Final answer:
Identity thieves misuse personal information such as Social Security numbers and bank details to commit fraud, like applying for credit or medical services, causing financial loss and damage to the victim's credit score.
Step-by-step explanation:
Identity thieves exploit personal information such as Social Security numbers, bank account details, and other sensitive data to commit various forms of fraud. They can apply for credit, file taxes, or get medical services in the victim's name. Essentially, the thieves impersonate individuals to illicitly gain financial or other benefits. Generally, this can result in financial loss, damage to credit scores, and significant stress and time to resolve for the victims.
Additionally, identity thieves might use a stolen identity to create fraudulent identification documents, which could be used for purposes that range from renting an apartment to more serious crimes like trafficking. It is crucial for individuals to protect their personal information by securing electronic devices, using strong passwords, and regularly checking credit reports to spot any unusual activities suggesting identity theft.