Identity theft is something that’s become widespread in modern times. We’ve all heard the term, and chances are you and I both know 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 know it’s such a huge issue that 1 in 4 Americans have reported being victims of identity theft? Did you know it’s such a huge 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 stealing more than $1.5 trillion globally each year?
Whether you’re fretted about yourself, your parents, and even your young kids- nobody is safe from this taking place to them. In fact, due to their social security number and clear credit, kids have a huge risk of identity theft!
It seems no matter which method you turn these bad guys are taking our personal data for their own gain. What are the types of identity theft to try to find? How do they even get our data? What can you do to protect yourself and your loved 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 recognizable details with the intent to devote scams or gain monetary benefits in their name. If your identity or the identity of your kid has actually been stolen, identity burglars might open brand-new charge account, file fake income tax return, buy or rent home, or get loans that ruin your financial health and credit history.
Identity theft is a serious criminal offense in the United States. In fact, based on 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 assist prevent having your identity stolen. However initially you’ll require to understand how identity theft takes place, how to find it, and the types of theft that prevail.
What Are The Types Of Identity Theft?
Most people do not realize that there’s a few kinds of identity theft to be on the lookout for. The four main types include:
- Criminal Identity Theft— When somebody dedicates a criminal activity and offers the cops incorrect recognizing details
- 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 income tax return in your name and captures your refund
- Child Identity Theft— When a thief opens accounts utilizing a kid’s Social Security number
Typically, cybercriminals are searching for the following 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
- 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 thinking, “Why would someone desire my identity?”– there’s really a great deal of reasons. For an identity burglar, opening charge card in your name, making fraudulent purchases, or utilizing your individual information when being questioned by the authorities are simply a part of a long list of what they have the ability to do with your taken identity. Some of the most common things they do includes:
- Open brand-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 utility accounts in your name
- Clone your ATM or debit card
- Modification your billing address
- Get a new driver’s license or main ID
- Use your identity when questioned by police
It’s essential to understand that identity theft can take place to anyone at any time. Your identity is built on multiple layers that consist of more than simply your social security number. What we call your “identity” is the total collection of your personally recognizable details. When they gain access to this details, they have the ability to, in essence, become you.
Common Ways Personal Information Is Stolen Online
For beginners, keep an eye out for “shoulder browsing”. This happens when thieves peek over your shoulder as you type delicate information into a computer, phone or ATM. Or they may listen as you phone and supply your account details.
Next is what we call “dumpster diving”. This is when a thief sorts through your garbage can. Discarded checks and charge card are just 2 sources of incredibly important individual details.
Be weary of public Wi-Fi. Public Wi-Fi typically does not secure information, so anyone with the Wi-Fi password and some know-how can monitor what you see and send out. The hacker could devote identity theft if he/she intercepts your details.
Make sure a site is encrypted before you utilize it for any monetary transactions. Generally, you’ll see a photo of a lock in the URL field, and the URL will contain “https,” indicating it’s safe.
Watch out for identity thieves who contact you from a phone number or e-mail address tailored to look familiar and credible. This approach is referred to as “phishing”, and the objective is to get individual info 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 avoid– no matter how careful you are. In fact, none people are safe from it without the correct help.
That’s where IdentityIQ is available in– our # 1 most advised credit monitoring & identity theft security service.
If you’re worried about identity theft occurring to you or a enjoyed one (or it already has), we HIGHLY recommend you take a look at IdentityIQ. Their services are tailor-made to your exact requirements, and their defense is industry-leading. Just a few of the services they use 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
- 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 big. From the identity theft insurance coverage to compensate you for lost incomes, legal fees, or stolen funds to the sophisticated credit monitoring to the continuous scanning of any leaked personal details, they’ve really got your back.
Everything we’ve personally seen & experienced in our accounts from them, the services they provide are nothing but first-rate. In between the available functions and peace of mind you experience with them, we can with confidence 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!