Identity fraud, also known as identity theft, is a form of fraudulent activity where an individual's personal information is stolen and used without their consent for financial gain or other illicit purposes. This stolen information typically includes sensitive details such as social security numbers, credit card numbers, bank account information, or personal identification credentials. Identity fraud perpetrators may use the stolen information to open fraudulent accounts, make unauthorized transactions, or commit other fraudulent activities, causing financial loss and significant harm to the victim's reputation and well-being.