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Identity Theft
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Lessons for Consumers After the TJX Data Breach
While incidences of data theft from companies are out of the hands of individual consumers, there are still preventative steps you can take to minimize your risk when your personal financial information is stolen.
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Be Proactive With Identity Theft Avoidance
Identity theft is now more prevalent than ever. A person can use your personal information, bank details or credit card details without your permission for personal gain. This is a fraudulent use of your information and normally will cause you, the victim, varying degrees of loss and inconvenience and therefore identity theft avoidance methods are more important than ever.
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What Is Identity Theft and Why It Should Concern You
Identity theft happens when someone takes your identity and uses it to commit fraud, such as by withdrawing money from your bank account, or obtaining credit and running up bills in your name, Identity thieves can even sully your reputation or get you in legal trouble by using credit in your name to pay for such things as porn web sites. The actions of an identity thief can severely damage your credit score, hitting you with higher interest rates and making it difficult for you to gain approval for loans or credit.
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The Truth About Identity Theft and the Government
Many people are quite concerned about identity theft and the government has promoted this fear as well. But how much of it is real? And another point; if we are filling out forms all day long and submitting them to the government and the government is being hacked by computer software malcontents then in fact the government is the one that needs to protect us from identity theft, as they are the ones collecting the data.
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Nun a Victim of Identity Theft
In the US, investigators in cases of identity theft are expected to
be making arrests soon (January 2007). An organised gang of criminals have been
involved in a lucrative and elaborate scam which has made them a considerable sum of money. These people, part of an identity theft scam ring, were found to be
targeting a nun and, unfortunately, nearly led to the nun losing her home in Dorchester.
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Identity Theft: Could You Be Next
Identity theft is a problem that is growing rapidly across this country. Everyday thousands of people have their lives changed forever by someone who uses-
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Increase in Identity Theft Reports
McAfee reports a dramatic increase in computer security breaches leading to the loss, or potential loss, of sensitive personal data. Research suggests that the numbers of key loggers, for example, has increased two and a half times in just over two years.
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Have Control of Your Data to Avoid Identity Theft
In order to avoid identity theft it has been proposed that consumers should have complete control of their personal data. This is something the Jack Dunning who runs a blog on the subject and has concluded. And he should know, he has spent 35 years selling consumer's personal data to the junk mail industry.
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Phishing Scams and Identity Theft
The process goes something like this: you receive an email. It's addressed to you (although it doesn't have your name on it). It has a professional looking logo and looks to the whole world to be from your bank. But, it's not.
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Are You a Victim of Identity Theft?
One of the ways in which you many realise that you are a victim of identity theft is when you apply for credit and you are turned down. When others steal your identity they also have easy access to much of your personal data and, quite often, your financial affairs. This means that they can easily conduct financial transactions under your name but for their benefit.
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