Identity theft is something that’s ended up being rampant in modern-day times. We’ve all heard the term, and opportunities 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 understand it’s such a big issue 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 stealing more than $1.5 trillion internationally each year?
Whether you’re stressed over yourself, your parents, and even your young kids- nobody 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 appears no matter which method you turn these crooks are stealing our personal data for their own gain. What are the types of identity theft to look for? How do they even get our information? What can you do to safeguard yourself and your loved ones? Let us describe 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 individual identifiable information with the intent to commit fraud or gain monetary advantages in their name. If your identity or the identity of your kid has been taken, identity thieves might open brand-new credit accounts, file phony income tax return, buy or rent property, or get loans that ruin your monetary health and credit report.
Identity theft is a severe crime in the United States. In fact, based on an online study of 5,020 US grownups performed 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 assist prevent having your identity taken. But first you’ll require to understand how identity theft happens, how to spot it, and the kinds of theft that are common.
What Are The Types Of Identity Theft?
Most individuals don’t understand that there’s a couple of types of identity theft to be on the lookout for. The 4 primary types include:
- Criminal Identity Theft— When somebody commits a criminal activity and provides the cops incorrect identifying info
- 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 catches your refund
- Kid Identity Theft— When a thief opens accounts utilizing a child’s Social Security number
Usually, cybercriminals are searching for the following little bits of details about you when they’re trying to take your identity:
- Social Security Number
- Complete name
- Date of Birth
- Charge 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, etc)
What Can Happen If My Personal Information Is Stolen?
If you’re believing, “Why would somebody want my identity?”– there’s really a lot of reasons. For an identity burglar, opening charge card in your name, making deceptive purchases, or utilizing your personal information when being questioned by the police are just a part of a long list of what they are able to finish with your taken identity. Some of the most typical things they do includes:
- Open new credit cards in your name
- Make deceptive purchases
- Visit to personal accounts (email, social networks, bank, and so on.)
- Open new phone and energy accounts in your name
- Clone your ATM or debit card
- Change your billing address
- Get a new chauffeur’s license or official ID
- Use your identity when questioned by police
It’s crucial to comprehend that identity theft can take place to anybody at any time. Your identity is built on several layers that include more than just your social security number. What we call your “identity” is the overall collection of your personally recognizable info. When they get to this details, they have the capability to, in essence, become you.
Common Ways Personal Information Is Stolen Online
For starters, watch out for “shoulder browsing”. This happens when burglars peek over your shoulder as you type delicate details into a computer system, phone or ATM. Or they might listen as you make a call and offer your account info.
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 2 sources of very valuable individual information.
Be weary of public Wi-Fi. Public Wi-Fi normally does not encrypt information, so anyone with the Wi-Fi password and some know-how can monitor what you see and send. The hacker might devote identity theft if he/she intercepts your details.
Ensure a site is secured before you utilize it for any monetary transactions. Typically, you’ll see a photo of a lock in the URL field, and the URL will include “https,” suggesting it’s secure.
Enjoy out for identity burglars who contact you from a phone number or email address customized to look familiar and reliable. This approach is referred to as “phishing”, and the goal is to get individual info from you.
How Can I Stop Identity Theft From Happening?
Identity theft is really something scary and something you can’t be particular you’ll avoid– no matter how mindful you are. none of us are safe from it without the appropriate support.
That’s where IdentityIQ is available in– our # 1 most advised credit monitoring & identity theft protection service.
If you’re stressed over identity theft taking place to you or a enjoyed one (or it currently has), we HIGHLY recommend you check out IdentityIQ. Their services are custom-made to your specific requirements, and their protection is industry-leading. Simply 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
- Total Family Protection
- 7 Day Trial to Test Out The Service Risk-Free
As you can see, the list of what they use is substantial. From the identity theft insurance to reimburse you for lost wages, legal charges, or stolen funds to the innovative credit monitoring to the continuous scanning of any leaked individual info, they’ve truly got your back.
Everything we’ve personally seen & experienced in our accounts from them, the services they use are nothing but world-class. Between the readily available features and comfort 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!