Identity theft, a cyber-crime causing inestimable damage for scores of ordinary citizens, has prompted passage of the federal FACT Act Identity Theft Red Flags Rule, issued this year. Part of the 2003 Fair and Accurate Credit Transactions Act, the rule aims to combat the scourge of identity theft, which each year victimizes 8.3 million Americans for a total of $15.6 billion in losses, according to the FTC.