IDENTITY THEFT or commonly known as id theft is one type of crime where one person use some very crucial key piece of information of other persons such as credit card number, account number, social security number in order to portray someone else. That information can be used to obtain credit, merchandise, property and services in the name of the dupe person. IDENTITY THEFT is the most profitable crime mostly used to achieve financial gain, and the crimes incorporated by the masters of identity theft are often assigned to the victim. Not only has the thief acquired money of the victims but often the use it to commit crimes and illegal activities to the name of the victims. By stealing identity like account number or social security number the thieve can open a bank account or credit card account and then apply for loan and remove funds from varying financial accounts.