Identity fraud appears to be getting more sophisticated by the day. More money is lost yearly to those fraudsters by unwary members of the public.
Identity theft is the place someone's personal details are obtained by someone who, by impersonation performs a transaction at a victim's expense which may run into several 1000s of dollars. Victims are usually targeted, after some period of observation during which the fraudster obtains details for example account numbers and/or passwords, numbers, signatures, birth date, along with other details for example Mother's maiden name, schools attended., etc.
Choice follows that, without those details, the identity theft cannot be perpetrated. We might therefore want to see how these details can be used to someone's disadvantage.
Transactions that do not require a person's physical presence could get authentication via a signature. Protecting one's signature would therefore protect your identity. Don't use your real signature inside a visitors book whenever you visit any public place, office, or even a bank, especially when you indicate an account number. Make use of your initials instead. Although this may be offline, a mischievous person can glean the details, and use it inside a letter for your bank, requesting to transfer some cash to a different account or even request for a new credit or pre paid debit card to become delivered to a previous address while using victim's account,.
Avoid using the same password for all sites. You can test some variations. for example, if your password in a website is bobsmith,, another site could be boby-smith, while another can be Bob_smith. Although this is just a guide, the effort is worthwhile. You might vary such with a combination of figures, letters and characters. This will prevent fraudsters from getting access for your vital accounts when the password to some website is known.
Do not allow your laptops or mobile phones to "remember" your passwords on any web site. Acceding to the "remember password" request may be convenient, but could also put your online identity in danger whenever your system/mobile phones require repairs. By then, it might not be possible to erase all confidential information that could become available simply to those fixing the devices.
3) Security questions
Use email providers that offer a lot more than the standard security question, Use of questions for example "Mother's maiden name",.can be obtained from online public records while others like "Third grade teacher's name"," home address in grade 3" "first telephone number" may be easily obtained through siblings.
If you use swipe type credit or debit cards, you need to immediately change to the greater secure chip type cards. This is because information on swipe type cards are easily obtainable through fake card readers and can be fed into another blank card, where transactions may be completed at the expense.
Exercise great discretion on sites requesting you to definitely register your card details when payments aren't yet due. Spend lots of time to be genuine sites. The facts may be used to your disadvantage when you least expect. Otherwise, use a low denomination prepaid debit card you can fund when needed.
Also make time to scrutinize your statements regularly to see unauthorized deductions. A prompt detection may avert an excellent fraud as most fraudsters start the illegal deductions with small unnoticeable amounts.
Avoid sites that request for your Social Security Number. There must be other sites providing that which you require without a understanding of your SSN. Nevertheless, you can let them have your IRS code.