Complete Description:This FDIC Consumer News article which provides you with a checklist of ways to reduce your chances of becoming a victim of identity theft and fraud, and resources that can assist if you are now or become a victim of identity theft. Learn to minimize your risk. A con artist who knows your Social Security number, bank account information or other personal details can temporarily become you in order to commit fraud. Fixing the damage could take years. This site includes a checklist for preventing identity theft.