What does an identity theft ring typically do?

An identity theft ring typically collaborates to commit identity theft on a larger scale. These rings are organized groups that work together to plan and execute identity theft schemes, often employing various tactics to steal personal information from individuals, such as hacking, phishing, or social engineering. By pooling resources, knowledge, and skills, members of an identity theft ring can target multiple victims, allowing for a greater volume of illicit activity and potentially increasing their financial gain.

The other options do not align with the nature of identity theft rings. Providing financial education or offering legitimate services are typically associated with legitimate organizations working to enhance consumer knowledge and protection, rather than criminal enterprises. Monitoring credit reports is a proactive measure aimed at preventing identity theft, which also stands in contrast to the activities of an identity theft ring focused on perpetrating such crimes.