Protect yourself from identifying theft

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Protect yourself from Identity theft
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According to studies conducted, there is one
incident of identity fraud every three seconds.
It is very important to protect your identity,
otherwise you'll lose everything you have and
will affect your image. This is very bad if you
are running a business or any other entity. Here
we discuss some ways to protect yourself from
identity theft.
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Unsecured Wi-Fi
It may be handy to do online banking at a
cafe or to keep your home Wi-Fi network unsecured
to avoid typing a password, but the crooks have
become increasingly proficient at seizing
unsecured Wi-Fi transmissions. To secure
yourself, put a strong password on your home
Wi-Fi network and waiting until you get home or
to another secured network to make financial
transactions.
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Strong passwords
In today's world where online banking is
omnipresent and right of entry to the large mass
of your net worth is just a username and password
away, having a strong password is
important. Using multiple passwords also can
constraint the damage a thief can do,
particularly for your online banking accounts.
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Handling financial documents
The key to reducing the risk is by storing
necessary documents carefully and destroying the
ones you don't need. Also, shred any financial
solicitations you get in the mail, particularly
those credit card offers containing blank
checks.
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Monitor bank accounts carefully
Inspecting your credit card and debit card
statements online on a daily basis is a good way
to limit the damage that fraudsters can do to
your accounts.
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Dont fall for scams
The way of sending out fake emails asking for
financial information or getting users to click
on virus-loaded links or attachments, is a
growing identity theft threat. Make sure not to
fall for these kinds of frauds.
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Sharing information on social media
People are now putting personal information
on social media sites, and many aren't doing
enough to keep it away from would-be criminals.
Protect your social media account by putting
privacy settings at the highest level and not
sharing facts like your exact birth date,
including the year, or information that could be
used to answer your security questions such as
your mother's maiden name.
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Anti-virus software
Identity thieves use viruses and other
harmful programs known as malware to steal
financial information. Install and keep
anti-virus software up-to-date.
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