Question

Cam just learned that he is a victim of identity theft. What should he do to minimize the damage?

Answer 1

Cam should report the theft, contact financial institutions, and monitor credit reports to minimize the damage of identity theft.

Step-by-step explanation:

Identity theft can have serious consequences, but there are steps that Cam can take to minimize the damage:

1. Report the theft: Cam should immediately report the theft to the police and contact the Federal Trade Commission (FTC) to create an Identity Theft Report.
2. Contact financial institutions: Cam should notify his bank, credit card companies, and any other financial institutions where his accounts are held to freeze or close the accounts and open new ones.
3. Monitor credit reports: Cam should regularly monitor his credit reports for any suspicious activity and sign up for a credit monitoring service for added protection.