Identity theft is increasing at rapid pace. It’s become so prevalent that for the last twelve years it’s been the number one complaint consumers file with the Federal Trade Commission (FTC). It’s no wonder the numbers of incidents are growing each year. In 2011 (the most recent year that has reporting data available), identity fraud grew over ten percent.
With the amount of personally identifiable information (PII) being kept electronically, subject to hackers, as well as the old fashioned ways of obtaining sensitive data, it’s no wonder that identity theft reports are on the rise. There are things that you can do to help protect yourself and your identity. You can enroll in a credit monitoring program to ensure you stay up to date on any changes to your credit history; you can purchase identity theft protection to keep a close watch on your information; and you can also use resources available from the Federal government, such as this video from the FTC.