Deter, detect, and defend against identity theft with this information from the Federal Trade Commission. They suggest that we can deter theft by choosing strong passwords and safeguarding our social security number. We should read our financial statements and check our credit reports to detect if our personal information has been compromised. Finally, the FTC explains what to do if our identity has been stolen. They advise closing accounts that have been compromised and offer contact information for the three big credit reporting companies.