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Dictionary

Corporate Identity Theft is a term used to refer to fraud that involves stealing money or getting other benefits by pretending to be another corporation. The term is relatively new and is actually a misnomer, since it is not inherently possible to steal an identity, only to use it. The corporation whose identity is used can suffer various consequences when they are held responsible for the perpetrator's actions. In many countries specific laws make the use of another person's identity for personal gain a crime. Theft is a crime.