Personal Finance Word of the Day: Identity Theft [Video]

Have you ever been the victim of identity theft?

Identity theft, which topped the Federal Trade Commission’s list of top complaints for 2013, can wreak havoc on your finances.

Identity theft is the act of using someone else’s personally identifiable information to obtain goods and services.

Identity theft can be committed in several ways. Sometimes, it’s as simple as looking through someone’s trash and searching for bank statements or other sensitive information that was carelessly discarded. Other times, identity theft can occur after a data breach.

Click on the video below by the FTC for five tips on how to protect your identity:

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