ID Theft Prevention Tips
Identity theft is a serious crime that has affected millions of consumers. Identity theft occurs when someone uses your personal information without your permission to commit fraud or other crimes. While you can't entirely control whether you will become a victim, there are steps you can take to proactively secure personal information. Below are the top five recommendations everyone should know about.
- Verify Credit Information – Accurate credit information is important throughout your life. If your identity becomes compromised the first place identity thieves attack is your credit information. Understanding how to read and discern your personal credit report(s) will help you to quickly identify potential fraud activity. Armorpoint is the only company that has developed a patented-technology that automatically discerns credit information quickly so consumers can act accordingly. Learn More.
- Proactively Monitor Personal Information – The #1 proactive measure you can take against identity theft is to monitor personal data files including credit reports, internet data, public records and address information. Although there are other protection services available, the FTC recommends proactive personal data monitoring as the primary solution for personal protection. Armorpoint is the leading provider of data monitoring services and real-time alert notifications. We proactively monitor multiple record sources and notify consumers of potential threats. Learn More.
- Protect Your Passwords – Consumer online banking and internet transactions are expected to increase by 60% over then next 3 years. As a result, online identity fraud will increase just a rapidly. Therefore it is recommended that you proactively manage and change passwords at least once a month and try to select passwords that will not be obvious to duplicate by potential fraudsters. Please stay away from basic passwords such as birthdays, anniversaries or pet names.
- Beware Of Phishing Scams – Phishing scams are one of the fastest growing identity theft crimes invented. Fraudsters create false websites impersonating banks, stores and government agencies. They have created ways to scam consumers through phone calls, emails and in some cases through traditional mail. To protect yourself from Phishing Scams, don't volunteer personal information, unless you have verified the source and be aware that legitimate companies do not request this kind of information through unsecured means.
- Secure Your Computer From Spyware And Viruses – Spyware programs and viruses will always be a threat to online users. However, it is important that consumers understand the threat of such programs. Spyware can collect many different types of information such as passwords, usernames and credit card numbers. We recommend that all online users install firewalls, virus protection and spyware security software on a regular basis.
Source: Javelin Group 2006, Aite Group 2006