xIdentity theft is when a person’s private information is fraudulently acquired and used by another person. This information includes financial, medical and public data. Among these are a person’s social security number, driver’s license number, home address, date of birth and name. Anything can be stolen.
Identity theft can occur as a result of stolen mail, phishing scams, computer viruses, data breaches, etc. Thieves steal personal information with the intent to commit fraud, drain accounts or do other unlawful activities in someone else’s name. A person might not even be aware that identity theft has occurred until they review their credit report or check their account balances. Identity theft is a growing problem, and many people continue to fall victim each year.
Protecting your identity is very important, as failure to do so can lead to a lot of problems. A person can run into potential problems with the police, the IRS or employers. Job opportunities might diminish due to a low credit score or a tarnished reputation. Debt may also result from identity theft due to fraudulent purchases. Below are tips to protecting your identity.
While complete elimination of identity theft risk may not be likely, you can take precautions to minimize the chances of identity theft. To assist in protection of personal identifiable information and to lower risk of becoming a victim consider the following:
The highest risk of identity theft is online. Make sure to use strong passwords for financial and personal data. Use at least eight characters for your password and make sure to avoid easy or obvious passwords. Try incorporating numbers, special characters and capital letters into your password. Try to avoid using the same password for all social media or websites, and make sure to change them from time to time.
Check financial and medical records at least once every three months. If you track all of your data, it will prove beneficial for you in the event of theft. Keeping a personal record can help catch unusual activity. If there is any unusual activity on your accounts, you will be able to report it in a timely manner.
It's also worth pointing out that you should check your online bank account often to make sure there's no unfamiliar transactions in your checking and savings accounts. If there is, talk with your bank or credit union about the next steps you should take.
Make sure not to post too much information about yourself online. An identity thief can steal your information and answer personal questions on your behalf to gain access to your financial and personal data. Avoid giving out personal information via phone call, text, or through email.
There are many great applications available that help keep track of your finances or fill out taxes. This means a lot of sensitive information could be accessed if your mobile phone is stolen. To avoid this, keep your phone with you at all times and password protect it. You can also use voice activation or fingerprint biometrics to protect your phone.
There are many other ways to protect your identity from being stolen, for example:
Identity theft is an increasing problem that affects the lives of many. It is extremely important to take the necessary precautions to protect personal data including financial and medical histories to minimize risk of identity theft. This article suggests six ways that one can minimize their chances of identity theft. Everyone is strongly encouraged to consider these suggestions and take the necessary steps to secure their information in order to protect themselves against identity theft.