How to protect your ID

The numbers are staggering! According to the 2006 Identity Fraud Report, identity theft cost consumers and businesses a whopping $56.6 billion. Identity theft occurs when someone steals your name, Social Security number, bank account number, or credit card to open accounts, make purchases or commit other fraudulent crimes.

The methods identity thieves use include low-tech strategies (like going through your trash can, also known as "Dumpster diving") and highly sophisticated "phishing" scams that include cloned PayPal or bank Web sites that trick you into giving your user name, password or account number. Portsmouth Herald Local Business News: How to protect your ID

Linked by shanmuga Friday, 19th January 2007 1:28AM