What is the difference between identity theft and credit card fraud?

Identity theft and credit card fraud are two different types of financial crimes that involve the misuse of someone else’s personal information. Identity theft involves the fraudulent use of someone’s personal information such as their name, Social Security number, date of birth, or other information that can be used to commit fraud or other financial crimes. Credit card fraud, on the other hand, involves the unauthorized use of someone’s credit card or debit card information to make purchases or transfer funds. Identity theft is a much broader crime than credit card fraud as it can involve a variety of different activities, such as creating false accounts, accessing someone else’s bank accounts, and using someone else’s personal information to obtain goods and services. Credit card fraud, however, is typically limited to the unauthorized use of someone’s credit card or debit card information to purchase goods or services. In Washington, identity theft is a serious crime and is punishable by law. Under the Identity Theft and Credit Card Fraud Protection Act of 2004, identity theft is punishable by fines and imprisonment, as well as a civil penalty of up to $5,000 per violation. Credit card fraud is also punishable by law and can result in fines, prison time, and a civil penalty of up to $10,000 per violation.

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What is the difference between identity theft and credit card fraud?

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