If your credit card is lost or stolen, you simply make a phone call, report it missing, and a new one is issued. If your drivers licence is lost or stolen then the process is a little more costly and more inconvenient to you, but ultimately it is just replaced and the old one cancelled.
If your identity is stolen, you cannot simply have it replaced. Having someone masquerading as you could have very serious effects that last years, and in some cases a whole lifetime. Imagine for a moment being tracked down because you promised to pay for merchandise, a credit card, a loan, or because you committed a crime — and then trying to explain that it was not you but rather someone else using your name.Continue reading