Your identity is under constant assault. It could be by low-tech means such as stealing your mail or digging personal documents out of your trash. It could be by the more publicized means of cyber-attacks on your personal devices or the storage networks of people with whom you exchange your personal information. Either way, your personal information – your identity – is perpetually at risk. There are some defenses you can implement to slow or deter the attack, but unfortunately, today’s reality is that it isn’t so much a matter of if someone steals your identity, but when. Here are a few tips to help you deter the would-be imposters and what you can do once it inevitably happens to you.
Identity theft can destroy the socio-economic marvel you have worked so hard to become. With just a few pieces of your personal information, identity thieves can do any of the following:
- Generate loans in your name that they have no intent of ever paying back because you are on the hook for default of repayment.
- Transact money from your accounts or create new accounts in your name through which thieves filter money from other types of scams.
- Become a defendant in a criminal or civil case in which they had used your identity to perpetrate a crime or fraud.
- Max out and never make payments on credit cards issued to them based on your identity, leaving you on the hook for default payments and destroying your credit score.
- Conduct electronic business as if they were you.
One of the best things you can do to protect yourself is to remain aware. Awareness is the key to all of your defenses:...