How to Prevent Identity Theft

Identity theft is a common concern in the United States. As people’s daily lives become increasingly integrated with technology, new avenues for scams and fraud will emerge. This is why it’s important to learn how to prevent identity theft. In 2023, the Federal Trade Commission reported $10 billion was lost in cases of fraud, a 14% increase from 2022. 

Identity theft can result in a costly ordeal for victims, but there are proactive steps and warning signs you can look out for to reduce personal risk. Continue reading to learn more about how to protect yourself from identity theft. 

What is identity theft? 

Identity theft is a crime in which someone steals the personal information of another individual to gain access to private accounts. The resulting crime, identity fraud, is the use of this information to steal money, apply for loans, obtain government benefits or conduct any other illicit financial activity.