Identity theft is something that’s become rampant in modern-day times. We’ve all heard the term, and chances are you and I both understand someone who was personally effected by it– and that’s if we’re not/haven’t been effected by it personally.
In fact, did you know it’s such a big problem that 1 in 4 Americans have reported being victims of identity theft? Did you understand it’s such a big issue that 1 in 4 Americans have reported being victims of identity theft? Or that more than 1.5 billion personal records have been exposed in data breaches? How about that cybercriminals are taking more than $1.5 trillion internationally each year?
Whether you’re worried about yourself, your parents, or perhaps your young children- nobody is safe from this occurring to them. In fact, due to their social security number and clear credit, kids have a big risk of identity theft!
It appears no matter which way you turn these criminals are stealing our personal data for their own gain. What are the kinds of identity theft to look for? How do they even get our data? What can you do to protect yourself and your liked ones? Let us discuss the in’s and out’s of identity theft.
What Is Identity Theft? Am I At Risk?
Identity theft is the prohibited use of another person’s personal recognizable information with the intent to commit fraud or gain financial advantages in their name. If your identity or the identity of your kid has been taken, identity burglars may open brand-new charge account, file fake income tax return, purchase or lease residential or commercial property, or get loans that damage your monetary health and credit rating.
Identity theft is a severe criminal activity in the United States. In fact, based on an online survey of 5,020 United States adults carried out by The Harris Poll on behalf of NortonLifeLock, over 12.6 billion dollars were stolen from innocent victims of identity theft in 2019.
Thankfully, you can take actions to assist prevent having your identity taken. However first you’ll need to understand how identity theft takes place, how to spot it, and the kinds of theft that are common.
What Are The Types Of Identity Theft?
Most people do not recognize that there’s a few types of identity theft to be on the lookout for. The four primary types consist of:
- Criminal Identity Theft— When someone dedicates a crime and offers the cops false determining information
- Medical Identity Theft— When a thief steals a health insurance card and gets healthcare or prescription drugs
- Tax Identity Theft— When a criminal files a income tax return in your name and nabs your refund
- Kid Identity Theft— When a burglar opens accounts using a kid’s Social Security number
Normally, cybercriminals are looking for the following little bits of details about you when they’re attempting to take your identity:
- Social Security Number
- Full name
- Date of Birth
- Credit Card or Bank Account Numbers
- Automobile Insurance or Medical Insurance Account Numbers
- Details that Provide Answers to Your Account-Recovery Questions (Mother’s Maiden Name, Home Town, etc)
What Can Happen If My Personal Information Is Stolen?
If you’re thinking, “Why would someone want my identity?”– there’s actually a great deal of reasons. For an identity thief, opening credit cards in your name, making deceptive purchases, or using your individual details when being questioned by the cops are just a part of a long list of what they have the ability to finish with your taken identity. A few of the most typical things they do consists of:
- Open brand-new charge card in your name
- Make deceptive purchases
- Visit to personal accounts ( e-mail, social media, bank, etc.)
- Open new phone and utility accounts in your name
- Clone your ATM or debit card
- Change your billing address
- Obtain a new motorist’s license or official ID
- Utilize your identity when questioned by cops
It’s crucial to understand that identity theft can happen to anyone at any time. Your identity is built on multiple layers that consist of more than just your social security number. What we call your “identity” is the total collection of your personally identifiable details. When they access to this details, they have the ability to, in essence, become you.
Common Ways Personal Information Is Stolen Online
For starters, watch out for “shoulder surfing”. This takes place when thieves peek over your shoulder as you type sensitive details into a computer, phone or ATM. Or they may listen as you telephone and provide your account info.
Next is what we call “dumpster diving”. This is when a thief sorts through your trash bin. Discarded checks and credit cards are simply two sources of extremely valuable individual info.
Be weary of public Wi-Fi. Public Wi-Fi normally doesn’t secure data, so anybody with the Wi-Fi password and some knowledge can monitor what you see and send out. The hacker might devote identity theft if he/she obstructs your info.
Make certain a site is encrypted before you use it for any financial deals. Generally, you’ll see a photo of a lock in the URL field, and the URL will consist of “https,” suggesting it’s secure.
Lastly, watch out for identity thieves who call you from a telephone number or email address tailored to look familiar and reliable. This approach is known as “phishing”, and the objective is to get individual details from you.
How Can I Stop Identity Theft From Happening?
Identity theft is genuinely something scary and something you can’t be specific you’ll avoid– no matter how cautious you are. In fact, none of us are safe from it without the appropriate support.
That’s where IdentityIQ comes in– our # 1 most recommended credit monitoring & identity theft protection service.
If you’re worried about identity theft taking place to you or a enjoyed one (or it already has), we HIGHLY advise you take a look at IdentityIQ. Their services are tailor-made to your exact requirements, and their protection is industry-leading. Simply a few of the services they use includes:
- Identity Theft Insurance (Up To $1 Million)
- Bitdefender Total Security for Safe Browsing
- Bitdefender Total Security Anti-Virus
- Credit Reports, Monitoring, & Scores from All 3 Major Bureaus
- Credit Monitoring in Real-Time
- Secure Identity Protection
- Dark Web & Internet Monitoring for Personal Information Leaks
- Total Family Protection
- 7 Day Trial to Test Out The Service Risk-Free
As you can see, the list of what they use is big. From the identity theft insurance coverage to repay you for lost wages, legal fees, or stolen funds to the sophisticated credit monitoring to the constant scanning of any leaked individual information, they’ve genuinely got your back.
Everything we’ve personally seen & experienced in our accounts from them, the services they use are nothing but first-rate. Between the available functions and assurance you experience with them, we can with confidence way it’s worth the little monthly cost.
IdentityIQ is something everyone needs. Click here & sign up for a 7 day trial to test out the service for yourself. It’s only $1 and we’re positive you’ll be blown away by what they have to offer!