According to the Privacy Rights Clearinghouse there are over 400,000 thefts of identity each year with that result in more than $2 Billion worth of annual losses for the country. Identity theft is expanding at a rate of 50% per year. Your financial liability is limited to $50. But, your losses will include time and effort to remedy the effects of the theft. Safeguarding Your Social Security Nunber High tech communications have raised notoriety in the rampant theft of identification numbers. The mightiest business tycoon down to the lowest ranking employee in a corporation, company, or any enterprise owns a kind of identity number attached to his being member to any social security group, or kind of financial management for use in billings, daily expenditures, and savings. It will give justice to victims whose pieces of private information are abused carelessly by usurpers. Under the "Identity Theft and Assumption Deterrence Act of 1998," it defined how it is a crime to make unlawful use of another person's identification, which is controlled by mandatory requirement to be identified by just using name or Social Security Number. Most companies and other institutions store information about their clients in databases; if a thief can access that database, he or she can obtain information about many people at once rather than focus on one person at a time. The internet has also made it easier for thieves to sell or trade the information, making it more difficult for law enforcement to identify and apprehend the criminals. However, in the past few years, one's social security number has proven to be the cause that threatens both one's personal protection and security. Identity theft continues to be a threat to many individuals in America and across the globe. Unfortunately, although the social security number is supposed to provide one with security, it has been found most often to be the cause of identity theft. In the world that we live in today and the convenience that we give out our personal information, it only makes us unlikely victims to identity thieves. There is not a single solution to the identity theft problem. But there are ways that we can do to prevent it. All that it needs is awareness. Every one should be aware that such a threat exists.