Money: Guarding Your Identity

Identify theft, possibly the most perfect Internet crime, has reached epidemic proportions in the U.S., according to the Federal Trade Commission's first national survey of the problem. The agency reported last week that 3.3 million Americans found within the past year that their names had been used to open fraudulent bank or credit-card accounts or to commit other crimes. An additional 6.6 million reported that unauthorized purchases had been made on their existing accounts. All told, traffic in bogus or stolen IDs costs consumers and businesses more than $50 billion. What can you do to protect yourself?

SHRED YOUR MAIL: Preapproved-credit-card...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!