Identity theft is a term used to describe all types of crime in which someone wrongfully takes and uses another person's personal data in some way that involves fraud or deception. Identity theft is a huge problem that is very difficult, time consuming and expensive to fix. Victims of identity theft spend an average of 175 hours and $800 to clear their names. It's best to be aware of the following precautions to avoid having identity theft happen to you. [More]