Identity Theft Quiz: Types of ID Theft to Know

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Questions and Answers

What can happen if identity thieves get hold of your Social Security Number?

They can obtain credit cards to pay off outstanding balances.

They may pose as you to receive free medical care.

They can open fraudulent accounts and make purchases with your identity. (correct)

They will use it to commit child identity theft.

What is the most common form of identity theft?

Medical Identity Theft

Child Identity Theft

Synthetic Identity Theft

Financial Identity Theft (correct)

How does Synthetic Identity Theft differ from other types of identity theft?

It combines real and fake information to create a new identity. (correct)

It involves using someone's Social Security Number to apply for credit cards.

It involves posing as another person to obtain free medical care.

It uses a child's identity for personal gain.

In what type of identity theft does someone use a child's identity for personal gain?

Child Identity Theft Signup and view all the answers

What negative consequences do victims of identity theft typically face?

Damage to credit, finances, and reputation Signup and view all the answers

How does Financial Identity Theft primarily impact the victim?

By causing damage to their credit and finances Signup and view all the answers

What is the purpose of intellectual property rights (IPRs)?

To give owners control over the use of their intellectual property Signup and view all the answers

How long were patents valid for before June 8, 1995?

17 years Signup and view all the answers

What happens to the details of a patent after its expiration date?

They are made public Signup and view all the answers

Which of the following is NOT required for copyright infringement to occur?

The duplicated content is an exact replica of the original Signup and view all the answers

What is the purpose of a non-disclosure agreement (NDA) in relation to trade secrets?

To protect trade secrets from being disclosed to unauthorized parties Signup and view all the answers

What action constitutes trade secret infringement?

Disclosing all or parts of a trade secret to unauthorized parties Signup and view all the answers

What is the primary purpose of intellectual property rights (IPRs)?

To allow owners to restrict others from using their work without permission Signup and view all the answers

How long are patents valid for if filed after June 8, 1995?

20 years Signup and view all the answers

What is the key requirement for copyright infringement to occur?

The original work must be a legally protected copyright Signup and view all the answers

What is the primary purpose of a non-disclosure agreement (NDA) in relation to trade secrets?

To ensure the confidentiality of trade secrets between parties to the agreement Signup and view all the answers

What is the key difference between patent infringement and trademark infringement?

Patent infringement involves using a legally protected patent without permission, while trademark infringement involves using a licensed trademark or a similar mark. Signup and view all the answers

What is the primary consequence of trade secret infringement?

The owner of the trade secret can file a civil lawsuit for damages Signup and view all the answers

Study Notes

Identity Theft

Identity theft is the crime of obtaining another person's personal or financial information to commit fraud, such as making unauthorized transactions or purchases.
It can be committed in many different ways and victims are typically left with damage to their credit, finances, and reputation.
There are five types of identity theft: financial, social security, medical, synthetic, and child identity theft.

Types of Identity Theft

Financial identity theft involves using another person's identity or information to obtain credit, goods, services, or benefits.
Social security identity theft involves using a stolen Social Security Number to apply for credit cards and loans, and to receive medical, disability, and other benefits.
Medical identity theft involves posing as another person to obtain free medical care.
Synthetic identity theft involves combining real and fake information to create a new identity, which is used to open fraudulent accounts and make fraudulent purchases.
Child identity theft involves using a child's identity for various forms of personal gain.

Intellectual Property Infringement

Intellectual property rights give owners the ability to bar others from recreating, mimicking, and exploiting their work.
There are four types of intellectual property infringement: patent, copyright, trademark, and trade secret infringement.

Patent Infringement

Patent infringement occurs when a legally protected patent is used by another person or company without permission.
Patents filed before June 8, 1995, are valid for 17 years, while patents filed after this date are valid for 20 years.
After the expiration date, the details of the patent are made public.

Copyright Infringement

Copyright violations occur when an unauthorized party recreates all or a portion of an original work, such as a work of art, music, or a novel.
The duplicated content need not be an exact replica of the original to qualify as an infringement.

Trademark Infringement

Trademark infringement occurs when an unauthorized party uses a licensed trademark or a mark resembling the licensed trademark.
This can be done to disrupt business and attract customers away from the rightful owner.

Trade Secret Infringement

Trade secrets are often protected by non-disclosure agreements (NDAs).
When a party to the agreement discloses all or parts of a trade secret to uninterested parties, they have violated the agreement and infringed upon the trade secret.
It is possible to be guilty of trade secret infringement even when an NDA is not present.

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Description

Learn about the different types of identity theft, including financial identity theft. Understand how identity theft can lead to credit, financial, and reputational damage for victims.