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The crime of identity theft is becoming increasingly complex and increasingly more complicated as reported cases continue to rise. Recently, a woman was arrested for identity theft who had 12 cellular phone contracts fraudulently taken out using the identities of other people. In another reported case, an identity thief had gotten approved for a loan for $500,000 in the US.

Many banks and financial institutions are now creating departments that are tasked specifically with combating this type of crime. In most cases this is a division of the institution’s anti-fraud department, but in other situations, the identity theft crime has become so prevalent that entire departments have been setup to develop methods to effectively fight it.

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What do you normally use as a login name or nickname when you register for an online service? Many people use a number or a keyword that is easy to remember and the easiest thing to remember is obviously your own name. However, your own name is the last thing you should use for any kind of login details and the same rule applies when you choose an e-mail address.

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Identity theft is one of the fastest growing problems in the US. According to the Identity Theft Research Center, there were 15 million identity theft victims in 2006 which is about a new victim every 2 seconds! In 2004 victims of identity theft spent an average of 330 hours often spanning over years to recover from this crime.

Even after the identity theft criminal stops using the victim’s identity, the victim generally has to deal with increased credit card and mortgage interest rates, increased insurance rates and fighting with creditors and collection agencies who refuse to update records despite having evidence of the crime. We should all take precautionary action to prevent thieves from racking up debt in our names and trashing our credit. Here are a few tips on how to protect yourself against identity theft and avoid such hassles:

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Eleven states including Alabama, Alaska, Arizona, Georgia, Idaho, Iowa, Michigan, Missouri, Oregon, South Carolina and Virginia still don’t have credit-freeze laws. A credit-freeze is no more than the ability for you to put a temporary freeze on your credit report, locking out the criminals, and putting you in charge. Businesses don’t like it, but you should. Here’s why…

Identity Theft is No Joke

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