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Protect Yourself from Identity Theft

Many people might take it for granted but identity theft is a real risk for everyone with a bank account, social security number, and other financial information. It is something you don’t think about until it happens to you. Well, it is important to start taking precautions now by looking at identity theft comparisons because its consequences may be more than you ever bargained for.

There are stories of victims losing everything simply because another person used their identity to make purchases, rack up debts, and mislead other people. The blog posts outlined here talks about identity theft, its consequences, and tips on how to prevent it. Hopefully, these stories and guidance will guard you against identity theft:

Tom @ Truston wrote a post titled “Close a Huge Loophole for Credit Card Fraud”. The premise of this article is that criminals will find a way to take advantage of the loopholes on your credit card. Simply by getting your home address, contact number, and account number, they can commit fraud and you’ll be left with a mountain of debt. He advises you to choose paperless account statement over the mailed ones to avoid certain risks.

Michelle @ Identity Theft Blog said in her article “Online Credit Card Theft Affects 130 Million: Learn to Protect Yourself” that as much as 130 million people can actually be victims of identity theft. Recently, two men were indicted in connected to their activity. They stole 130 million debit and credit card numbers in what was called the biggest identity theft case in United States history. This incident serves as a wake-up call for individuals who are still laid back on identity protection.

The Fight Identity Theft Blog featured a story about Fed Chief Ben Bernanke in the post titled “Ben Bernanke – Identity Theft Victim”. Technically, it was his wife who was the victim because her purse was stolen at Starbucks. Later, they discovered that the thieves tried to steal $9,000 using Bernanke’s checks.

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Category: Personal Finance

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