Define the terms identity theft and phishing Identity theft occurs when a person uses the Internet to steal someone's identity and/or impersonate the victim to open a new credit card account or conduct some other financial transaction. Identity theft can destroy a persons life by manipulating credit records or stealing from their bank accounts. Phishing involves the creation of false emails and/or websites that look legitimate but are designed to gain illegal access to a victim's personal information. Vishing is a form ot phishing utilizing Internet phone protocols.
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