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What Everyone Should Know About Reducing the Risk of Identity Theft

Identity theft commonly begins with the losson your personal information, and ultimately,
or theft of a wallet or purse. But there areyour money. Here are some of the low-tech
many or high-tech and low-tech ways criminalstechniques  they  employ:
can get their hands on your personal and
financial information in order to commit- Dumpster Diving, one of the easiest ways
identity  theft.for them to appropriate your personal
information.
When someone uses your name or personal
information, such as your credit card number,- Mail Theft from unsecured residential
driver's license number, Social Securitymailboxes. According to statistics, mail
number, telephone number, or other accounttheft most often takes place at unprotected
numbers, without your permission, you becomeand easily accessible mailboxes in public
a  victim  of  identity  theft.places.
Thieves steal your personal information and- Shoulder surfing takes place when a thief
use it to open credit accounts, bankwatches or listens literally over your
accounts, telephone service accounts, andshoulder as you enter your PIN into an ATM
make major purchases in your name. Thesemachine. They may even follow you home or
criminals use your sensitive information toyour place of work to gather additional
take over existing accounts, or open newinformation  about  you.
accounts. Their criminal activities can
result in damage to your credit rating andHigh-Tech Techniques: Data transferred across
denials  to  credit  and  job  offers.the Internet can be intercepted during its
journey.
Protecting Your Identity While there are no
guarantees that your identity will never be- Phishing and Pharming: While phishing is a
stolen or compromised, there are severalscam in which consumers are tricked into
steps you can take to minimize the risks.entering their personal information via a
Here  are  a  few  of  them:bogus email and website form, pharming occurs
where hackers steal personal information from
- Before you discard your personalnumerous people simultaneously through
information that you no longer need, such assomething known as "domain spoofing". They
credit card receipts, billing statements, andtake over a DNS server and redirect user
pre-approved credit card offers, shred theminformation to a new website that they use to
using,  at  best,  a  diagonal-cut  shredder.gather, collect, "pharm" illegal information.
- Create unique passwords and personal- Skimming: Thieves quickly and temporarily
identification numbers (PINS) and avoid usingsteal a credit card and run it through a
easily available information such as mother'sskimmer, a credit card reader that has been
maiden name, date of birth, or last fourreprogrammed to steal information off the
digits  of  your  Social  Security  number.card.
- Do not give your Social Security number toFight  Back:  Reduce  the  Risks
people  or  companies  that  you do not know.
Make education about the scams, schemes, and
- Guard your mail from theft. Promptly removefrauds criminal use to steal your identity
your incoming mail from your mailbox andyour priority in view of the rising
place outgoing mail in locked collectionoccurrence of this
boxes  at  your  local  Post  Office.multi-million-dollar-problem. With education
comes prevention. Here are some prevention
- As an extra measure of security, install atips  to  help  reduce  the  risks:
lock on your mailbox, even if mail theft is
not an identified problem in your- Safeguard your personal information. Never
neighborhood.take  simple  things  for  granted.
- Before disclosing personal information,- Carry with your only the information you
even to people you know where you shop or doneed. Always keep your personal information
business, insist on knowing the reason(s)and documents in a safe and secured place of
your personal information is required and howyour  choosing.
it  will  be  used.
- Order and review a copy of your credit
Low-Tech Rip-offs: Thieves can do much damagereport  at  least  once  a  year.
with  what  they  remove  from  your mailbox.
- Shred documents containing your sensitive
Criminals are increasingly creative in theinformation before discarding them.
methods they use to get their hands or eyes



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