This crime is usually perpetrated with the aim of obtaining money by false pretences through credit fraud.

Credit fraud is easy, lucrative and offers a very low chance of conviction and punishment. Unsurprisingly, identity theft credit fraud is now a major organized crime money spinner (rivaling narcotics even) and continues to grow fast.

Unfortunately, credit fraud often continues for many months before the victim realizes what is happening. The average un-recovered personal loss is $16,000.

In addition to direct financial loss, victims report ongoing consequences including protracted and difficult negotiations to clear their name and recover credit status.
Some even find themselves arrested for crimes committed in their names.

The average victim spends 600 hours in administration, negotiation and pure hassle to straighten out the damage to their reputation and credit. 

Many victims suffer long term psychological trauma as a result of their experiences.

Like locking your home and car, you need to take I-jacking seriously and take reasonable precautions to protect yourself.  This need not be onerous - see
I-jacking 7-point Protection Plan.