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Identity theft can be very frustrating, especially when you find out that someone has stolen your identity and run up thousands of dollars in debt that you knew nothing about. There are many innocent people who end up dealing with the frustration of identity theft, so it is important that you understand the definition of identity theft and how you can protect yourself as well.

Different Types of Identity Theft

First of all, identity theft can involve various areas in your life. Identity theft involves any time when a thief uses identification documents or other methods of identification of someone else in order to impersonate the person. Believe it or not, more than 10 million people in the U.S. alone have been victims of identity theft. So, let's take a closer look at the two different types of identity theft.

- Criminal Activities - First of all, identity theft can include criminal activities. This involves an identity thief using someone else identity so that they can commit some kind of crime, hide their identity, commit terrorism acts, get permits, or even get into a country. Some of the crimes in this type of identity theft include laundering money, organized crime, cyber and computer crimes, alien smuggling, and even drug trafficking.

- Financial Fraud - Financial fraud is probably a lot more popular and it includes credit card fraud, bank fraud, telecommunications fraud, tax fraud, computer fraud, mail fraud, and even social program fraud. This is the most common type of fraud out there, but of course it is not the only type.

Protecting Yourself

So, now that you understand a bit more about the definition of identity theft, you may want to learn how you can protect yourself. The following are a few tips to keep yourself protected from identity theft.

- Destroy Documents - If you want to avoid identity theft, then you need to make sure that you destroy important documents. You should shred documents like credit card offers, bank statements, and any paperwork with personal information on them.