Identity fraud has existed for years, but new technology has amplified the existence of this offense. Identity theft affects almost everyone – the young and the old as well as those who are dead. As the repercussions of identity impersonation are severe especially for your finances, you need to take precautions to lower the dangers of identity impersonation. The most simple way of stopping identity theft is to ensure that the thieves do not have access to your identity or personal information by cutting all paperwork containing any personal information such as birthday, address, debit card numbers, social security numbers, and so on. Another way of protecting yourself from identity fraud is to avoid revealing personal information and PINs over email. Banks will never ask for your password and any email asking you for this data is likely to be for identity theft. In order to spot identity theft as soon as possible you need to monitor your credit information. This will assist you notice any variation as soon as it occurs aiding you to alert the relevant authorities and ending the theft of your identity. Even when you take precautions, there are chances of identity thieves accessing your passwords. To avoid this, you should change your security number frequently and never use the same security number for more than a single account. If your ATM card is missing, report this at once to the ATM card issuer as well as the police. This will ensure that the lost credit card cannot be misused. When you shift your residence, ask the post office to forward all mail to your new residence. This will ensure that mail carrying sensitive personal information does not fall into the hands of identity impersonators. While online buys are convenient, they can lead to identity theft. To avoid this make sure that you use only secure sites for online buys. Since online buys can easily be hacked, you need to install firewalls in your computer. 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