Identity Theft is a growing problem in this modern world due to the continued reliance on computers and technology. It continues to grow everyday as technology advances. The best way to stop Identity Theft is for the users to be aware of dangerous activities that can increase their chances of having their identity stolen. Today, most identity theft protection businesses simply offer identity prevention programs as security measure. However, such preventive measures do not help stop the problem since they usually act after the Identity is stolen and an attempt of using it happened. In this paper we are offering an Identity theft protection system based on the use of the biometric Identifications of the users. Banks and credit card companies could use the proposed protection system. Our primary research goal is to create a software which could also be used as an app for a user's mobile devices that acts as an additional 'door' to the bank accounts, this will allow users to control how much money can be spent at one time, where it can be spent, and even what stores it can be spent at. To show the practicality of our proposed scheme, we present a case study that covers multiple threat scenarios, attackers' goals and motives, and our security defense.