Here is an interview of a Cincinnati woman who used dumpster diving to get the information she needed to commit identity theft. She says a good target was people who make auto loans. The information would then be used to print fake identification and fake checks. The scam was good enough for a$500-$2,000 a day.
The only way to protect yourself from this type of fraud is to prevent your information from being left in a form that can be read. Shred all that private information and remember to get your mail in a locked box. These small time identity thieves are roaming neighborhoods and don’t mind going around some coffee grounds to get your information.