The threat of consumer identity theft grows greater every year. In 2021 alone, the U.S. Federal Trade Commission received 1.4 million reports of identity theft, which is 25% of all fraud reports—the equivalent of nearly $1.5 billion in losses. Moreover, identity theft reports involving a checking or savings bank account increased 64% from 2020. Physical data theft through “dumpster diving,” when malicious actors steal personal information discarded in trash and recycling bins, remains a common method of identity theft. Rifling through an unsuspecting person’s trash can easily give criminals access to bank account numbers, heath information, tax records, and even social security information. In fact, just one improperly disposed sensitive document can lead to an identity theft. For example, a thief could use a discarded health bill to contact a victim by posing as a medical debt collector and asking for financial information or a social security number. Individuals in the process of moving or spring cleaning their home can be especially strong targets for dumpster divers, as they are discarding larger volumes of information. Without taking proper data protection precautions, there is the potential risk for financial loss.