Identity Theft

Identity theft has been present for years, but new technology has increased the incidence of this crime. Identity fraud affects about everyone – the young and the old as well as those who are dead. As the repercussions of identity fraud are severe especially for your finances, you need to take precautions to mitigate the dangers of identity fraud. The most basic way of averting identity impersonation is to ensure that the thieves do not have access to your identity or personal information by cutting all documents containing any personal information such as birthday, address, debit card numbers, social security numbers, and so on. Another way of safeguarding yourself from identity theft is to avoid revealing personal information and passwords over email. Banks will never ask for your password and any phone call asking you for this information is likely to be for identity theft. In order to spot identity theft as soon as possible you need to check your credit statements. This will help you notice any discrepancy as soon as it occurs enabling you to alert the relevant authorities and ending the theft of your identity. Even when you take precautions, there are chances of identity thieves obtaining your passwords. To avoid this, you should change your password often and never use the same password for more than a single account. If your debit card is stolen, report this immediately to the debit card issuer as well as the police. This will ensure that the stolen credit card cannot be misused. When you move, ask the post office to forward all mail to your new address. This will ensure that mail containing sensitive personal information does not fall into the hands of identity thieves. While online purchases are quick, they can lead to identity impersonation. To avoid this make sure that you use only secure sites for online transactions. Since online transactions can easily be hacked, you need to install firewalls in your tablet. This is important if you use your computer to make online transactions. Identity theft is here to stay and you need to take proper precautions to protect your finances and credit rating.

November 9, 2014