If you have a bank account, shop online, or even pay taxes, you run the risk of identity theft. According to the Bureau of Justice Statistics, more than 17.6 million Americans are victims of identity theft each year. As of 2014, about 7% of U.S. residents ages 16 and older experienced some form of identity theft. This type of theft includes such things as the unauthorized use of credit cards, bank accounts, or the use of personal information to commit financial crimes.
While some identity theft losses are insured by financial institutions, others may be financially and emotionally devastating. One thing that they nearly all have in common is that they are frustrating and inconvenient. In today's digital age, protecting your information is a challenge, but it is necessary. Here are five tips that can help you avoid becoming a victim of an identity theft scheme.