Certified Identity Theft Risk Management Specialist (CITRMS) Practice Exam

The reasoning behind identifying virtual identity theft as NOT a common type of identity theft lies in the definitions and classifications of identity theft types.

Financial identity theft involves the unauthorized use of someone’s personal financial information, such as credit card numbers or bank account details, to commit fraud. Medical identity theft occurs when someone uses another person's personal information to receive medical care or services, which can lead to massive repercussions in both healthcare and billing systems. Synthetic identity theft is a more complex form where thieves combine real and fictitious information to create a new identity, often resulting in the victim being unaware of the fraud until much later.

In contrast, while "virtual identity theft" suggests a modern and technologically influenced form of identity theft, it lacks specific recognition within the established categories. The term is less defined in the lexicon of identity theft, possibly encompassing various threats online but not fitting neatly into commonly accepted types recognized by experts in the field. Thus, it is appropriate to conclude that it is not a standard classification in the context of identity theft, differentiating it from the other recognized forms.