Make sure that no one knows it. If the credit card is approved, the fraudster knows that the path is clear for larger transactions. Obtaining the right kind of security can help people stay clear of identity robbers. Identity theft is when someone steals your personal information, such as your Social Security Number, bank information, or passwords. Identity theft occurs when someone gains unauthorized access to your personally identifying information – such as your name, Social Security Number (SSN), or bank account information – and uses it to commit fraud or other crimes. The crimes that an identity thief is able to commit with your personal information range from applying for a credit card under your name before subsequently racking up prodigious charges to poaching your tax refund. Even worse, they commit crimes under the victim’s name. Smooth-talking criminals can sometimes charm or explain their way around these safeguards and get the company representative to provide them with the information needed to fill out financial account applications, a change-of-address form, or the paperwork needed to get a replacement driver’s license in your name. Your Mail: By stealing your mail, criminals may be able to take advantage of a pre-approved credit card offer, open account in your name, and go on a spending spree.
However, that number is subject to fluctuation as both crime fighting tactics and the methods that criminals use to steal identities evolve over time. If you’re like most people, you use credit cards everywhere, from the supermarket to the neighborhood coffee shop. Receipts showing the use of stolen credit cards to make purchases. Address Manipulation: While you have to “verify” your identity when you change your address by providing a valid credit card or debit card that the USPS will charge $1 to as a test, that’s not an insurmountable task for identity thieves who already have access to one of your credit cards or debit cards. That’s phishing in action. There are numerous things that you have to remember when you are thinking about identity ato takeover protection. Lose your grip. It could make things worse. To make yourself extra sure, check if that agency is connected to a good number of credit firms. Shred Documents: If you make it a practice to shred financial documents and other correspondence that may contain personal information, dumpster-diving identity thieves won’t find much to use in your trash.
It can be difficult to verify that the person is who they say they are, and reputable companies don’t ask you to provide sensitive information.”If someone contacts you claiming to be from your credit card company, do not give out your information, but instead, call the company yourself, making sure to use a legitimate number (such as the one on the back of your credit card),” suggests Steven J. Pilloff, assistant professor of finance at George Mason University. This form of identity theft is quite common, as there generally is no information associated with the child’s name at the time of it being stolen, posing no obstacles for the perpetrator to use it for their personal gain. As you might guess based on the ways in which identity thieves access your personal information, there are some commonsense steps that you can take to protect yourself. Be advised that there are some companies that may have false claims about their services. Sign Up for Credit Monitoring: Credit monitoring services alert you within 24 hours of any change to your credit report. For your convenience, we’ve compiled a comparison of all the major credit monitoring companies’ costs and services.
Medical identity theft is when someone else’s identity is used to receive health care services. This option is ideal for someone who does not feel comfortable in attempting to rectify the effects of identity theft himself. Put a Lock on Your Mailbox: Restricting access to your mailbox – especially when you’re out of town – will reduce the likelihood that someone is able to open pre-approved credit card offers or glean personal information from letters and account statements. Lock Your Credit Reports: Certain states enable consumers to “lock” or “freeze” their credit reports. In unrecognizable account openings or inquiries on credit reports. ATMs by inserting a device that captures the account information of whoever uses it. Synthetic identity theft is when an identity thief uses a combination of personal information to create a credit profile that doesn’t exist. Account takeover is when an identity thief uses personal data to gain unauthorized access to someone’s financial accounts and then makes changes to the account either through unauthorized purchases, or by changing the login credentials or personal information on the account. Offers many opportunities for a thief to steal your credit card number. If you are a victim, request a new card, change your account number, and change your account password and pin number.