Ethical Hacking Essentials Practice Test 2026 – The Complete Guide to Exam Success!

The correct choice is based on the specific nature of the crime. Financial identity theft refers to the unauthorized use of someone else's bank account or credit card information to commit fraud for financial gain. This can involve stealing funds directly from a bank account, making unauthorized purchases using a credit card, or leveraging the victim's financial information to open new accounts in their name.

Understanding this type of identity theft is crucial as it impacts an individual's financial standing and can lead to significant monetary losses, affecting their credit score and overall financial health. The focus here is on the monetary aspect, distinguishing it from other types of identity theft such as child identity theft, which primarily involves the misuse of a child's personal information for gain, social identity theft, which relates to impersonating someone socially or impersonally, and medical identity theft, which involves someone using another person's identity to receive medical services or medications. Each type offers a unique context in the identity theft spectrum, highlighting the importance of preventive measures and awareness.