"Identity fraud" or worse, "identity theft" are BS terms made up by the organizations responsible for the actual underlying crime. Example: a criminal gets cred

"Identity fraud" or worse, "identity theft" are BS terms made up by the organizations responsible for the actual underlying crime. Example: a criminal gets credit cards issued in your name and your bank screams "Identity Theft!" when this is just good ol' fashioned fraud enabled by their crappy process and antiquated security. The difference is the former is your problem while the latter is all theirs. Plus they get the chance to sell you another service to protect you from their mess. $PROFIT !!!