Identity theft news is always making rounds! However, there are multiple misconceptions about how to secure you from it. There are identity thieves that focus on your bank and credit card details. Today, an increasing number of identity thefts occur where criminals draw in data about you to steal the complete identity.
According to a Javelin Strategy & Research in 2017, close to 15.4 million identity theft victims got reported back in 2016, 16% more than in 2015. The fraud loss increased by $700 million; account takeover frauds increased by 60%, and card-not-present fraud was up by 40%. No one can stay safe from identity theft! Today, service providers are coming up with ID Guard solutions that can help the situation.
However, it is also essential to learn about identity theft criminals to stay aware and better prepared.
Criminals don’t require your credit card details to steal your data
Identity theft criminals don’t require your credit card to hack your identity. These criminals are smart and crafty. All they will need is just one pertinent piece of data about you, and they will find access to other details. Hence, identity protection solution providers suggest that it is necessary to keep all essential documents locked up at home. It is essential to secure social security cards, birth certificates, passports, and others safe. You should also confirm the credit cards that you don’t use.
The non-financial data people reveal online is sufficient for criminals
You must stay aware of the personal facts that you share online. For instance, you shouldn’t list your exact birth details on social media platforms to give criminals ample clues. Neither should you list a telephone number and residential address on any website for business and personal use?
You need to review every credit card and bank statement monthly or weekly
You need to watch out for charges that are less than one or two dollars from companies you don’t know! The criminals who plan to buy stolen credit card details usually test and check if the account is still active. That is why they send small charges. When the initial payment succeeds, they aim for a higher number. The truth is most credit card holders don’t notice minor charges. Also, the fraud alerts that people set don’t get triggered by minimal amounts. It is necessary to review the credit report weekly to stay aware of any fraudulent activities.
Identity theft criminals target tourists and travelers
Many identity theft security organizations alert travelers and tourists concerning identity theft. It is necessary to stay aware of the random devices where travelers and tourists log-in on their journey. The tools might track their credit card and other financial data and plant an identity theft attack. It is an excellent move to avert public wireless internet connections until a Smartphone or laptop device has advanced security protection.
These are some of how identity theft criminals work to steal crucial financial data. It has become necessary more than ever to invest in an identity protection solution.
Pete Campbell is a social media manager who has worked as a database administrator in the IT industry who also suggests using ID Guard and has immense knowledge about email marketing and Instagram promotion. He loves to travel, write and play baseball