Crime has changed over the years, but it is still just as serious. Instead of robbing you directly of your cash, thieves now steal your personal information and use it to commit fraud or other crimes. It is particularly sneaky as many people are completely unaware they are a victim. Often it is not until your credit and good name are ruined that you discover the actual crime.
The best defense is prevention. You need to start by safeguarding all your personal information. Shred all critical paperwork and financial documents. Be scrupulous with your Social Security number. Don’t carry the card in your wallet or give it out unless it is absolutely necessary.
Be particularly careful when on the phone or the Internet. As you never really know who is on the other end of the receiver or computer. Avoid giving out personal information unless you know exactly whom you are actually dealing with. Never respond to emails that request information. No true financial organizations ever send those out.
Be careful with your passwords. Make sure they aren’t obvious and change them frequently for financial accounts. Never write them down and carry them in your wallet. Always keep your personal information locked away, don’t tempt anyone to be dishonest.
Part of prevention is also being aware of your situation. Check all your credit card statements and bills for errors. Check through your mail for suspicious letters or offers of credit. Also, request your free credit report once a year. It is free and can help you stay on top of your current credit situation. Even check your other financial statements like 401k and bank deposits. Anything that looks off, even if it is in your favor can be a sign of fraud.
Lastly, run your name, address and phone number through Google every so often. Occasionally this can surface information about you that is inaccurate. This will help to protect your good name as many employers routinely do a Google search on their employees.
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