FTC estimates that as many as 9 million Americans have their identities stolen each year. Identity thieves may rent an apartment, obtain a credit card, or establish a telephone account in your name. Identity theft is serious. While some identity theft victims can resolve their problems quickly, others spend hundreds of dollars repairing damage to their good name and credit record. Some consumers victimized by identity theft may lose out on job opportunities, or be denied loans for education, housing or cars. In rare cases, they may even be arrested for crimes they did not commit.”]
Source: https://www.cuinfosecurity.com/faqs-about-identity-theft-a-712