Identity Fraud Precautions
Consequences of Identity Fraud
In most parts of the world, identity fraud is the fastest growing offence. Yet, in the USA, a longitudinal 2005 study by Javelin Strategy & Research showed that the crime had decreased since a 2003 study from the Federal Trade Commission was released in 2003. The most current US Javelin data also showed that 9.3 million persons, being 4.25% of all adults, are victims of identity fraud on a yearly basis. In the United Kingdom in 2005 the consumer group Which issued a report stating that one in four people had been the victim of identity fraud, or knew someone who had been a victim.
Precautions against Identity Fraud
Rigorous research has shown that the following methods will be most effective at preventing identity theft or fraud:
Freeze your credit, if available in your state. With a credit freeze, no one can open any form of credit in your name.
Request your own credit report each year and check the reports for inaccuracies and new lines of credit issued that you did not request.
Minimize the use of mail for sending or receiving financial documents, checks, and have your name removed from junk mail lists (8% of identity fraud results from stolen mail).
Check your bank accounts each week online or at an ATM. 70% of identity fraud is detected by the victim, and victims who do so through electronic methods suffer losses of less than 1/8th that of those who rely on paper statements for monitoring account activity.
Use reliable ATM's at reputable sites only. Watch your surroundings for anything suspicious. If the interior of a bank is closed but an indoor ATM is still accessible with a card, refuse helping any stranger to enter.
Watch your surrounding when entering sensitive codes of information at an ATM or on a telephone keypad.
Do not use wireless phones or cellular phones to talk about sensitive information.
Shred credit-card receipts, used (processed) cheques/checks, junk mail and other such documents, as they may contain private information.
Never give out personal information in response to telemarketers and delete all e-mails that claim to be from your bank (or other financial provider) and ask you to "log in" using a hyperlink embedded in the e-mail message. This type of scam is also named phishing.
When shopping online, make sure the company is reputable and displays an approved security symbol.
Watch your surroundings when using a credit card at any checkout counters or any similar places as some identity thieves use cell phones with cameras to steal others' credit card numbers and expiration dates.
Limit the amount of personal information you publish on the web.
Do not allow anyone to copy your identification documents.
If someone calls you claiming to be from a financial institution you do business with asking for personal information - do not give it to them.
As a general rule, do not do business with people that come to you. If you want something, you find the business or company.
Don't order checks preprinted with your driver's license or social security number.
Don't carry your social security card unless absolutely needed.
Article Source: http://www.articledashboard.com
Find much more information about Identity Fraud on this website. check it out.