Identity theft is a serious problem and occurs when someone uses your personal information to commit fraud. Research indicates that millions of consumers are victims of identity theft every single year. Data shows that the numbers are only expected to increase.
Monitor Your Bank StatementsConsumers can easily check their bank statements online. Be sure to do so regularly so you know exactly how much is coming in and how much is going out. Purchases from unfamiliar companies are typically indications of identity theft. Contact your bank immediately if you notice anything suspicious.
Monitor Your Credit Report
Protect Your Information OnlineMany of us now do most of our shopping online. But your personal information is still vulnerable to theft. Always use a secure network when making purchases online or when logging into a bank account. Make sure to also clear usernames and passwords especially from a public computer. Another recommendation is to pay with purchases online using a credit card as there is much better fraud protection in place.
Place a Security FreezeA more drastic measure to take that is highly effective to protect against identity theft is to place a security freeze. This prevents anyone from accessing your credit report and extending any form of credit in your name. The fees to place a security freeze depend on your location, but are usually waived if you are already a victim of identity theft.