Tliis guide focuses on the growing problem of identity theft, and provides some ways you can avoid becoming a victim.
The problem of identity theft has been a growing concern in recent years, and both ordinary people and law enforcement officials have taken notice of this growing problem. The motives behind identity theft vary somewhat, but they are invariably financial in nature, and those who fall victim to this growing scourge can expect to spend many hours Avoiding Identity Theft, and often hundreds of their hard earned dollars, to get recover their good names.
Even after the initial problems with identity theft have been resolved, many victims find themselves dealing with the repercussions for many years to come. The insidious nature of identity theft makes it difficult for banks and other potential lenders to determine if negative events in a credit history are legitimate or the result of identity theft. That is one of the reasons why it is so very important for consumers to be vigilant and to be always on the lookout for signs of identity theft.
Credit Card Fraud vs Identity Theft – There is a Difference Avoiding Identity Theft
Many people are of course familiar with the problem of credit card fraud, and many of us take great pains to protect our credit cards from improper use. There are many ways that fraudsters gain access to credit card information, from the old fashioned method of fishing receipts out the trash to more up to date practices such as using specially designed card readers to capture credit card numbers
While there is no doubt that credit card fraud is a serous problem, and that it costs banks, credit card issuers and merchants millions of dollars in losses every year, the problem posed to actual consumers pales in comparison with the more serious problem of identity theft. It is important, therefore, for credit card holders and ordinary consumers to protect their identities just as carefully as they protect their credit card information.
Avoiding Identity Theft One of the most insidious aspects of identity theft is that it can go undetected, sometimes for long periods of time. While a careful review of the monthly credit card statement can reveal a problem with credit card fraud right away, victims of identity theft often do not realize their personal information has been compromised until many month after the fact. This can make the process of cleaning up the mess, and determining which transactions were fraudulent, a great deal more difficult.
What is Identity Theft?
Identity theft differs from credit card fraud in that the Avoiding Identity Theft