Identity theft protection: What to doPosted: 2 years ago by sweattshop Identity theft occurs when someone uses your personal identifying information, like your name, Social Security number, or credit card number, without your permission, to commit fraud or other crimes. The Federal Trade Commission estimates that as many as 9 million Americans have their identities stolen each year. In fact, you or someone you know may have experienced some form of identity theft. Repairing the damage caused by identity thieves takes time and money. Comments: 0 Score: [-] -33 [+].