The Federal Trade Commission recently reported that more than 27 million Americans have been victims of identity theft in the past five years, and the numbers are increasing. Earlier, the FTC released its annual report detailing consumer complaints related to fraud. Identity theft again topped the list, accounting for 37 percent of the complaints.
Identity theft involves the unauthorized use of private financial information, such as credit card numbers, bank account numbers, PINs, Social Security numbers, passwords and other personal information. It is imperative today to guard personal information so that it does not fall into the wrong hands.
Among the most common results of identity theft are unauthorized purchases on credit card accounts; withdrawal of funds from checking and savings accounts; the establishment and use of new credit card accounts and other lines of credit, using the stolen identity information; and the establishment of cellular service.
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Please read our Internet Privacy Policy, and learn how your may further protect yourself with our tips on how to Avoid Identity Theft.