Identity theft is something that’s become widespread in modern-day times. We’ve all heard the term, and chances are you and I both understand somebody who was personally effected by it– which’s if we’re not/haven’t been effected by it personally.
In fact, did you understand it’s such a big problem that 1 in 4 Americans have reported being victims of identity theft? Did you know it’s such a big problem 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 taking more than $1.5 trillion globally each year?
Whether you’re worried about yourself, your parents, and even your young children-no one is safe from this happening to them. In fact, due to their social security number and clear credit, kids have a huge threat of identity theft!
It seems no matter which way you turn these crooks are stealing our individual data for their own gain. What are the kinds of identity theft to search for? How do they even get our information? What can you do to protect yourself and your liked ones? Let us explain the in’s and out’s of identity theft.
What Is Identity Theft? Am I At Risk?
Identity theft is the illegal use of somebody else’s personal identifiable info with the intent to commit scams or gain financial advantages in their name. If your identity or the identity of your child has actually been taken, identity thieves may open brand-new charge account, file fake tax returns, buy or lease residential or commercial property, or secure loans that ruin your financial health and credit rating.
Identity theft is a severe criminal activity in the United States. In fact, based upon an online study of 5,020 US adults conducted 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 steps to help avoid having your identity stolen. However first you’ll require to know how identity theft happens, how to find it, and the types of theft that prevail.
What Are The Types Of Identity Theft?
Most individuals do not understand that there’s a few types of identity theft to be on the lookout for. The four primary types include:
- Criminal Identity Theft— When somebody commits a crime and provides the police false determining info
- Medical Identity Theft— When a thief takes a medical insurance card and gets treatment 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 using a kid’s Social Security number
Typically, cybercriminals are trying to find the following bits of info about you when they’re trying to steal your identity:
- Social Security Number
- Full name
- Date of Birth
- Charge Card or Bank Account Numbers
- Vehicle 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 someone want my identity?”– there’s actually a lot of factors. For an identity burglar, opening credit cards in your name, making fraudulent purchases, or utilizing your individual info 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. Some of the most common things they do includes:
- Open brand-new credit cards in your name
- Make fraudulent purchases
- Visit to personal accounts ( e-mail, social networks, bank, and so on.)
- Open new phone and utility accounts in your name
- Clone your ATM or debit card
- Modification your billing address
- Acquire a new driver’s license or official ID
- Utilize your identity when questioned by cops
It’s essential to comprehend that identity theft can happen to anybody at any time. Your identity is built on several layers that consist of more than just your social security number. What we call your “identity” is the overall collection of your personally recognizable information. When they get to this details, they have the ability to, in essence, become you.
Common Ways Personal Information Is Stolen Online
For starters, look out for “shoulder browsing”. This occurs when burglars peek over your shoulder as you type delicate information into a computer system, phone or ATM. Or they might listen as you phone and supply your account information.
Next is what we call “dumpster diving”. This is when a burglar sifts through your trash bin. Disposed of checks and credit cards are just 2 sources of extremely valuable individual information.
Be weary of public Wi-Fi. Public Wi-Fi typically does not encrypt data, so anyone with the Wi-Fi password and some knowledge can monitor what you see and send out. The hacker could dedicate identity theft if he/she intercepts your details.
Make certain a site is secured prior to you utilize it for any financial transactions. Normally, you’ll see a image of a lock in the URL field, and the URL will contain “https,” suggesting it’s secure.
Lastly, keep an eye out for identity thieves who call you from a telephone number or email address customized to look familiar and trustworthy. This technique is called “phishing”, and the objective is to get personal information from you.
How Can I Stop Identity Theft From Happening?
Identity theft is really something frightening and something you can’t be certain you’ll avoid– no matter how cautious you are. none of us are safe from it without the correct assistance.
That’s where IdentityIQ can be found in– our # 1 most advised credit monitoring & identity theft security service.
If you’re fretted about identity theft occurring to you or a enjoyed one (or it already has), we HIGHLY advise you have a look at IdentityIQ. Their services are custom-made to your precise requirements, and their security is industry-leading. Just a few of the services they provide 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
- Protect 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 offer is big. From the identity theft insurance coverage to repay you for lost earnings, legal charges, or stolen funds to the innovative credit monitoring to the consistent scanning of any leaked individual information, they’ve really got your back.
Whatever we’ve personally seen & experienced in our accounts from them, the services they provide are nothing but first-rate. Between the offered features and assurance you experience with them, we can confidently way it’s worth the small monthly 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!