Safeguards against identity theft include using strong, unique passwords for accounts, enabling two-factor authentication, and regularly monitoring bank and credit card statements for unauthorized transactions. Individuals should also be diligent about sharing personal information, limiting it to secure and verified sources only. Utilizing credit monitoring services can be beneficial, as they alert users to suspicious activity. Additionally, shredding sensitive documents and educating oneself about the latest phishing schemes can greatly reduce vulnerability to identity theft.