Final answer:
PII refers to unique information that can be used to identify an individual, and identity theft is a serious concern.
Step-by-step explanation:
True. PII stands for Personally Identifiable Information, which refers to unique information that can be used alone or with other sources to identify, contact, or locate an individual. This includes sensitive data such as social security numbers, credit card numbers, passwords, and more. Identity theft is a serious concern where PII can be misused to steal someone's identity and commit fraud.