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Synthetic Identity Theft

Posted by wangarific 302 days ago, popular 302 days ago (http://www.bargaineering.com)
Category: Personal Finance | Tags: fraud identity theft scam
Synthetic identity theft is a special type of identity theft. There are two versions of synthetic identity theft. The first is where the thief rebuilds your identity using bits of information from different sources. They rummage through your trash and find a canceled check, they call your place of work and find out your telephone number, they snatch your mail and grab a 1099-INT the bank mailed you. They don’t get everything all at once, but piece by piece they put it all together. This type of piece-meal ID theft, while scary, isn’t as scary as the second type.
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