Identity Theft occurs when criminals obtain personal information that allows them to impersonate someone else in order to use the person's credit to obtain financial accounts and make purchases.
Step-by-step explanation:
Theft is an action of committing crime. Theft is also defined as taking someone’s property or things without their permission or knowledge.
Identity theft means stealing someone’s identity and using them to gain financial advantage. Identity theft can happen in many ways. Some of them are committing theft on financial identity, medical identity, insurance identity, driver’s license and social security identity. Identity theft can be reported to federal trade commission.