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What is the illegal assumption of someone's identity for the purposes of economic gain called?

A. fraud
B. identity theft
C. monitory transgression
D. scamming

1 Answer

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The correct answer to the question is B. identity theft.

Identity theft is the illegal use of someone's identity for economic gain, often resulting in financial fraud and emotional distress. Perpetrators use stolen information to make unauthorized transactions, apply for credit, and access the victim's online accounts. The victim may suffer financial loss, damage to credit scores, and emotional distress. To protect their personal information, individuals should use strong passwords, regularly monitor financial statements, and be cautious about sharing sensitive information online or over the phone. I

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