| Identity Theft, What is it?
Identity theft is a crime in which personal information such as a name, social security number, date of birth, and address is stolen and may be used by someone to assume someone’s identity, often for the purpose of financial gain. It is also referred to as “identity fraud” when the stolen identity is used to impersonate the victim. Here are some methods a criminal may use to steal your data over the Internet.
- hacking
- spam
- phishing
- social media sites (facebook, twitter, etc)
- file sharing
All these and many more can be targets for identity thieves, since users often make the assumption that these places on the internet are trusted environments. They will begin sharing personal information without understanding the consequences. But know, Identity theft is not just a risk for those of us who use the Internet. Criminals can obtain information by sorting through garbage, eavesdropping, stealing wallets, picking up receipts at restaurants, and other means.
Once enough information has been gathered, criminals may open new credit card accounts, apply for loans, empty your bank accounts, make charges on your credit card, or develop fake forms of identification. Another thing to know is identity thieves will not always use the information themselves. They may sell it to underground markets for financial gain.
What can you do to protect your identity?
- Ensure that any computer used to connect to the Internet has proper security measures in place. Use and maintain anti-virus software and keep your application and operating system patches up-to-date.
- Do not follow links provided by unknown or un-trusted sources.
- Do not open e-mail attachments from unknown users or suspicious e-mails from trusted sources.
- Be careful what personal information you distribute, particularly on social networking sites (Facebook, Twitter), and continuously check to see what information others may be posting about you. Also verify your privacy settings to ensure you are not inadvertently sharing your personal information. Check out these two pages for more information to protect yourself on Facebook. Page 1 | Page 2
- Check your credit reports from all three major credit bureaus (Equifax, Experian, and TransUnion) at least once a year. You are entitled to one free credit report from each bureau every year. You may wish to stagger your requests to check a different credit bureau every four months.
- Guard your personal information, including your social security number. Don’t carry your social security card with you, and don’t provide your social security number to anyone unless they have a legitimate need for it.
- Don’t put your social security number or driver’s license number on your checks.
- Be aware of your surroundings when providing personal information orally. Watch for eavesdroppers.
- Properly discard hard copy documents containing personal information. A crosscut paper shredder works best.
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What should you do if your identity has been stolen?
| The first step is to notify your bank, and any other entities with which you have accounts, to inform them that someone may be using your account fraudulently. File a report with your local police and report the event to the Federal Trade Commission. It is helpful to have your financial statements available to better explain your situation.
Contact all three major credit bureaus to request a credit report, and have a fraud alert or a credit freeze placed on your credit reports to prevent accounts from being opened without your permission.
Continue to monitor all of your accounts for any suspicious activity. |
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