How to Prevent Identity Theft

How to Prevent Identity Theft

Identity theft is one of the fastest growing crimes in America today. Being a victim can have a huge impact on you now and potentially well into the future.

 One of the frightening aspects of identity fraud is that it's most often perpetrated by a faceless enemy, and the struggle is fought on many different fronts: online, over the phone and even in the dumpster. However, if you can remember some simple advice and employ some easy tactics, you can significantly reduce your risk of becoming a victim.

Here are some pertinent information about how theives operate and what you can do to stop them. This includes tips on handling your sensitive documents, as well as what to avoid when you check your email or shop online.

What is identity theft?

Identity theft occurs when someone uses your personal informaton without your permission tocommit fraud or other crimes.

How do you avoid it?

• Upon receiving your credit card and bank statements each month, take a close look to make sure that no unauthorized activities occurred.
• Call your bank or credit card company if a statement is late. A missing bill could be an indication that identity theft has occurred or a theif has recently obtained your information.
• Never give out personal information over email, the Internet or the phone unless you have initiated the contract.
• Use intricate passwords for your computer, email and Internet accounts.
• Shred documents, like credit card receipts and insurance forms, that show your personal information before you dispose of them.
• Don't leave outgoing mail in your own mailbox. It's incredibly easy for identity theives to target mailboxes and pull bank numbers from checks, sensitive information from bills and a variety of other sensitive information.
• Keep your Social Security card in a safe location--never keep it in your wallet or carry it around with you.
• Only give out your Social Security number when it's absolutely necessary. Ask if you can use a different form of identification instead.

How do you recognize it?

Your best defense is to be aware. When it comes to your financial information, stay alert and watch for these common signs of identity theft:

1. Bills arrive for a credit card account that you never opened.
2. Your credit card bills included charges you didn't make.
3. Be aware of late credit card statements that arrive after the payment due date.
4. Your bank statements contain unfamiliar transfers or withdrawals.
5. You've ordered new checks, but they haven't arrived at your home.
6. Lenders deny your requests for credit despite previously havng good standing.