Learn › Account takeover & Phishing › Identity Theft
Account takeover & Phishing

Identity Theft

Your stolen SSN and personal info are used to open credit cards, file tax returns, take out loans, or port your phone number to drain crypto accounts. The consequences can take years to unwind.

$12,500
Avg. loss
5,230
Reports in database
Data breaches + phishing
Top channel

How it worksThe anatomy of the scam

Every case follows roughly the same playbook. Recognize the pattern, stop it early.

1. Data is harvested

Phishing, data breach, or physical theft of documents gives a thief enough to impersonate you.

2. Credit abuse

New accounts opened in your name — credit cards, auto loans, utilities.

3. SIM swap escalation

Thief convinces your carrier to port your number to their SIM, then intercepts 2FA codes.

4. Account takeover

Bank, email, and crypto accounts are drained once the thief controls your phone.

5. The long tail

IRS refund theft, synthetic identity fraud, and medical bills can surface for years.

Warning signsRed flags to watch for

If you're seeing two or more of these, assume it's a scam until proven otherwise.

!

Unfamiliar accounts on your credit report

Check annualcreditreport.com every 4 months.

!

Phone suddenly loses service

Classic SIM swap symptom — call your carrier immediately.

!

IRS says your return was already filed

Someone filed a fraudulent return to claim your refund.

Protect yourselfDo this. Not that.

✓ Do

Freeze your credit at all three bureaus — it's free and stops most new-account fraud.

✗ Don't

Don't use SMS-based 2FA for financial or email accounts if you can avoid it.

✓ Do

Enable app-based 2FA (not SMS) wherever possible, especially on your carrier account.

✗ Don't

Don't post your full date of birth publicly on social media.

Has this happened to you?

Your story could stop the next person from losing their savings. Submit anonymously in about two minutes.

Report your experience Check a URL
🚨 Report a Scam