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What Is Financial Identity Theft and How Does It Happen?

Home Help Center What Is Financial Identity Theft and How Does It Happen?

Financial identity theft is the compromise of your existing financial account(s) or the creation of new financial accounts by an unwanted third party acting in your name. Accounts can include checking or savings accounts, credit or debit cards, loans, medical billing accounts, insurance, etc. Financial identity theft can also affect victims through issues with debt collection and bankruptcy.

How Does Financial Identity Theft Happen

Financial identity theft can happen in various ways, but typically involves unauthorized access to your financial card(s) or account information through theft (home, auto, wallet/purse, mail), by hacking your online account or through a data breach involving your account information.

What Types of Personally Identifiable Information Are Involved in Financial Identity Theft

Financial account numbers, credit or debit card numbers, name, contact information (address, phone, email), username and password and, in some cases, Social Security numbers.

Resolving Financial Identity Theft

If you are looking for direct assistance and a personalized plan to remediate your case of financial identity theft, call an expert advisor for no-cost at 888.400.5530 or LiveChat with us.

This information should not be used in lieu of legal advice. Any requests to reproduce this material, other than by individual victims for their own use, should be directed to [email protected].

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© Copyright 2026 – Identity Theft Resource Center

This website was supported in part by grant number 15POVC-21-GK-01092-NONF and 15POVC-22-GK-01803-NONF, awarded by the Office for Victims of Crime, Office of Justice Programs, U.S. Department of Justice. The opinions, findings, and conclusions or recommendations expressed in this product are those of the contributors and do not necessarily represent the official position or policies of the U.S. Department of Justice. View more about our copyright info here.

  • Victim Help Center
  • Solutions
    • Prevent Identity Theft

      Protect your identity from theft and misuse.

    • Recover My Identity

      Get direct assistance, a custom remediation plan, and resources if you’re a victim.

    • Protect My Business

      Explore our business service offerings today.

    • Breach Alert

      Get information on the latest data compromises.

    • Additional Support

      Vulnerable populations can get additional support to help protect their identity.

  • Resources
    • Insights

      Stay up-to-date on the latest news and happenings from the ITRC.

    • Newsletter

      Stay up-to-date on the latest news and happenings from the ITRC.

    • Reports

      Explore independent surveys and studies from the ITRC.

    • Podcasts

      Hear or read the latest in data security and privacy, as well as identity compromise and crime.

    • Events

      Explore upcoming events involving the ITRC.

    • Newsroom

      Check out the ITRC’s hub for journalists and policy makers.

  • About the ITRC
  • Contact


  • Call Now 888.400.5530