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Identity theft is accordingly the fastest growing crime in America with over eight million identity theft victims in the United States last year.  Huge sum of $49.3 billion have been consequently lost to businesses and individual victims due to this crime. Identity theft occurs when one person steals another person’s personal information and uses the information fraudulently to obtain a service or credit for his own benefit. Nobody is ever safe today because the flow of information is virtually free and comes in much faster ways.  The crime of identity theft is a fact of life and practically everyone can lose their own identity.  The only way to secure a semblance of protection for identity theft is to be proactive about it.  There are individual companies offering identity protection plan for a monthly fee.  These plans offer more features such as: fraud alerts, credit monitoring, identity theft insurance coverage, stop of pre-approved offers, and will scan the internet for misuse of your credit card and social security numbers.  As of yet, there is no fool-proof way to avoid identity theft but the danger may be lessened if you keep your identity at utmost secrecy to be shared by no one else but yourself.

This entry was posted on Wednesday, July 16th, 2008 at 7:15 am and is filed under Business.