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The crime of identity theft has conquered America big-time last year in Godzilla-esque fashion.  The sad thing is that it isn’t a good thing at all as more than ten million Americans became identity theft victims in 2007.  Consequently, losses to businesses and individual victims reached to as much as $49.3 billion.  As if that’s not enough, identify theft is also an increasing crime all over the world – as well as debilitating.  We should all be warned of this threat and the potential grave consequences.   Until now, there is no fool-proof measure to avoid identity theft as organized theft rings are almost always one step ahead of everybody.  This is why perhaps the only way to lessen the possibility of identity thief is to seek proactive help from identity protection companies. Some individual companies offer identity protection services for a monthly fee.  Other identity protection plans also offer more features such as fraud alerts, credit monitoring, identity theft insurance coverage, stop of pre-approved offers, and scanning the Internet for misuse of your credit card and social security numbers. Furthermore, some identity theft protection plans being offered by financial institutions reimburse for out-of-pocket expenses up to a certain dollar amount and helps with the process of contacting creditors, writing affidavits and filing reports.