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Identity Theft

Be Prepared: Identity Theft

The Federal Trade Commission (FTC) reports that over 13 million Americans are victims of identity theft each year. As a result, they are unable to use their credit cards, cannot obtain new loans and, in some cases, are subject to criminal investigations for crimes they did not commit.

The infographic below from Safe Smart Living illustrates 7 alarming statistics about victims who had their identity stolen.  

Identity Theft Statistics Infographic
Source: SafeSmartLiving.com

The numbers are on the rise, so how do you prepare for the horror of identity theft? Follow these steps to help minimize the risk of identity theft: 

Mail

Check your home mailbox daily, and drop your outgoing mail into a secure postal mail box only. Also, pay attention to your billing cycles; identity thieves may change your billing address, so a late bill may indicate a problem.

Personal items

Carry only what you need in your wallet or purse and keep an itemized list of those items on paper. In the event of a mishap, you’ll know who should be notified and the phone numbers to call to cancel the accounts.

If your wallet is lost or stolen:

  • Call your credit card company immediately and have that particular card cancelled.
  • File a police report in the jurisdiction in which your property was stolen. This will help provide proof of immediate action to your credit card providers.
  • Call the three national credit-reporting organizations as well as the Social Security Administration so that a fraud alert can be placed on your name and Social Security number. By doing so, any company that checks your credit will know to contact you by phone before approving any credit transactions. The numbers to call are:
    • Equifax:  (888) 766-0008
    • Experian:  (888) 397-3742
    • TransUnion:  (800) 680-7289
    • Social Security Administration:  (800) 772-1213

Personal information 

Give out on a “need to know” basis only, and only to legitimate businesses.  Omit your Social Security number and driver’s license number on your bank checks. If required to use your Social Security number as an account number, request an alternate identifier. Finally, invest in a shredder for destroying documents that contain personal information.

Computer

Regularly update your virus protection software or use a firewall program.  Before you dispose of your old computer, delete personal information by using a “wipe” utility program to “clean” all the information off your hard drive.

Review your credit history annually

It can take months to learn that someone has applied for credit in your name. To stay up-to-date on your credit history, review your credit record at least once a year.

For more information on protecting your identity, fill out the Contact Us form on the right or call us at (800) 350-7676.