While identity theft is nothing new, the Web has opened up whole new world of opportunity for identity thieves.
According to the FBI, identity theft is the top online fraud. The US Federal Trade Commission says that identity theft is it's number one source of consumer complaints – 42 percent of all complaints, in 2001.
The thief will use your personal information to open credit card accounts, cell phone accounts, open bank accounts in your name and write bad checks-leaving the victim with the bills and ruined credit ratings. Identity thieves may pose as representatives of banks, Internet service providers and even government agencies to get you to reveal your Social Security number, mother's maiden name, financial account numbers and identifying information.