What is Identity Theft?
Identity theft occurs when someone uses your personal information, such as your Social Security Number, to commit fraud or other crimes. According to a survey released by the Federal Trade Commission in September 2003, 9.9 million Americans experienced identity theft during the past year, costing businesses and individuals $53 billion. Victims may spend years cleaning up the repercussions, suffering lost jobs and denied loans in the meantime.
The idea of someone stealing your identity is frightening, so we've provided several practical tips and tools to help you protect your information.
Reporting Identity Theft
Unfortunately even the most careful precautions are not fool proof. If you believe you're already a victim of identity theft, follow these easy steps to report the crime.