Tips to Avoid identity Theft

Earl Bradley 
Chief Executive Officer 
First Federal Savings Bank
May 23, 2011

CLARKSVILLE, Tenn. - More than 8 million people had their identities stolen in the U.S. last year, according to a report by Javelin Strategy & Research. The report also found that the average out-of-pocket expense for victims was $631 per incident, a 63 percent increase from 2009. In most cases the victim is not liable for the debt caused by fraud but may still have some expenses to clean it up, including legal fees. Criminals use stolen information to access funds from bank and credit accounts, make purchases and even open new accounts to run up bills in someone else's name. Getting everything back in order can be a long and difficult process for victims, even when it doesn't actually cost them any money. Consumers are the best police against identity theft. We can reduce our risk of becoming victims by closely guarding our personal and financial information. Here are a few tips: