In 2016, more than 15 million consumers were affected by these kinds of fraudulent acts. Identity theft used to be about deadbeat dads, convicted felons and others seeking a new identity to escape a past life and start a new one. Today, identity theft is a fast-moving game more akin to identity laundering. Get a list of stolen credentials, move through it to figure out which are legitimate as fast as you can, see what money you can make from it, and move on to the next victim.”]
Source: https://www.csoonline.com/article/3214767/fraud-stories-part-1.html