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Thursday, January 8, 2009

Identity Fraud Protection: Are You Able to Protect Your Identity?

By Harvey Warmuth

Identity theft is one of the fastest growing crimes in America, affecting one in four households. It is a rampant problem that results in millions of dollars worth of damage each year.

Identity theft is often looked at as an individual's problem, though it ultimately affects each and every one of us. We all suffer when identity theft occurs. Identity theft is a type of consumer fraud that occurs when someone steals or assumes another person's identity for the purpose of financial gain, ultimately through some sort of criminal activity.

By stealing personal information such as Social Security Cards, bank accounts, credit card numbers, etc., an identity thief will attempt to open up accounts in your name for their use, or steal money directly from your bank accounts and credit cards. The ultimate goal of identity theft is to financially enrich the thief at the expense of consumers.

In order to not become a victim of identity theft, you need to be very careful with how you handle your sensitive personal data. You also need to be aware of your online activity, including the use of email, as this is becoming an increasingly popular avenue for identity theft.

There are companies that offer identity protection solutions which compliment the steps that you should be personally taking to secure your identity. Due to the fact that the crime of identity theft is on the rise, you need to take some serious measures in the fight against identity theft. One of the best steps to take is to make use of one of these identity theft services.

An identity theft protection company will automatically place fraud alerts on your accounts with the major credit bureaus. Fraud alerts are one of the best ways to prevent identity theft, and can be done manually or through a service. The advantage of using a service is that they will automatically renew your fraud alerts, which is something that has to be done every 90 days.

With identity theft becoming a larger issue with each passing day, it is becoming increasingly important to protect yourself. The use of an identity theft protection solution has become one of the most affective, and easiest, ways of identity theft protection.

Not only will an identity theft protection company really help you protect your identity, if you happen to become a victim of identity theft, they will help you recover from the crime. So when you purchase the services of an identity theft protection company, you are purchasing a safety net in case you do fall victim to ID theft.

With an identity being stolen every four seconds, and with the cost to consumers in the billions, you need to lock down your identity immediately. Protecting yourself from identity theft needs to be your top priority, so that you never have to suffer as a victim of identity theft.

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