Identity theft is something that’s become widespread in modern-day times. We’ve all heard the term, and possibilities are you and I both know someone who was personally effected by it– which’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 information breaches? How about that cybercriminals are stealing more than $1.5 trillion worldwide each year?
Whether you’re worried about yourself, your moms and dads, and even your children-no one is safe from this happening to them. In fact, due to their social security number and clear credit, kids have a big danger of identity theft!
It appears no matter which way you turn these criminals are taking our personal information for their own gain. What are the types of identity theft to search for? How do they even get our data? What can you do to safeguard yourself and your enjoyed 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 illegal use of another person’s individual identifiable info with the intent to dedicate fraud or gain financial advantages in their name. If your identity or the identity of your kid has actually been taken, identity burglars might open brand-new credit accounts, file fake tax returns, buy or rent residential or commercial property, or take out loans that ruin your monetary health and credit score.
Identity theft is a serious crime in the United States. In fact, based on an online survey of 5,020 US adults performed by The Harris Poll on behalf of NortonLifeLock, over 12.6 billion dollars were stolen from innocent victims of identity theft in 2019.
Fortunately, you can take actions to help prevent having your identity taken. But initially you’ll require to know how identity theft takes place, how to find it, and the kinds of theft that prevail.
What Are The Types Of Identity Theft?
Most people don’t understand 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 commits a criminal offense and provides the authorities incorrect identifying information
- Medical Identity Theft— When a burglar takes a medical insurance card and gets medical care or prescription drugs
- Tax Identity Theft— When a criminal files a tax return in your name and nabs your refund
- Kid Identity Theft— When a burglar opens accounts utilizing a kid’s Social Security number
Usually, cybercriminals are searching for the following bits of details about you when they’re attempting to take your identity:
- Social Security Number
- Complete 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 believing, “Why would somebody want my identity?”– there’s actually a great deal of reasons. For an identity thief, opening charge card in your name, making deceptive purchases, or using your personal info when being questioned by the authorities are simply a part of a long list of what they have the ability to finish with your stolen identity. A few of the most typical things they do includes:
- Open new credit cards in your name
- Make fraudulent purchases
- Visit to personal accounts ( e-mail, social media, bank, etc.)
- Open brand-new phone and energy accounts in your name
- Clone your ATM or debit card
- Modification your billing address
- Get a new motorist’s license or official ID
- Utilize your identity when questioned by cops
It’s essential to understand that identity theft can happen to anybody at any time. Your identity is built on numerous layers that consist of more than simply your social security number. What we call your “identity” is the total collection of your personally identifiable information. When they gain access to this info, they have the capability to, in essence, become you.
Common Ways Personal Information Is Stolen Online
For starters, look out for “shoulder browsing”. This occurs when thieves peek over your shoulder as you type delicate details into a computer system, phone or ATM. Or they may listen as you make a call and supply your account details.
Next is what we call “dumpster diving”. This is when a thief sifts through your garbage can. Disposed of checks and charge card are simply two sources of exceptionally important personal details.
Be weary of public Wi-Fi. Public Wi-Fi generally does not encrypt data, so anybody with the Wi-Fi password and some know-how can monitor what you see and send. The hacker could dedicate identity theft if he/she obstructs your information.
Make sure a website is encrypted before you utilize it for any financial transactions. Generally, you’ll see a image of a lock in the URL field, and the URL will consist of “https,” implying it’s secure.
Watch out for identity thieves who call you from a phone number or e-mail 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 frightening and something you can’t be particular you’ll prevent– no matter how cautious you are. none of us are safe from it without the appropriate assistance.
That’s where IdentityIQ comes in– our # 1 most suggested credit monitoring & identity theft defense service.
If you’re stressed over identity theft taking place to you or a liked one (or it currently has), we HIGHLY suggest you have a look at IdentityIQ. Their services are custom-made to your specific needs, and their protection is industry-leading. Just a few of the services they offer consists of:
- 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
- Complete Family Protection
- 7 Day Trial to Test Out The Service Risk-Free
As you can see, the list of what they provide is substantial. From the identity theft insurance to repay you for lost incomes, legal charges, or stolen funds to the advanced credit monitoring to the consistent scanning of any leaked personal information, they’ve genuinely got your back.
Whatever we’ve personally seen & experienced in our accounts from them, the services they use are nothing but first-rate. In between the readily available features and peace of mind you experience with them, we can confidently way it’s worth the small month-to-month charge.
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!