So what has the government actually done to rectify this problem? One law developed for online identity theft is The Identity Theft and Assumption Deterrence Act of 1998 (18 U.S.C. 1028) what this act basically does is makes identity theft a Federal crime with penalties up to 15 years imprisonment and a maximum fine of $250,000... displayed 300 characters
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1028) what this act basically does is makes identity theft a Federal crime with penalties up to 15 years imprisonment and a maximum fine of $250,000. It establishes that the person whose identity was stolen is a true victim. Previously, only the credit grantors who suffered monetary losses were considered victims... displayed next 300 characters
Another significant point was the question of what punishment should be for people assisting others in taking their identity. For example what if you need more money so you help someone steal your identity to get cash advances on credit cards, than report it claiming you didn't know who took your identity...
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