What Everyone Should Know About Reducing the Risk of Identity Theft

Identity theft commonly begins with the loss orCriminals are increasingly creative in the methods
theft of a wallet or purse. But there are many orthey use to get their hands or eyes on your
high-tech and low-tech ways criminals can getpersonal information, and ultimately, your money.
their hands on your personal and financialHere are some of the low-tech techniques they
information in order to commit identity theft.employ:
When someone uses your name or personal- Dumpster Diving, one of the easiest ways for
information, such as your credit card number,them to appropriate your personal information.
driver's license number, Social Security number,- Mail Theft from unsecured residential mailboxes.
telephone number, or other account numbers,According to statistics, mail theft most often
without your permission, you become a victim oftakes place at unprotected and easily accessible
identity theft.mailboxes in public places.
Thieves steal your personal information and use it- Shoulder surfing takes place when a thief
to open credit accounts, bank accounts, telephonewatches or listens literally over your shoulder as
service accounts, and make major purchases inyou enter your PIN into an ATM machine. They
your name. These criminals use your sensitivemay even follow you home or your place of
information to take over existing accounts, orwork to gather additional information about you.
open new accounts. Their criminal activities canHigh-Tech Techniques: Data transferred across
result in damage to your credit rating and denialsthe Internet can be intercepted during its journey.
to credit and job offers.- Phishing and Pharming: While phishing is a scam in
Protecting Your Identity While there are nowhich consumers are tricked into entering their
guarantees that your identity will never be stolenpersonal information via a bogus email and
or compromised, there are several steps you canwebsite form, pharming occurs where hackers
take to minimize the risks. Here are a few ofsteal personal information from numerous people
them:simultaneously through something known as
- Before you discard your personal information"domain spoofing". They take over a DNS server
that you no longer need, such as credit cardand redirect user information to a new website
receipts, billing statements, and pre-approvedthat they use to gather, collect, "pharm" illegal
credit card offers, shred them using, at best, ainformation.
diagonal-cut shredder.- Skimming: Thieves quickly and temporarily steal
- Create unique passwords and personala credit card and run it through a skimmer, a
identification numbers (PINS) and avoid using easilycredit card reader that has been reprogrammed
available information such as mother's maidento steal information off the card.
name, date of birth, or last four digits of yourFight Back: Reduce the Risks
Social Security number.Make education about the scams, schemes, and
- Do not give your Social Security number tofrauds criminal use to steal your identity your
people or companies that you do not know.priority in view of the rising occurrence of this
- Guard your mail from theft. Promptly removemulti-million-dollar-problem. With education comes
your incoming mail from your mailbox and placeprevention. Here are some prevention tips to help
outgoing mail in locked collection boxes at yourreduce the risks:
local Post Office.- Safeguard your personal information. Never take
- As an extra measure of security, install a locksimple things for granted.
on your mailbox, even if mail theft is not an- Carry with your only the information you need.
identified problem in your neighborhood.Always keep your personal information and
- Before disclosing personal information, even todocuments in a safe and secured place of your
people you know where you shop or do business,choosing.
insist on knowing the reason(s) your personal- Order and review a copy of your credit report
information is required and how it will be used.at least once a year.
Low-Tech Rip-offs: Thieves can do much damage- Shred documents containing your sensitive
with what they remove from your mailbox.information before discarding them.