Know The Top Myths And Facts Of Identity Theft
Everything that involves money attracts thieves and hackers. They are always on the lookout for
possible victims and are always inventing more and more ways on how to steal. There are
numerous forms of money developed to bring convenience to people such as cheques, demand
drafts, cash, credit cards, debit cards and internet money transfer, however, these forms require
sensitive information such as your name, your credit card’s account number and your security
number. The need for these information also works to the thieves’ advantage. With their own
technology, they are able to steal your identity and misuse your own money. Identity theft cases
are much more common in the Internet, with the growing number of online transactions because
of the convenience and ease it is able to give to online businesses.
Understanding Identity Theft
Identity theft is when someone else poses as you in certain but not limited to financial activities
such as money transfer and online buying without your consent. Remember, it is always
advisable to regularly check your freecredit report for inconsistencies and rapid changes in your
credit manners. If you notice that there are irregularities, contact your credit card provider and
inform them that you have been victimized by identity theft.
When transacting online, information, such as your social security number, credit card or debit
card details, bank account number, or phone numbers can be stolen through a number of ways.
Identity thieves develop their own special devices that can obtain your information during
processing your transactions. Moreover, some of these thieves pretend that they are financial
institutions needing to know your personal and financial details.
Know More to Worry Less
Through remaining cautious of identity thieves is a good way of avoiding having to deal with
them. However, there is no need to fret about some identity theft myths. Explained below are
some of the myths and facts of identity theft that could enlighten people about what they better
equip themselves with:
1. Payments transacted through the Internet
More often than not, people who get victimized by identity thieves blame the Internet for the
unsecured connections. However, people cannot actually blame the Internet for this. Identity
theft is mainly due to people’s carelessness who give out their details to the wrong people.
Phishing is the type of stealing where thieves pretend as financial institutions or reputable
people that try to obtain your information by saying that you won a reward or have been given
2. Theft in well-kept databases
With the growth of online businesses and online banking, most people are always ready to give
out their information for something that they liked. Whether we admit it or not, we also contribute
to why there are identity thieves. The internet is a big database full of people’s account
information that no governing body is able to take care of right now. The only thing we can do to
is to verify the reliability of the vendor.
3. Blaming technology rather than your own carelessness
If you just give away your information without verifying the reliability of the vendor, you are also
giving away your information to identity thieves. You will become very susceptible and your
details will be passed around the Internet.
Always track your credit history and obtain your credit scores regularly for free. This will help in
managing and taking care of your financial activities.
Want to protect yourself from Identity thefts? Keep an eye on your credit reports with credit
monitoring services and have credit check regularly.