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Archive for the ‘Identity Protection’ Category

Protect your Identity

Brought to you by: The Frugal Buzz On August 2, 2010 No Comments

Today, I want to pass along some information on one of the fastest growing crimes in the United States – Identify Theft and offer some tips on how you can protect yourself and your family.  According to Javelin Strategy & Research 2010 report on identity fraud in 2009:

  • 11.1 million adults were victims of identity theft in 2009
  • The total fraud amount was $54 billion
  • 13% of identity fraud crimes were committed by someone the victim knew
  • Identity fraud victims increased by 12% in 2009 and the amount of fraud increased by 12.5%. This is the highest rate of increase since the company began issuing the report 7 years ago.
  • According to the Identity Theft Resource Center , most people don’t discover identity crime(s) from anywhere between 6 months to two years.

How to Protect Yourself from Identity Theft
According to the Federal Trade Commission, early detection of a potential identity theft can make a big difference. Keep an eye out for any suspicious activity by routinely monitoring:

  • Your financial statements. Monitor your financial accounts and billing statements regularly. Look for anything suspicious like charges you did not make, etc.
  • Your credit reports. Monitor your credit reports at least once a year. Credit reports contain information about you, including what accounts you have and how you pay your bills. An amendment to the federal Fair Credit Reporting Act requires each of the major nationwide consumer reporting agencies to provide you with a free copy of your credit report, at your request, once every 12 months. If an identity thief is opening credit accounts in your name, these accounts are likely to show up on your credit report.

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