Identity Theft: Ways to Prevent it

Identity theft is a very serious crime; if you're a victimidentification purposes.
of this crime it may have serious consequences. ItHowever, this does not necessarily mean that you
could mean difficulty in clearing your credit records,should avoid these transactions. It means that you
getting into debt, losing a lot of money and evenshould be careful when giving away your personal and
getting in trouble with the law. You will also havefinancial information.
difficulty obtaining new jobs or apartments. This isBeing conscious on how you use your personal and
because employers and landlords usually check thefinancial information can prevent completion of identity
credit records of their applicants.theft.
This crime occurs when a thief gets information aboutHere are some tips for safeguarding your personal
your credit card numbers, name, address, socialand financial information:
security number, and other personal information that• Memorize your social security number
should be kept confidential.• Memorize your PIN numbers
After they obtain your personal information, they will• Don't use easy to guess passwords, like
usually make purchases, open bank accounts, applyyour birthday or your mother's maiden name
for loans, apply for new credit cards, get government• Secure your computer by using firewall
benefits, and forge checks in your name.software and always update your computer security
If you're a victim, there are ways to solve this problem;to safeguard your computer from spywares.
You can report the crime to concerned authorities and• Confirm if the website URL that is
you can apply for identity theft insurance.requesting your personal information is authentic or
Many companies are offering insurance for people tolegitimate.
protect their personal information. You can apply for• Beware of emails, especially with
this insurance as an option for homeowner's insuranceattachments, belonging to someone you don't know.
policy. However, having identity theft insurance doesEmails like these contain viruses or spywares that can
not prevent identity theft; it will only help you recover ifeasily be installed in your computer and can send your
in any case you have been a victim of this crime.personal information stored in your computer to
People who become victims of identity theft or identitythieves.
fraud usually do not figure out how their personal• Websites that ask for personal information
information was acquired by the thief. So, it is wise thatshould be secure. A secured website usually has URL
you should be careful about your personal information.that starts with " with the "s" meaning secured.
The best way to prevent this crime is to be careful• Beware of telephone inquiries asking you to
with your personal information. You first have to knowgive your personal information, unless you contacted
how criminals obtain your personal information.them.
Thieves obtain personal information in many simple• If you have lost your credit card, report it
ways. Here are some examples:immediately to concerned authorities. It could have
• By stealing your wallet containing creditbeen stolen by identity thieves.
cards, and other personal information.• Get your mails as soon as it is delivered.
• By going through your garbage for items• Do not discard bank, credit card or any
containing personal information.other transaction receipts in public areas. Someone
• By providing personal information onlinemight obtain these information by dumpster diving.
through email or registration based websites.These are some of the ways to safeguard your
• By pretending to be a new creditor topersonal information. It is important that you should be
obtain your credit report.aware of what you do to items containing your
• By eavesdropping on your phone calls orpersonal and financial information. Practicing these
looking over your shoulder as you use your personalmethods will surely minimize the risk of becoming a
information.victim of identity theft.
• By promising prizes or awards byPerforate or shred important documents containing
contacting you by email that would require you topersonal information such as old credit cards, used
provide personal and financial information.checks and identity cards. You'll never know when
Here are some transactions that also create risk:they would fall into wrong hands.
• Online bankingIf you suspect that something is wrong, report it
• Online purchasesimmediately to the authorities. Be sure that you have
• Storing personal information in yourproof that you have reported such incident by keeping
computerit in black and white.
• Using your social security information for