Identity Theft, Identity Theft Protection, ID Theft
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Identity Theft Protection and the Ineffectiveness of Laws

By Amanda Randell
Published: Sunday, September 20th, 2009

Around US$56 billion was lost to identity theft in 2005. That year brought about awareness especially in Congress about this crime. Often, the thieves steal the identities of the consumers. It usually happens when there is a data breach. In simple terms, they steal information of regular people like you and me from corporations of which we are customers.

Having stolen your identities, they use this information to purchase items and services—which you never never make use of. When the corporations charge us—you don’t pay them because you never got to use those products and services that they charge you with. What normally happens is one sues the other—the situation is this: two innocent victims going at each other’s throats in court.

You might wonder to yourself “where is the thief?” Well, you can bet that they’re out there enjoying the services and products they bought using your identity. What’s worse numbers continue to escalate despite the existence of laws regarding identity theft. Since laws don’t really help, you’re just going to have to help yourself—learn about identity theft prevention and protection for your own good.

The main reason why identity theft is so prevalent, it’s because most corporations have flimsy security. Now, laws give incentives for those corporations who strengthen corporate security through identity theft protection. Even the Wall Street Journal doesn’t believe that laws will help solve the problem.

Legislations could prescribe are security solutions that will be called “effective” during one year but will become obsolete and weak in a few years—or with the rate of technology, the most sophisticated security system could be useless in a few months! So how can you start getting effective identity theft protection?

Know your rights and your corporation very well. Before you engage in a transaction that requires that you give money or submit your credit card, do a background check of the corporation. Focus on what sort of complaints do previous customers have with them. See how comprehensive and helpful their customer hotline is.

You see, it’s very difficult to rely on other people with regards to protecting your own identity. You have to find ways to help secure your identity. Since identity theft normally happens through data breach in corporations, it’s really out of your hands. However, you can have identity theft prevention just by ensuring that you don’t give your information to someone not worth your trust.

If you want to protect yourself from fraudulent actions like theft, then you have to do your part. Do your research before giving out your number. Read the privacy policies of sites that you join. So you’ll know what your rights are as a consumer.

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