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

Identity theft and credit card fraud are two related, but distinct, crimes. Identity theft is a crime wherein someone obtains and uses another person’s personal information without their permission. Credit card fraud is a type of identity theft wherein someone misuses a stolen or otherwise unauthorized credit card or other payment information. Identity theft can take many forms. It encompasses any use of another person’s personal information, including name, Social Security number, financial account numbers, address, or date of birth. By obtaining and using this information, identity thieves can commit various crimes, such as obtaining loans in another person’s name, opening accounts in another person’s name, or accessing government benefits. Credit card fraud, on the other hand, is a specific type of identity theft. It involves the misuse of stolen or unauthorized credit card or other payment credentials. Credit card fraud can involve making unauthorized purchases using another person’s credit card, making purchases without the cardholder’s knowledge or authorization, transferring funds from a credit card to another account, or even selling the payment information. While both identity theft and credit card fraud are considered serious crimes, they are distinct in terms of the motivations and methods of the perpetrator. Both are illegal in Wisconsin and can be punishable with fines, jail time, or both. It is important to be wary of potential identity theft and credit card fraud and to take the necessary steps to protect your personal information.

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

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