history of identity theft
But identity theft, which credit card companies such as the aforementioned are trying to thwart, is anything but humorous. It’s a crime that ruins people financially, personally and professionally, often taking years to recover from. And while credit card companies and the like are doing their best to make it difficult for these thieves to succeed, the Federal Trade Commission’s 2005 statistics on complaints filed about fraud and identity theft offer some sobering statistics, 37 percent of the 686,683 complaints filed were for identity theft, 255,565 complaints were received by the Federal Trade Commission in 2005, nearly 10,000 more than the previous year. Know more on the history of identity theft.