The Federal Trade Commission estimates that over 9 million American’s have their identity stolen every year, costing them roughly $5 billion annually.  On any given day, most Americans receive personal bills for credit cards and utilities, bank statements, credit card offers, checks, tax returns, and other highly sensitive personal information through the United States Postal Service.  Don’t become another statistic – learn how to protect your identity from mail fraud now.

How it Works

Mail fraud occurs when someone steals or records personal information through the mail system.  Once the thief obtains your proprietary information, they can use your identity in a number of ways.  The most common fraudulent identity theft activities include opening bank accounts, renting apartments, opening credit cards, establishing phone or utility services, counterfeiting checks and bank information, buying cars, applying for jobs or tax returns, and receiving new government identification – all in your name.   When your personal information falls into the hands of a thief, your identity, including your personal finances, is at his mercy.

How to Protect Yourself

To prevent identity theft, the United States Postal Service’s Postal Inspectors suggest that you:

·         Review your consumer credit reports every year.  You can apply for these free reports online.

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·         Deposit mail only in U.S. Postal Service drop boxes.

·         Never leave mail in your mailbox overnight or on the weekends.

Additionally, these tips can also help protect your identity:

• Invest in a locking mailbox vault to safeguard your mail from tampering, theft, or vandalism.
• Contact your financial institutions if you applied for a credit card and did not receive it.
• Contact your service and utility providers if you do not receive your monthly statements and bills when expected.
• Beware of mail solicitations that ask for personal information or financial account numbers in exchange for prizes.

If you believe you are the victim of mail fraud, contact your nearest U.S. Postal Inspection Service office immediately to report the crime.  You also must file a complaint with the Federal Trade Commission and cancel all bank accounts and credit cards that may be affected.

While you can’t thoroughly protect yourself from identity theft, educate yourself on the dangers of mail fraud and continuously monitor your mail.  Remember, protecting yourself from identity theft is about protecting your finances, your future, your credit, and your good name from thieves.