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Protect Yourselves From Identity Theft

Have you heard about theft? Or do you even know what damage it will do to your credit account? If not, then here are a few things to give you an idea. Your credit account is like your invisible money and your reputation within a card and a compiled in a set of papers.

All of your transactions are recorded, whether you want it to be or not. It will show everything about you, how responsible you are with your money, bills etc. All of that will attract thieves and if you’re one of the unlucky ones, then you might lose everything you’ve worked hard for. What these thieves do is that they will use your information and use your account to buy or get whatever they want using your using your money. But don’t fret; there are ways that you can do to prevent this from happening.

Identity Theft Services and Bank Fraud

In today’s day and age, a thief can do much more than hold you up at gunpoint in an attempt to take your money, which is why identity theft services are as important as they are. Your identity is vulnerable in any number of different situations, but you have the power to protect it and make sure you aren’t left with no options. Trying to recover from identity theft can be time-consuming and frustrating. A thief can go through and pilfer your banking information and have your checking and savings account emptied before you ever have a clue something went wrong.

Bank Fraud: How Does it Occur?

When you think about it, a crook is going to gain access to a world of information by heading straight to your financial institution. Once they have stolen your contact information and login, they can hack your bank account, change all of your information and wipe your accounts clean in a matter of just a few minutes. It doesn’t take much to destroy everything you have worked so hard to build up.

Bank Fraud Effects

If the identity thief is able to maintain control of your bank account, the effects could be detrimental to your financial portfolio. Not only can they go through and wipe out your finances, but they can take your information and use it to open additional bank accounts and commit banking crimes using your information. Once they know all they need to know about you, they can send money overseas, which makes it near impossible to track. Most of the time, banks are only willing to reimburse you for up to a certain dollar amount. Beyond losing out on valuable money, you could spend months trying to get all of your accounts back under control. No one wants to spend their free time just trying to get everything straightened out.

Impact of Bank Fraud

When looking at all of the complaints filed for identity theft, roughly 9 percent of those victims were from that of bank fraud. The crime continues to rise as more and more thieves understand just how beneficial it can be to take control of another person’s assets. Once an account is taken over by an identity thief, it winds up costing an average of $3,692 for Americans. What would you do with the extra money? Don’t allow yourself to become the next victim. Take the steps now to protect your identity with identity theft services from a team of professionals who cares about you. Contact one of the friendly representatives at Identity Guard today to discuss what we can do for you.

Identity Theft Services and You

A growing crime:
According to the Federal Bureau of Investigation, Identity theft is the fastest growing white-collar crime in the country. Every year, over 15 million people are victims of this crime and need the help of identity theft services. Annually, this type of thieving leaves a trail of roughly $50 billion in losses and damages to victims. On top of that, studies estimate that another 100 million people lose credit cards, driver’s licenses or social security cards or have their information accessed when hackers access banks or government sites.

The thieves are getting smarter and with the help of technology, sneakier. Preventing these predators from accessing personal information is no longer a simple matter of shredding old documents. With access to computer networks and scanning tools, your personal information is at risk most of the time. Waiters who take your card to scan at the register can quickly swipe your card through handheld devices, seemingly innocent website links in your email can give hackers access to your computer and a simple transaction at the gas tank or movie rental machine can result in personal information landing in the wrong hands.

Recovery
With so many ways that thieves can access your personal information, the use of identity theft services can be beneficial. These types of services provide monitoring to ensure that any fraudulent activity on your accounts is caught early, and protection if your accounts are accessed by identity thieves.

Following a breach of your personal information, there will be some recovery time to allow creditors and banks to fix errors and offer additional protection. If your identity has been used fraudulently, identity theft services often recommend several steps:

Continue monitoring your statements: Even though any services you acquire will likely monitor your credit reports and any unusual charges, smaller purchases used to “test” access to your account can go unnoticed. Report any unusual charges to your credit card company or bank.

Change cards: One of the most bothersome results for most people is to receive new bank or credit cards. If thieves used your cards fraudulently, you receive new credit cards with different numbers to protect your account. This prevents thieves with access to your old information from using your card again. If you have any bill payments withdrawn automatically via debit or credit card, remember to have your information changed as soon as possible or you could face late fees.

Change passwords: Along with receiving new cards, you will need to change your passwords to any online accounts. This is usually just a precaution, but if you have been using a birthday or your mother’s maiden name as a password, any personal information thieves may have accessed could grant them easy access to your accounts.

With the risk of identity theft increasing every day, now is the time to take steps to protect your family and your assets. For more information about the type of identity theft protection services available, talk to an Identity Guard representative

Identity Theft Prevention

In today’s world of automatic data storage and retrieval, it is critical that you think about identity theft prevention when providing personal information to someone. Protect yourself both online and offline. By preventing others from getting their hands on your personal information, you protect your good name.

Keeping Information Secure Offline

Lock your personal records and financial documents in a safe place, both at home and at work. Don’t take all of your personal information with you when you go out. For instance, you don’t need to carry your Social Security card.

Before you give anyone any personal information, such as at work or your child’s school, ask them why it is needed and how they will keep it safe.

Buy a shredder and shred all credit card offers, bank statements, doctor’s statements, checks and any document with personal information that you don’t think you’ll need anymore. Before you throw out an old prescription bottle, destroy the label.

Don’t leave outgoing mail in your personal mailbox. Take it to a USPS mailbox or directly to the post office. Try to remove your mail from your own mailbox as soon as possible.

Keeping Information Secure Online

Be alert to phishing, where you receive email from someone claiming to be from a company that you regularly do business with, such as your bank. Don’t give out any personal information over the telephone or on the Internet unless you are the one that initiated the contact. If you receive email from a company that asks for personal information, even if it is your bank, don’t click on it and answer the questions. Instead, use your web browser to go directly to the company site. Even better, look at a document that you know came from the company and call customer service to ask if the company sent the email. If not, expect to receive an email address to forward the phishing email to. Most companies take this type of misuse of their business name very seriously.

If you will be disposing of your computer, use a utility program to wipe clean the hard drive. Before you get rid of your mobile device, check out how to permanently delete information and then carefully follow the instructions after you have transferred your information to your new device. Remove the SIM card plus phone book, calls made and received, organizers, photos and web search history.

Don’t over-share information on social networking sites and keep passwords private. And don’t use personal information, such as your spouse’s name, as the answer to a site’s security question. Before transmitting sensitive information over the Internet, make sure the site is secure by looking for the letter “s” after http.

Secure Your Social Security Number

Never share your Social Security number and birthday with anyone if it can be avoided. With this information, you are leaving yourself open to identity theft. If someone says they need the information, ask why and how it will be used and protected. While your employer needs your Social Security number for tax purposes, and a credit company needs it to check your credit history if you are applying for credit, there are now few other reasons where it is necessary to provide your Social Security number.

Learn more about the identity theft prevention you deserve by contacting Identity Guard.