There were about 15.4 million identity thefts in 2016. In the last six years it is estimated that these type thieves have stolen about $107 billion. There have also been data breaches at some of the bigger retail companies and millions of people were affected. Being proactive at our end is very important. Here are some tips on how to do that:
1. Check the balance of your bank account and be aware of what your balances are. Report any discrepancies immediately. If your account has been used fraudulently reporting it immediately can mean the difference between the bank eliminating any charges and you being responsible for fees and recovery.
2. Social security numbers, account numbers and other such personal information is very valuable to theives. They can rack up thousands before you even know they have your information. Never give out your SS# over the phone or in person. Shred paperwork that you no longer need. Throwing it in the trash isn’t good enough.
3. Use debit or credit cards and if you need cash got inside the bank. If you have to use an ATM hide your PIN number safely by putting one hand over the one typing it in. Ask people to move back or come back at another time if they won’t.
4. Use strong passwords on all accounts. Mix numbers, letters and other objects in the password. Change your passwords every few weeks and don’t use the same one on multiple accounts.
5. Be up to date on your credit score. At least be sure you are checking your credit score on a monthly basis through all three bureaus so you know about any new attempts at checking your credit.
6. You may want to invest in online identity protection. They will alert you either on your mobile or by email if your personal accounts are being misused. They are safe guarding your important information 24/7.
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For me, not using my credit card online is the best thing to be able to avoid identity theft. I never use my credit card online.
And like you said, I am always aware of my bank balance at my savings accouht. Every time i withdraw, I keep the paper that evidences my withdrwal and balances. I keep them at the office on my steel cabinet. he he he But that is after I have seen it already and memorized it.
Though, I also check the balance sometimes through online banking. But I don't do withdrawals or transfers through online.
Keeping tract of bank balances is smart for everyone. You seem to have a good system.