Identity theft is a common fear among consumers who use credit cards. Many experts agree that college students are at a higher risk for identity theft, according to the Ventura County Star.

College students may be receiving financial independence for the first time, and therefore may unknowingly take greater risks with their credit cards than are prudent.

Additionally, college students often live with many other people, most of whom are strangers. Their living situation, combined with their propensity to share information online, adds to their risk of experiencing identity theft.

In total $500 million is lost annually due to credit card fraud., according to SpamLaws.com. And, it seems, the instances of credit card fraud. and the amount of money stolen are on the rise.

The best way to avoid becoming a victim of identity theft is to minimize your reliance on credit cards. There are many companies that provide secure ways to shop online. without revealing too much information. Minimize risky behavior by shredding all documents that contain personal information, and never give out your credit card number unless you can be sure the recipient is trustworthy.