your credit status, and cost you time and money to restore your good name.
Once identity thieves have your personal information they may: Go on spending sprees using your credit and debit account numbers to buy “big ticket” items like computers or televisions that they can easily re-sell.