Identity theft is something that’s ended up being rampant in contemporary times. We’ve all heard the term, and chances are you and I both understand somebody 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 huge 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 internationally each year?
Whether you’re stressed over yourself, your parents, and even your young kids-no one is safe from this taking place 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 way you turn these bad guys are stealing our personal information for their own gain. What are the kinds of identity theft to try to find? 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 prohibited use of another person’s individual identifiable info with the intent to commit scams or gain financial benefits in their name. If your identity or the identity of your child has been taken, identity burglars may open brand-new charge account, file fake income tax return, buy or lease residential or commercial property, or take out loans that ruin your monetary health and credit rating.
Identity theft is a serious criminal offense in the United States. In fact, based upon an online study 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.
Thankfully, you can take actions to assist prevent having your identity taken. But initially you’ll require to understand how identity theft happens, how to spot it, and the kinds of theft that prevail.
What Are The Types Of Identity Theft?
Most individuals do not realize that there’s a few types of identity theft to be on the lookout for. The 4 primary types include:
- Criminal Identity Theft— When someone devotes a criminal activity and gives the police incorrect recognizing details
- Medical Identity Theft— When a burglar 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 captures your refund
- Kid Identity Theft— When a thief opens accounts using a kid’s Social Security number
Typically, cybercriminals are trying to find the following little bits of details about you when they’re trying to steal your identity:
- Social Security Number
- Complete name
- Date of Birth
- Charge Card or Bank Account Numbers
- Car Insurance or Medical Insurance Account Numbers
- Information 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 desire my identity?”– there’s in fact a great deal of factors. For an identity burglar, opening credit cards in your name, making deceitful purchases, or utilizing your personal information when being questioned by the cops are simply a part of a long list of what they are able to finish with your taken identity. Some of the most common things they do consists of:
- Open new credit cards in your name
- Make fraudulent purchases
- Log in to personal accounts ( e-mail, social media, bank, etc.)
- Open brand-new phone and utility accounts in your name
- Clone your ATM or debit card
- Change your billing address
- Get a new motorist’s license or main ID
- Use your identity when questioned by authorities
It’s essential to understand that identity theft can happen to anyone at any time. Your identity is built on numerous 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 info, they have the capability to, in essence, become you.
Common Ways Personal Information Is Stolen Online
For starters, look out for “shoulder surfing”. This occurs when burglars peek over your shoulder as you type sensitive information into a computer, phone or ATM. Or they may listen as you make a call and offer your account information.
Next is what we call “dumpster diving”. This is when a thief sorts through your trash bin. Discarded checks and charge card are just two sources of exceptionally valuable individual information.
Be weary of public Wi-Fi. Public Wi-Fi normally doesn’t encrypt information, so anybody with the Wi-Fi password and some knowledge can monitor what you see and send out. The hacker might dedicate identity theft if he/she intercepts your details.
Ensure a website is secured prior to you utilize it for any monetary transactions. Usually, you’ll see a picture of a lock in the URL field, and the URL will consist of “https,” suggesting it’s safe and secure.
Finally, keep an eye out for identity burglars who call you from a contact number or email address tailored to look familiar and reliable. This method is known as “phishing”, and the objective is to get individual info 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 prevent– no matter how mindful you are. none of us are safe from it without the appropriate help.
That’s where IdentityIQ comes in– our # 1 most advised credit monitoring & identity theft security service.
If you’re worried about identity theft taking place to you or a enjoyed one (or it currently has), we HIGHLY advise you take a look at IdentityIQ. Their services are tailor-made to your specific needs, and their defense is industry-leading. Simply a few of the services they use 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
- Complete 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 earnings, legal fees, or stolen funds to the sophisticated credit monitoring to the constant scanning of any leaked personal details, they’ve truly got your back.
Whatever we’ve personally seen & experienced in our accounts from them, the services they use are nothing but world-class. Between the readily available functions and assurance you experience with them, we can confidently way it’s worth the small regular 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!