Identity theft is a serious crime that costs American consumers billions of dollars and countless hours each year. It occurs when someone uses your personal information without your permission to commit fraud or other crimes.
While you can’t entirely control whether you will become a victim, there are steps you can take to minimize your risk. The Federal Trade Commission (FTC), the nation’s consumer protection agency, encourages consumers to Deter, Detect and Defend to help cut down on identity theft.
Deter
Deter identity thieves by safeguarding your information:
• Shred financial documents and paperwork with personal information before you discard them.
• Protect your Social Security number. Give it out only if absolutely necessary or ask to use another identifier.
• Don’t give out personal information via the phone, mail or the Internet unless you know who you are dealing with.
Detect
Detect suspicious activity by routinely monitoring your financial accounts and billing statements. Be alert to signs that require immediate attention, such as: bills that do not arrive as expected;...