Think identity theft can’t happen to you? It is probably only a matter of time, because identity theft is growing in leaps and bounds. New technologies and a more global way of doing business has made it easier than ever for thieves to pretend to be you. With thousands and thousands of databases that can be compromised, such as the gas station where you just swiped your car, and hundreds of people who see your card on an annual basis, such as the waiter who just served you dinner, the odds of not being a victim of identity theft is getting slimmer by the day.
The latest numbers state that nearly 12 million Americans are victims of identity theft each year from stolen credit card numbers to a completely hijacked identity that includes large sums of debt, and in some cases, a criminal record!
Safeguard Your Social Security Number
Your social security number is the most valuable piece of data that thieves would love to get their hands on. With a valid social security number, anyone can pretend to be you, opening up credit cards, getting a drivers license in your name, renting an apartment, etc. Criminals may also commit felonies and use your identity when they get arrested!
First of all, guard that number, and the numbers of your family members with vigilance. Even the identities of your children can be stolen. Don’t give these numbers out unnecessarily. Whenever a social security number is requested ask why, and be satisfied with the answer. In general, you need the number for financial transactions, such as to be paid at work or to apply for a loan. You may also need it to register for school.
Place your social security cards or any paperwork containing them in a safe an secure location, such as a home safe or safe deposit box. Check your health care cards, too. Many times, your social security number is part of your id number, and thieves know this. If this is the case, request a new number, or keep your cards separate from your wallet, in case your wallet is stolen.
Don’t Fill Out Every Form
Even something that seems harmless, such as a warranty card or a store loyalty card could pose a threat to your identity. This is because the data may be sold to marketing companies, and these companies can get compromised by thieves. Simply knowing your name and address or how much you spend on groceries amount can make you attractive to those who want to steal your identity.
Make sure to dispose of forms that come to your home by shredding them. Pre-approved credit card applications have enough information on them to be a concern. You may want to consider locking your mail box or investing in a post office box, if you feel your mail box could be accessible to thieves.
Don’t Give Out Information on the Phone
Many people feel a false sense of security when speaking over the phone. A good rule of thumb is to never give out any personal information unless you have initiated the call. This means if someone calls you and wants to confirm your identity, first ask them to speak the information with you. In other words, they can tell you your address and you can confirm it. Ask the person for a phone number that you can use to call them back. If they are legitimate, they should be more than willing to supply this to you.
When you are initiating the call, make sure to check the phone number to confirm it is coming from a valid source. Many scammers will pose as your credit card company, your utility company or other service that you use. Make sure you know who you are calling before you place the call, and keep records of your phone conversations as needed.