Do You Know How to Prevent Identity Theft?

Identity theft is a fast growing crime that victimizesVictims of this crime may not realize they have been
over ten million people each year. This crime cost you,had until the collection agency calls begin to ring their
me and everyone else billions of dollars in lost wages,phone. A bank may try to repossess a car that the
savings, and time. Identity theft is much more thanvictim knows nothing about. The police may contact
some extra paper work for the victim, it is a lifethe victim about a crime committed with his name.
changing problem that just won't disappear as fast asIdentity thieves may use your personal information to
your money.rent an apartment or set up phone service and make
This problem can affect businesses as well asthousands of dollars in long distance calls.
individuals.Prevention is the first step to avoiding a big mess.
There are continuing reports of security breaches,Education and knowledge are the first line of defense
computer systems getting "hacked" and millions ofagainst this crime. An understanding of the tactic and
personal records stolen from large and smallmethods used by identity thieves can go a long way
corporations as well as government entities. Thesetoward keeping your personal information out of the
thefts cause individuals to cancel accounts, creditwrong hands.
cards, and take other difficult frustrating measures toMethods are common among these thieves.
try to protect their assets.Some very popular methods of stealing your personal
Identity theft is fraud.information include, online "phishing"emails and spoof
When someone uses your personal information suchwebsites, mail theft, dumpster diving for discarded
as your name, Social Security number, or otherdocuments, and atm and credit card skimming.
identifying information, without your permission, theyIdentity theft methods can be hard to spot if you don't
have committed the crime of fraud. Fraud is a broadknow what to look for.
definition that ranges from stealing medical records toWith a knowledge of some of the basic methods and
mortgage information. Identity theft also may includea few precautions such as using a paper shredder for
mail fraud, credit card theft, or check fraud.all your personal documents, you can be confident that
Financial Identity Theft is the most common form ofyou will be safe on line or at the department store.
this crime.Although a determined thief will take your information in
The criminal may use your name and SSN to apply forspite of all your efforts to thwart his crime, by learning
credit cards, loans, on line purchases, or car leases.about the methods and tactics of the identity theft
Generally the thief will use the stolen information orcriminal, you can keep yourself safe from the casual
credit card to run up charges on the account. Theor opportunistic criminal. Be aware of your surroundings
account owner may not realize he has been the victimand actions, monitor your credit card accounts
of a crime until months later.regularly, and keep your personal information private.
Calls from a collection agency may be your first clue.