Los Angeles, California (PressExposure) July 21, 2009 -- Identity Theft Labs says there is a great need among private individuals and consumers all over the country to protect themselves from the devastating effects of identity theft. There is a need for greater awareness especially with respect to identity theft protection services that are being offered by various companies in the U.S.
Identity theft is a form of fraud that is committed when someone is pretending to be someone else âin order to steal money or get other benefitsâ. Identity theft can be possible or is executed in various ways, including when you lose your wallet, driverâs license or social security number. Once the thieves take hold of your personal information, especially if you donât have prior identity protection, then you are almost powerless to stop their actions and intrusions.
The need for credit protection comes as data has shown that there is no significant decrease in the number of victims and the technology available for identity thieves has become more sophisticated as ever. In 1997, the U.S. Federal Trade Commission (FTC) revealed in a report that around 8.3 million American adults have been victims of identity theft in 2005. It is a staggering data as it also means that 3.7 percent of all American adults have already been victims of identity theft.
Moreover, in its latest report, FTC revealed that identity theft increased by 21% in 2008. John Armstrong, manager at Identity Theft Labs, says it is crucial for all hard-working Americans out there to come to grip with this sad reality by making use of a sort of identity watchdog. The crucial part, he adds, is to determine the trusted company that can offer effective protection from identity thieves.
Mr. Armstrong announces that Identity Theft Labs is committed to help people in discovering âhigh quality, credible, and unbiased reviews of the best identity protection companiesâ by making use of its website. There are several companies that show their intentions to provide identity protection but they are shady at best. Those companies that can really be trusted in terms of ID protection, include LifeLock, TrustedID, Identity Guard, Debix and ID Watchdog. For many years now, Identity Theft Labs has been a reliable company that evaluates, compares and reviews websites of providers of identity theft protection.
Mr. Armstrong emphasizes that people should first make sure that they can really trust the identity service providers by reading, for instance, about LifeLock reviews. People should be vigilant as early as possible but they need to be cautious as well which companies to trust, he adds.