Identify theft refers to any fraud that takes form of pretence to be someone else with a motivation of stealing money or to get any other benefits. The use of the term identity theft is actually a misnomer because it is difficulty to steal individual identity. One can only use identity theft but not really steal it. The main aim of identity theft is to gain individual identity in order to use it for monetary or any other benefit. On the other hand, an individual whose identity is stolen suffers negative consequences in different ways. Identity theft is a new crime in the world that has increased with the new technology. Many countries have specific laws which are aimed at making identity theft a crime but others are yet to put in place strict laws that make identity theft a crime.