There may not be a lot you can do to protect yourself from what they may do with the ID they have. However, keep close watch on all your accounts and carefully check all mail in case anything gets charged to you or rented or leased or borrowed in your name.
I don't know how it works in the UK, but did you go to Motor Vehicles or equivalent and report your driver's license stolen? You may want to do that if you haven't already - I believe in covering all bases. Report your passport stolen to the US embassy if you are in the UK or to US immigration if you are in the US. Have you begun the process of replacing your passport?
Make sure you shred all mail with any type of identifier on it - even if it is just a number on junk mail that arrived in your name.
Never throw out receipts from credit cards or even receipts where you paid cash but used a "points" card. The numbers can be identified. Shred them.
Cancel any credit cards that you don't really need.
Change passwords and PIN numbers from time to time.
Pay attention to who could be looking over your shoulder at banking machines. Block the view of the number pad when you are entering your PIN.
Be careful of paying your monthly bills on line. Make sure you keep excellent records of payments and confirmation numbers. I have never had a problem but a friend is still trying to prove to a company that she paid a bill on line almost a year ago, and it is making huge difficulties for her - it is a utility company and they have no record that she paid. Luckily she does have the record that she paid, but even that has not been able to clear up the mess yet.
When you pay at any store with a credit card never let your card out of your sight. Keep your eyes glued to it until it is back in yoru hand, and question if the person "swiping" makes a second "swipe". That can be for a second charge that you might never notice.
Pay scrupulous attention to all bank statements and credit card statements. Question anything you are not sure of. Advise your credit card companies that you want them to check if there are any unusual charges made - the people who stole your ID could be quite good at figuring out how to get your numbers using your ID - I have read a great deal about identity theft. Make sure your credit card companies have a "secret question" for security purposes whose answer that cannot be identified from your ID.
Get a copy of your credit report at least once a year, preferably twice.
It is true that you are probably safe from any financial loss no matter what happens because you reported it. However, that does not mean that things cannot be done using your ID, and it can take you months to sort it out.
I hope these thoughts are of some help.
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