analyze the following: "COLLAPSE One significant risk associated with private data is identity theft. Identity theft occurs when someone unlawfully obtains and uses another person's personal information, often for financial gain. This can include stealing Social Security numbers, credit card information, or other sensitive data. Once identity thieves obtain access to this information, they can open new credit accounts, make unauthorized purchases, or even commit crimes in the victim's name. The consequences for the victim can be severe, leading to financial loss, damaged credit scores, and a lengthy process to restore their identity and rectify the damages