Unless you live in a remote village on some tropical island, it’s almost 100% likely that you or someone you know has been a victim of identity theft. Unfortunately, identity theft is a harsh reality that we all have to accept and do our best to prevent. But have you ever wondered what’s really going on behind the scenes when your identity is stolen? How many criminals are seeing your social security number or your credit card information? This is a very scary thing to consider. According to an article on CBSNews.com here’s what’s happening to your information after it’s been fraudulently taken.
If your credit card information is stolen as part of a large breach, it’s more likely that your identity and information will be sold at least once as part of a package deal. Along the path to fraudulent purchases your card will be valued based on such factors as whether it is proven to be active (typically with small purchases that may go unnoticed) and whether other information is included — such as passwords, Social Security numbers, and birthdates that make it easier to open new lines of credit in your name.
Once your card information ends up in the hands of the final “user,” the fraudulent action can take many forms. The thief may make a duplicate card, choose to open up fraudulent accounts in your name, or simply use your existing card to buy items that can be resold for cash. https://www.cbsnews.com/news/what-identity-thieves-do-with-stolen-credit-cards/
Once you find out that your credit card, social security number or some other personal identifiable information has been stolen, you will have to take some corrective and preventative actions. Start by calling your credit card company and let them know what has happened. If any account were opened fraudulently, you’ll need to contact those companies as well so they can close the unauthorized accounts before more charges are made. File police reports and consider placing a freeze on your credit for at least 90 days. This will prevent anyone from running your credit during that time, so no new unauthorized accounts can be opened.
Use a credit monitoring service to stay on top of daily changes to your credit reports. If any new items pop up that you don’t recognize, it’s likely fallout from the credit card or identity theft. In the future, use some of these tips to help keep your personal information safe.
With all of the creative and technical ways that identity thieves can use to steal your identity, good old common mail theft is still one of the easiest ways for a criminal to steal your personal identifiable information, and use it fraudulently. Unfortunately, mail theft is one of those things we just don’t think much about, with most of us being concerned about online passwords, hackers, phishing email scams and data breaches. These criminals will generally target mail that appears to contain checks or money, but they’re also looking for sensitive information that includes your drivers license number, account numbers and even your social security number. If they get a hold of any of these items, you are likely to be the victim of complete identity theft. The effects of this can be devastating.
Taking the protection of your mail should be a top priority, as it’s one of the places you are most vulnerable to identity theft, yet it’s extremely easy to secure.
Here are some suggestions to avoid having your ID stolen via your mail:
Don’t leave your mail in your home mailbox for the postman to pick up. Instead, take it to the post office. You can also get a locking mailbox, as Barbara did.
Study your bank and credit card statements to make sure all the charges make sense and monitor your credit monthly to ensure no unauthorized accounts have been opened.
To read an personal account of how mail theft leads to identity theft, read this article at abcnews.com.
Facebook has revolutionized the way individuals feel and communicate their ideas. Through status messages, photographs, links and other kinds of posts, individuals of all ages are now able to speak what’s on their mind and reach hundreds, if not thousands of people. Though this might be of some benefit, regrettably, this is a perfect way for criminals and identity thieves to gain access to private information and sensitive data. Identity theft on social media sites like Facebook is now uncontrolled and increasing annually
This information can be used by criminals to open credit lines in your name, because stealing of information occurs through such social-networking sites. They are able to commit these types of offenses: go on a shopping spree, take-out a mortgage, or purchase a car using credit cards in your name. I.D. theft can occur to you personally via your social networking websitea and induce issues for you months and possibly even years later on. Here are a few things you are able to do in order to counter these identity theft strikes.
Secure Your Private Information
FB frequently asks for your own personal information online including your name, address, phone, birth date, and in some rare cases, youSocial Security number and account numbers. Be skeptical of giving away that type of information on social media, since it’s possible that the information could be intercepted and used fraudulently. FB enables you to really set your security settings so you can manage who sees your profile.
Don’t Show Revealing Photographs
Additionally don’t actually put up a photograph of any sort of ID – student , driver’s licence and social security. There’s a single narrative of a man who, after seeing the grave of his own mother, posted a photograph of the tombstone on FB, providing would-be robbers the complete name of his own mother that’s frequently utilized as a protection measure by charge card businesses and lenders. This is really something you ought to never do- enabling felons to figure out your mom’s maiden name.
Use Strong Passwords
Passwords can be hard to recall particularly if you want to possess different passwords for each website that you simply go to. It’s significant to avoid ID Theft on social media websites to produce strong passwords. A strong password is a mix of specific characters, letters and figures, one that the thief might have a difficult time guessing. Among the passwords is really a mix of both lower and upper-class letters. Some specialists within the area advocate putting in numbers within the center of the password rather than in the start or in the end. Remember that in order to truly have a powerful password, the more it’s, the harder it’s for crooks to unearth. Lastly despite all these, use passwords which are simple to recall also – not just only your birth date or your daughter’s birth date, or an old address.
Review Your Credit File Often
It’s significant that you simply review your credit history regularly so that you simply will learn whether there are uncommon and funny activities in your credit file. You can track your credit file by ordering them in the three credit agencies (Equifax, Experian, and Trans Union). You may order these once yearly free of charge or better – subscribe to periodic reports or credit monitoring.
If identity thieves used use their ingenuity to help the world rather than commit crimes, they would probably be regarded as some of the world’s most constructive geniuses. Over the years, many different complex and “unbeatable” security systems have been created. Identity thieves still end up finding a way to break in, especially if there’s easy money to steal available. No matter how effective we thought security systems were, fraudsters always figure out an entry point and make it possible for them and their colleagues to steal personal information to their hearts’ content. Expert software engineers come up with new anti-identity theft software; ingenuous thieves easily come up with a better solution – it’s a constant ebb and flow that feels like has no end in sight.
Just as you think that there is no stopping this cycle, a new method says that there might just be a way to ultimately put an end to identity theft. The best way to deal with these crimes right now is to protect what we currently have and continue improving current security system. With this being said, you should be knowledgeable about different ways identity thieves execute their fraudulent acts. There are many identity-stealing methods you might not be aware of, and there are practically limitless additional ways that aren’t discussed below. Still, here are some of the more “popular” ID theft scams and backdoors to look out for.
- Frequent flier promotions
One thing is clear. These criminals are mainly up to stealing and they won’t take anything that has no value. For an identity thief, your dog’s photos might not be of much use. They would consider something that you use often, though, including essential details about you and the assets that you own. In case you don’t know, even your use of frequent flier miles promotions can be a keyhole for them.
Near the end of 2014, for example, the Associated Press revealed that both American and United Airlines accounts were infiltrated by hackers. Authorities found out that there have been multiple instances where the thieves were able to get free flights as well as seat upgrades. They did this by stealing the clients’ login information and manipulating their accounts. Because of actions like this, we strongly advise that you always see to it that the privacy and safety measures of your online credentials are updated regularly and follow good password best practices. Also, you will have to modify your passwords often. Bear in mind that hackers will have a hard time hacking your accounts if your passwords are suitably complex.
- Health Insurance
Did you know identity thieves will even tap into your healthcare insurance, since they consider practically everything inside it as an asset? Owing money might seem like something they wouldn’t want to hijack, but since medical bills for uninsured people is so expensive, fraudsters see stealing a member’s insurance plan as a lucrative endeavor. Although these thieves will consume the benefits you have available for medical services, the worst thing they do is trick people who owe medical bills into sending money to the criminal instead. Account owners won’t even know someone is using their insurance plans until they suddenly receive communication saying they haven’t been paying their medical costs. To stay on-guard against this, you should vigilantly check your insurance accounts on a regular basis.
- Company communication tools
In this day and age, most companies are already using their own inter-office communication system – Slack, Skype and HipChat are prime examples. Several months before, these and other company communication tools have been targets for data breaches. Hackers are capable of stealing usernames, passwords, email addresses, contact information, login IDs and more. Needless to say, this can be very risky not only for the person who’s details are stolen but also to the company as a whole. To safeguard against this, you and your coworkers should be changing passwords often.
If you can no longer access your account and you don’t know why, there is a large possibility that it has been infiltrated by a type of program called “Ransomware”. These are viruses that enable hackers to access your device and encrypt files so you can’t use them anymore. These criminals then hold the device’s system ransom. Owners won’t be able to regain access until they pay for them in the form of money or important information. Remember that once such viruses have already penetrated your device, it will be very difficult to find solutions, though very savvy technicians can remove the blocks.
Still, you should pay close attention to preventive measures. You can do this by keeping your software security updated and securing a backup for your files. If there is any unknown or suspicious links that appear in your browser, it’s best just to not click them. Likewise, opening emails from unknown people is greatly discouraged, as well as following links that seem out of character for your contacts to send.
Identity thieves will always be there waiting for an opportunity to attack. Keep an eye on anything they could use to make their fraudulent schemes happen. The best identity theft protection is proactive and helps prevent theft before it occurs. Only through diligence can we begin to counter these criminals.
In his celebrated military treatise “The Art of War,” Sun-Tzu wrote about how understanding your enemy and yourself would ensure success in almost any scenario. And while he might happen to be talking to an audience worried about winning and waging wars, it is a principle that holds true in a number of other aspects of existence as well — perhaps not the least which is identity theft. The initial step in knowing the best way to guard your identity from offenders and fraud is understanding how and why you are susceptible in the first place, as well as the way in which thieves find their prey.
Among the greatest risk factors for discovering yourself in the sights of an id thief is your age. While years alone do not establish your susceptibility to idtheft — a a study by the Federal Trade Commission (FTC) identified no more than a-1 percent variation in fraud charges filed by 20-year olds, 30-year olds, 40-year olds and 50-year olds — environmentally friendly and life-style variables that accompany each decade of your life can get you at a higher-risk for fraud.
Here are three demographics which are especially exposed to id thieves:
University students: In your teens and 20s, whilst in school, you have stepped right into an entirely new world of duty and independence. Sadly, many university students do not understand the extent of that duty until it is not too early. School-aged Americans are four-times more probably than another demographic to get their identities stolen because they’ve usually clean credit histories but no expertise with understanding that they are presumed to assess them or assessing them. University students do not help themselves both by sharing personally-identifying information about themselves freely on media platforms or leaving out private files in dorm rooms that are readily reachable.
Service members: There is a greater danger of the information falling into the incorrect hands and being used to perpetrate identity fraud since the armed forces uses private data like Social Security numbers to determine their servicemen as well as girls. In addition, research conducted by Javelin Strategy & Research identified that military personnel typically do not set Active Duty Alarms on their credit documents after they are deployed. Thus, their credit info is susceptible to fraud and abuse by pals and family members.
Senior Citizens: Their incidence of fraud is substantially higher, although less seniors fall victim to identity theft than other demographics. A lot more troubling is the fact that ID theft victims over the age of 55 are less probably than these younger than 55 to realize that their identities were stolen in any way! Telephone scams, phishing, tax frauds and health-related id fraud are one of the most common identity theft strategies employed against seniors.
But while these three people could be particularly at risk for id fraud, it is critical that proactive measures are taken by Americans of ages and occupations from the likelihood of larceny. While there is no bonded type of identity theft protection, there really are several common sense steps you could quickly adopt to mitigate your likelihood of becoming the most recent casualty.
One clever way of keeping ahead of identity thieves would be to join a credit monitoring service. This type of service send you alerts when specific action is discovered that could signal possible identity theft and will track your credit files.
Tips to Avoid Identity Theft
Identity theft is a crime which affects millions of people from different parts of the globe. If you don’t want to be a victim of identity theft, you should know the best safety measures to protect yourself from this growing crime.
There are several tips you may take for consideration when avoiding identity theft and some of them are as follows:
Tip #1: Consider an Identity Theft Protection Service
Numerous companies offer credit monitoring services to help anyone protect themselves from identity theft. Such services are available at reasonable rates. Depending on your preferences, you can choose any identity theft service provider that offers top notch solutions.
Tip #2: Keep All Your Personal Documents in a Safe
If you have important documents, it is always a wise idea to keep a personal safe for your home and a safety deposit box anywhere. You may utilize your safe at home for protecting items including social security card, passport, and birth certificate.
Tip #3: Protect Your Wallet or Purse at All Times
If you are buying purses, choose the ones that can be closed shut or zipped. Try not to make use of bags that some can easily reach into or see. Also, keep bags close to your body with tight grip all the time. Don’t leave purses or wallets in the car and if possible, don’t leave these exposed and never keep them in an obvious place.
Tip #4: Photocopy Every Content of Your Wallet
It is also a good idea to make copies of your ID cards, credit cards, and other personal documents that you usually keep in your wallet. In addition to that, keep records of all phone numbers to contact in case you have to order replacement items or close accounts.
Tip #5: Remove Yourself from Any Promotional Lists
If you don’t want to end up with stolen identity, start removing yourself from promotional lists including pre-approved credit card and junk mail lists. This added clutter does not do any good. In fact, you just put yourself at risk of identity theft if the stranger gets their hands on pre-approved cards.
Tip #6: Examine All Your Bank Account Statements
If you want to ensure that your bank accounts are all safe, always examine all your bank account statements regularly. If you bank accounts have unauthorized charges, never hesitate to call your chosen bank immediately.
Tip #7: Never Reveal Personal Information to Unverified Sources
Regardless if it’s over the internet or the phone, don’t reveal personal information to any unverified sources. Never feel pressured to answer questions if you don’t trust the source. Also, feel free to make a request for verifying information before giving any information.
Tip #8: Shred All Sensitive Documents Before Throwing Them Away
Before throwing your personal documents, consider shredding them first. Dumpster diving is said to be a common way of stealing personal information. Buy shredders for your home or office and ensure that you destroy any paperwork that contain personal details before you discard them. This includes credit, statements, mail, and even receipts.
Considering those tips above can help you avoid identity theft. Implementing them on your daily routine will allow you to save your personal information from this growing crime.
Download the PDF of this article here Tips to Avoid Identity Theft
Credit card fraud is growing at an alarming rate across the globe and most of them involve online transactions. As a matter of fact, credit card fraud online is expected to increase to billions by 2008, based on the analysis of financial experts. This is quite a worrying statistic considering the detailed research as well as efforts from main credit card companies including MasterCard and Visa to prevent this growing fraud.
Typically, credit card fraud is defined as buying products or services from personnel not associated or connected with particular credit card making the transactions. Thus, the merchants are tricked into releasing merchandises or rendering several services to a false identity. The growth of this kind of fraud is still increasing and expected to grow in the long run.
Credit card fraud is a big problem as well as a dilemma within the society today. To reduce the chances of being a victim of credit card fraud, there are several steps you may consider. Subjects may include securing your bank account information, checking statements, keeping the credit cards safe, and verifying your visa card. Some tips may include not giving your PIN or bank passwords to anyone, throwing your bank statements in the bin without shredding it, and many more.
The most typical method used by criminals is targeting cards and other information in offline shops, unsecured online transactions, and in conversation. If you have a credit card, you should not hand over it to anyone. Keep it out from possible fraudsters and don’t write your PIN number. Keeping your credit card in a safe and secure place is also a good idea.
Majority of mail order, internet, and phone fraud happens because of the reason that one’s card details are stolen. Due to this, don’t let your credit card out of sight and pay importance to it if you don’t want to fall from the criminal’s hands.
Keeping your credit card secure and safe can make a huge difference. But, similar to every consultant, fraudsters are also experts in their field and may acquire information from the smallest chance presented to them. So, check your bank statements regularly. When you get your bank statements, check if there are irregular or unauthorized transactions. If the statement presented such fraudulent transactions, call your credit card company or bank at the soonest date and let them know about the illegal activity.
There are other steps you may consider when avoiding credit card fraud. If you don’t want to suffer from the consequences of being a victim of credit card fraud, never forget to do those steps mentioned above and always ensure that your personal information is protected. Today, there are also some companies offering credit card fraud protection services. Depending on your choice, you can try such services to protect yourself from credit card fraud. But, make sure that your chosen provider is reliable and has a good reputation when it comes to providing such solutions as this can make a huge difference in the long run.