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Dangers of identity theft:

You may think that identity theft is something that happens to other people. However, your chance of becoming a victim of ID theft is growing.

There was a 13 percent increase in identity fraud in the United States in 2011, with more than 11.6 million adults becoming ID theft victims.

Identity theft is more than a nuisance. It can have serious consequences on everything from your finances to your life.

Financial ramifications of identity theft:

Many people equate identity theft with financial fraud. In many cases, ID thieves are after your credit and you can suffer financial ramifications from this fraud.According to the Federal Trade Commission (FTC), identity theft victims may:Have thousands of dollars in debt accrued in their namesGet a scarred credit historyBe denied loans, mortgages, and employmentNot be able to open a bank accountHave to spend months or years to try to resolve financial errors and problems

Potentially life-threatening complications of a stolen ID:

As noted by a source, medical fraud can be another way your identity may be stolen. ID thieves can assume victims\' identities to obtain prescriptions or medical treatments.

Medical identity fraud can be dangerous because:

You may have trouble obtaining your prescriptions due to another person getting prescriptions under your name.Medical mistakes could be made because of misinformation connected to your name.Untangling your medical records with the thief\'s records can be time-consuming and could delay needed treatment.

Tax ID theft:

tax fraud is an easy way for criminals to make money. In 2013, the Internal Revenue Service gave out $5.8 billion in fraudulent tax refunds.