Learn to recognize the potential signs of identity theft. Consistently monitoring your mail, financial records, and credit reports are all vital to detecting identity theft. If you do become a victim, it's best to find out early, so you can take action to minimize the damage.
It wasn't until 1998 that identity theft became a federal crime. The Identity Theft and Assumption Deterrence Act criminalizes the taking of another person's identity (including identifying information such as name, date of birth, and Social Security number).
Discovering you have become a victim of identity theft is devastating -- to your finances, credit rating, and emotional state of well-being. Follow these steps in the unfortunate event that you are the victim on an ID thief.
When someone else uses your personal information to secure a job, get a credit card or loan, or elude law enforcement -- that's identity theft. Each year, over 10 million people fall victim to this insidious assault on consumers' personal, professional, financial and emotional lives.
Over 10 million people a year learn they have become victims of identity theft and it seems there is no stopping this personally devastating crime. Personal vigilance remains the best way to avoid becoming a victim.