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At least once per day, we're seeing examples of digital identity theft. Digital identity theft produces a financial loss of a whopping amount - 50 billion USD per year. What steps can be taken by a single person to take care of their identity? We will provide 5 essential elements that you should consider. Never unveil your personal information and never use the same password on more than one account. Never become friends with fake users who might seek to take over your account or get sensitive information such as personal IDs or passwords.