As technology has developed, identity theft has become more widespread, as has the financial destruction it often leaves in its path. Another area that has been greatly impacted by the proliferation of identity theft is car theft.
In the 1990s, about 10% of stolen vehicles were acquired using fraudulent applications. By the 2000s, that percentage had ballooned to 70-75%. In 2003, The Red Flags Rule was enacted by the FTC. This rule requires businesses and organizations to design and enforce a written identity theft prevention program to detect “red flags” of identity theft in their day-to-day operations, take steps to prevent it, and minimize its damage.
To help you detect potential identity theft, we put together this list of 5 key areas you should watch out for.