Identity theft is something that’s ended up being rampant in contemporary times. We’ve all heard the term, and opportunities 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 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 data breaches? How about that cybercriminals are taking more than $1.5 trillion internationally each year?
Whether you’re fretted about yourself, your moms and dads, and even your young kids-no one is safe from this occurring to them. In fact, due to their social security number and clear credit, children have a big threat of identity theft!
It seems no matter which method you turn these crooks are taking our personal data for their own gain. What are the types of identity theft to look for? How do they even get our data? What can you do to safeguard 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 unlawful use of somebody else’s personal identifiable details with the intent to commit fraud or gain financial advantages in their name. If your identity or the identity of your child has been stolen, identity burglars may open new charge account, file fake tax returns, buy or rent residential or commercial property, or take out loans that damage your financial health and credit report.
Identity theft is a severe criminal offense in the United States. In fact, based upon an online study of 5,020 United States grownups conducted by The Harris Poll on behalf of NortonLifeLock, over 12.6 billion dollars were stolen from innocent victims of identity theft in 2019.
Luckily, you can take actions to help avoid having your identity taken. But first you’ll require to understand how identity theft occurs, how to identify it, and the types of theft that prevail.
What Are The Types Of Identity Theft?
Most individuals do not recognize that there’s a couple of kinds of identity theft to be on the lookout for. The four main types consist of:
- Criminal Identity Theft— When someone dedicates a crime and offers the police incorrect recognizing information
- Medical Identity Theft— When a thief steals a health insurance card and gets treatment or prescription drugs
- Tax Identity Theft— When a criminal files a tax return in your name and snatches your refund
- Child Identity Theft— When a burglar opens accounts using a kid’s Social Security number
Generally, cybercriminals are searching for the following littles information about you when they’re attempting to take your identity:
- Social Security Number
- Full name
- Date of Birth
- Credit Card or Bank Account Numbers
- Car Insurance or Medical Insurance Account Numbers
- Details that Provide Answers to Your Account-Recovery Questions (Mother’s Maiden Name, Home Town, and so on)
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 reasons. For an identity burglar, opening credit cards in your name, making deceitful purchases, or utilizing your personal details when being questioned by the authorities are simply a part of a long list of what they have the ability to make with your stolen identity. A few of the most typical things they do includes:
- Open new charge card in your name
- Make deceptive purchases
- Log in 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
- Change your billing address
- Acquire a brand-new chauffeur’s license or main ID
- Utilize your identity when questioned by police
It’s essential to comprehend 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 recognizable details. 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 sensitive info into a computer system, phone or ATM. Or they may listen as you telephone and offer your account info.
Next is what we call “dumpster diving”. This is when a burglar sifts through your garbage can. Discarded checks and credit cards are just 2 sources of exceptionally important personal information.
Be weary of public Wi-Fi. Public Wi-Fi normally doesn’t encrypt data, so anyone with the Wi-Fi password and some knowledge can monitor what you see and send out. The hacker might commit identity theft if he/she intercepts your info.
Make sure a website is secured before you utilize it for any monetary deals. Normally, you’ll see a picture of a lock in the URL field, and the URL will contain “https,” meaning it’s safe.
Lastly, look out for identity thieves who call you from a phone number or email address customized to look familiar and reliable. This technique is referred to as “phishing”, and the goal is to get individual information from you.
How Can I Stop Identity Theft From Happening?
Identity theft is really something scary and something you can’t be certain you’ll avoid– no matter how careful you are. none of us are safe from it without the proper support.
That’s where IdentityIQ comes in– our # 1 most recommended credit monitoring & identity theft protection service.
If you’re fretted about identity theft happening to you or a loved one (or it currently has), we HIGHLY suggest you have a look at IdentityIQ. Their services are tailor-made to your specific requirements, and their defense is industry-leading. Just a few of the services they provide 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
- Protect 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 provide is huge. From the identity theft insurance coverage to compensate you for lost incomes, legal charges, or taken funds to the sophisticated credit monitoring to the continuous scanning of any leaked individual info, they’ve truly got your back.
Whatever we’ve personally seen & experienced in our accounts from them, the services they use are nothing but first-rate. Between the available functions and peace of mind you experience with them, we can confidently way it’s worth the small regular 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!