Identity theft is something that’s ended up being rampant in modern-day times. We’ve all heard the term, and chances are you and I both know somebody 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 issue that 1 in 4 Americans have reported being victims of identity theft? Did you know it’s such a huge 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 information breaches? How about that cybercriminals are taking more than $1.5 trillion worldwide each year?
Whether you’re stressed over yourself, your moms and dads, or perhaps your kids-no one is safe from this occurring to them. In fact, due to their social security number and clear credit, children have a huge danger of identity theft!
It appears no matter which method you turn these bad guys are taking our individual data for their own gain. What are the types of identity theft to search for? How do they even get our information? 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 someone else’s personal identifiable details with the intent to commit scams or gain monetary benefits in their name. If your identity or the identity of your kid has actually been taken, identity thieves may open brand-new charge account, file phony income tax return, buy or rent residential or commercial property, or secure loans that damage your financial health and credit rating.
Identity theft is a severe crime in the United States. In fact, based upon an online survey 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.
Thankfully, you can take steps to assist avoid having your identity stolen. However initially you’ll require to understand how identity theft takes place, how to spot it, and the kinds of theft that are common.
What Are The Types Of Identity Theft?
Most people don’t realize that there’s a few types of identity theft to be on the lookout for. The four main types consist of:
- Criminal Identity Theft— When somebody commits a criminal offense and provides the authorities false recognizing information
- Medical Identity Theft— When a thief takes a medical insurance card and gets healthcare 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 thief opens accounts using a kid’s Social Security number
Normally, cybercriminals are trying to find the following bits of info about you when they’re attempting to take your identity:
- Social Security Number
- Full 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 thinking, “Why would someone desire my identity?”– there’s in fact a great deal of reasons. For an identity thief, opening charge card in your name, making deceptive purchases, or using your individual info when being questioned by the cops are just 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 consists of:
- Open brand-new credit cards in your name
- Make fraudulent purchases
- Log in to personal accounts ( e-mail, social media, bank, etc.)
- Open new phone and utility accounts in your name
- Clone your ATM or debit card
- Change your billing address
- Obtain a new driver’s license or main ID
- Utilize your identity when questioned by authorities
It’s essential to understand that identity theft can take place to anyone 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 identifiable info. When they gain access to this info, they have the ability to, in essence, become you.
Common Ways Personal Information Is Stolen Online
For starters, watch out for “shoulder surfing”. This takes place when burglars peek over your shoulder as you type sensitive info into a computer system, phone or ATM. Or they may listen as you make a call and offer your account info.
Next is what we call “dumpster diving”. This is when a thief sorts through your garbage can. Discarded checks and charge card are just two sources of incredibly valuable personal info.
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 obstructs your information.
Make certain a site is encrypted prior to you use it for any monetary transactions. Normally, you’ll see a picture of a lock in the URL field, and the URL will consist of “https,” indicating it’s safe and secure.
Finally, watch out for identity thieves who call you from a phone number or e-mail address customized to look familiar and credible. This technique is referred to as “phishing”, and the goal is to get personal info from you.
How Can I Stop Identity Theft From Happening?
Identity theft is genuinely something scary and something you can’t be certain you’ll prevent– no matter how careful you are. In fact, none of us are safe from it without the appropriate assistance.
That’s where IdentityIQ is available in– our # 1 most recommended credit monitoring & identity theft protection service.
If you’re fretted about identity theft taking place to you or a enjoyed one (or it already has), we HIGHLY recommend you check out IdentityIQ. Their services are custom-made to your precise needs, and their protection is industry-leading. Just 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
- 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 big. From the identity theft insurance coverage to repay you for lost salaries, legal costs, or taken funds to the advanced credit monitoring to the consistent scanning of any leaked individual info, they’ve really got your back.
Everything we’ve personally seen & experienced in our accounts from them, the services they offer are nothing but world-class. Between the offered functions and peace of mind you experience with them, we can confidently way it’s worth the little month-to-month fee.
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!