Identity theft is a serious problem that poses significant obstacles for both people and companies, as the material you supplied discusses. Identity theft is the illegal sale of your personal information to third parties for the purpose of opening accounts or making purchases without your consent. Individuals whose information is stolen suffer greatly, and businesses may also suffer financial losses and reputational damage. Below is the information about identity theft that has been highlighted in the given references

In one case, three people were accused of planning a scheme to steal $11 million by using fraudulent and identity theft techniques.

An additional piece discusses a data breach that occurred at Medibank, a health insurance provider, and caused experts to express concerns about identity theft.

In addition, there's a caution on identity theft risk in light of hacking incidents that may have compromised people's private information and targeted Optus and Medibank.

These accounts provide real-world illustrations of the frequency and repercussions of identity theft. They stress how crucial it is to protect private data and strengthen internet security protocols in order to lessen the dangers connected to these kinds of crimes.

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