Unfortunately, hundreds of thousands of Americans are impacted by identity theft each year. However, it’s important to understand that identity theft and identity fraud, though often used interchangeably, are two different things. As such, the following blog explores what you should know about these matters, including the importance of working with a Los Angeles, California identity theft lawyer to explore your legal options if you believe your information has been compromised or used.
How Do Identity Fraud and Theft Differ?
It’s imperative to understand that while most legislation targets identity theft, identity fraud also falls into this category. Despite the fact that they are similar, identity fraud and theft are slightly different. Generally, identity theft occurs whenever an unauthorized individual gains access to your personal information, while fraud occurs when they use your information for their own benefit.
For example, if a hacker gains access to the database of a doctor’s office and takes your personal information, like your name, address, and Social Security number, this would constitute identity theft. However, if this information is then used to open loans in your name or file your tax return so they get the refund, it would constitute identity fraud. Identity theft is generally a precursor to fraudulent activity.
Can I Recover Compensation for My Losses?
Unfortunately, if you are the victim of identity theft or fraud in California, recovering the compensation you deserve can be incredibly difficult. Many hackers and thieves are sophisticated and able to hide their true identity, making it hard to track and prosecute them. However, in the event that they are able to be located, they can face criminal charges for their crimes, in addition to civil action to help you recover compensation for the damages you have suffered as a result of their crimes.
You should also note that if a company fails to protect your personal information, such as failing to update security systems, resulting in your information being compromised, you can hold the company liable for the damages you’ve suffered as a result of their actions.
How Can I Prevent This in the Future?
If you are concerned about identity theft in the future, it’s critical to understand the steps you can take to protect yourself in the future. Generally, you should actively monitor your credit and bank statements for signs that your identity may have been compromised, like unfamiliar accounts or unauthorized transactions. Generally, the earlier you can detect identity theft, the better your chances of preventing identity fraud are.
Next, you should enable two-factor authentication on your accounts. This can help prevent those who may have access to your usernames and passwords from accessing your accounts, as this requires a secondary form of authentication before granting access.
Unfortunately, identity theft and fraud can be incredibly difficult to navigate, which is why it’s in your best interest to connect with an experienced attorney with Los Angeles Legal Solutions. Our team understands how difficult these matters can be to navigate, which is why we are committed to doing everything in our power to help you right for the best possible outcome. When you need assistance, do not hesitate to contact us to learn how we can assist you if your identity has been compromised or used for fraudulent purposes.
