Identity theft happens when someone gets hold of your personal information, like your Social Security number or bank details, and uses it to do thing in your name. This could involve opening new accounts, making transactions, or applying for credit cards or loans. It can lead to financial loss, harm your credit, and require a lengthy and stressful resolution process.
Presently, identity theft remains a challenge for consumers as fraudsters develop new ways to scam including a new focus on loyalty and rewards programs and retirement accounts. Also, criminals are finding ways around authentication processes.
The good news is that knowing more about identity theft allows you to strengthen your defense. Explore the following fraud and ID theft protection tips in the articles we put together or visit the Federal Trade Commision’s ID Theft Website for more information:
Ways Identity Theft Occurs
Protect Yourself from Identity Theft
Protect Yourself Online
What is Vishing and Smishing?