The rise of technology has benefited society in countless ways, but it has also made it easier than ever for bad actors to commit identity theft and credit fraud. A serious threat, identity theft involves a would-be imposter intercepting your personal information – such as your name, credit cards, bank accounts, driver’s licence, and even your Social Insurance Number among others – with the intention of using your identity to commit fraud.
Protecting Your Personal Information
Although identity theft is all too common these days, there are ways you can prevent it, or at least reduce the risk of becoming a target to these criminals. Sometimes, the perpetrator may even be someone you think you can trust, possibly a relative or friend, so you should never share your personal information with anyone. There are other steps you can take to protect yourself from the dangers of identity theft, including the following:
1. Avoid carrying around your personal information with you everywhere. Do you really need your passport, birth certificate, Social Insurance card, or extra credit cards to go to the store or your friend’s house?
2. Whenever you use your debit or credit cards, always take the receipts with you and shred them before disposing of them.
3. Never leave your purse or wallet unattended in plain view, even inside a locked vehicle.
4. Don’t create passwords and personal identification numbers that are too easy to guess, and try to memorize them if possible.
5. If you find an offer that seems too good to be true, it probably is – scammers will often ask you to enter your precious PI to enter a fake contest or qualify for a phony refund.
Keep An Eye On Your Credit
The best way to fight identity theft in real-time is through a credit monitoring service. This will allow you to monitor your credit report anytime you want and can alert you if suspicious activity has taken place. With a helping hand, and a proactive approach, you can be prepared for identity theft and credit fraud. Be aware, and try not to let it happen to you.
Have a nice day!