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Rudy Giuliani Has a Message for You: Protect Your Identity

Rudy Giuliani, yes, the former New York City mayor, is on a mission. He wants you to know it's important to be protected. No, he has not suddenly endorsed the NRA or Planned Parenthood. The former politician is concerned about something far more mundane and, frankly, much more common: identity theft. According to Javelin Research (2) , which provides both data and advice to major financial institutions, out-of-pocket costs to consumers hit by this crime have actually decreased since 2004. On the other hand, the number of identity fraud cases rose 13% in 2011, affecting more than 11.6 million adults. (1) In other words, while more people are being victimized by identity fraud, the average cost per victim has declined.This doesn't mean you are safe. Part of the reason for the drop in cost-per-victim is the fact that several federal laws now limit your liability. For instance, if someone makes fraudulent purchases using your stolen credit card, the most you can be held liable for is $50- ...

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