The Federal Trade Commission (FTC) forecasts that as many as 9 million Americans have their identities stolen each year. Identity theft is so pervasive in society today that you or someone you know may have experienced some form of identity theft.



The crime of identity theft can takes many forms. Identity thieves may utilize your personal information to lease an apartment, obtain a credit card, or establish a telephone account. You may not realize the theft until you receive your credit report or a credit card statement and discover charges you did not incur or perhaps you received a phone call from a debt collector.

The problem of identity theft should be taken seriously. While some identity theft victims can resolve their problems quickly, others spend hundreds of dollars and many days repairing damage to their good name and credit record. Some consumers victimized by identity theft may lose out on job opportunities, or be denied loans for education, housing or cars because of negative information on their credit reports. In unusual cases, they may even be apprehended for crimes they did not do.

Identity theft is a very profitable business for thieves. Skilled identity thieves may use a variety of methods to get hold of your information. Their mode of stealing information may range from old-fashioned breaking in your home to get your personal information to high tech ways such as hacking into your or the government's computers. More common ways to steal personal information include rummaging through trash looking for bills or other paper with your personal information; stealing credit/debit card numbers by using a special storage device when processing your card; pretending to be financial institutions or companies and send spam or pop-up messages to get you to reveal your personal information; deviating your billing statements to a different location by completing a change of address form; old fashioned stealing of wallets, purses and mail; and using false pretenses to obtain your personal information from financial institutions, telephone companies, and other sources.

Once they have acquired your personal information, identity thieves use it in several ways, to include credit card fraud, phone or utilities fraud, bank/finance fraud, and government documents fraud. In order to protect against identity theft, we must deter identity thieves by safeguarding personal information. We should also be wary of suspicious activity by routinely monitoring financial accounts and billing statements. There is no fool-proof way to avoid identity theft. However, there are steps you can take to minimize your chance of becoming a victim, and steps to take to minimize the damage should a theft occur.