How to Not Become Apart of Identity Theft
Common Types of Fraud
- Identity Theft - When you take a person's identity through faking authority
- Credit - To pose as a charity and ask for donations
- Investment - To fake as an economic power with
- Taxes - Acting as the IRS, stating that the victim has additional taxes to pay
What is fraud?
To deceive your identity for financial gain
Signs of Fraud
- Denied credit
- Certain mail is missing
- Drastic differences in your credit report
- Unrecognizable changes in your taxes
How Do You Stop Fraud
A fraudster's ways of stealing your identity are physically stealing financial records, wallets, or purses, hacking your personal computer, or accessing your e-mail. Knowing that key information, you can protect yourself by not carrying your SSN, securing your personal records, use a difficult PIN number, and be careful of what you post when it comes to your personal information.
Why Should a Person Monitor Their Credit Reports and Financial Information?
Isn't it obvious? Not only can you keep track and try to improve your credit reports, but it can also filter fraud.
Why is it Recommended to Use a Credit Card Instead of a Debit Card When Making Online Purchases?
There is more security involved and it requires more personal information, along with a better sign of fraud alert when unaware purchases are made.
What to do when you're a victim of fraud
- Act Immediately
- Keep Detailed Records
- File a Report with Local Law Enforcement
- Report it to a Federal Agent
What Government Agencies Protect fraud?
- Federal Trade Commission
- Consumer Financial Business Bureau
- Federal Drug Administration
- Federal Communications Commission
Effects of fraud
- You have to shell out a lot of money
- Time wasted
- Anxiety and anger
- Keep your PIN to yourself
- Don't make your PIN after a significant time or thing
- Keep it randomized and remind it