Protecting yourself from identity theft is more important now than ever before!
Rundown of Identity Theft
The first step in prevention is recognizing what identity theft is and why it’s dangerous. A simple description of identity theft is a crime in which an individual’s personal and/or financial information is illegally obtained, most commonly for financial gain. With your information, that criminal could then:
- Withdraw money from your bank account
- Steal your tax refund
- Sell your information to others
- Apply for loans, credit cards, etc. in your name
Recognizing Identity Theft
Now it’s time to understand what the signs of identity theft are so you’re prepared if you were ever put in this situation. If you start noticing any of these things, identity theft may be the problem at hand:
- You notice unusual or unrecognizable withdrawals from your bank account
- Your tax return received a rejection notice
- You are turned down for a loan for bad credit when you have good credit
- You notice an absence in your household bills coming through the mail
Preventing Identity Theft
The good news is there are a lot of things you can do to protect yourself from crimes like this. To make it not so easy for criminals to steal your information, follow these important steps:
- Never give out personal information such as your Social Security number or bank information
- Destroy private records with a paper shredder before throwing it in the trash
- Check your bank account and credit reports regularly for suspicious activity
- Create strong passwords and use different passwords for each account you own
- Don’t click on unknown links and don’t enter any login credentials on an unfamiliar login screen
- Never carry your Social Security card on you, but instead keep it in a safe and secure place in your house unless you need to access it
When it comes to protecting yourself from identity theft, the more precautions you take, the better! Make 2021 the year you decide to up your security game and take proper action. To learn more about cybersecurity or to discuss the financial services we offer, visit our website.