Too many people make themselves really vulnerable in becoming a victim on one of the world’s top rising crimes for more than a few decades, which is Identity Theft. The reason for this may be due to the lack of protection they implicate on their personal information.
You’d be surprised one day you will learn about the fraud from unknown lenders and creditors demanding for payments. Then you wonder what transactions you made. With Identity thievery, the thief steals your personal information and uses this to make transactions such as opening loans, charging credit cards using your name, then finally disappear leaving you and your financial life in utter chaos.
Let us find out how Identity theft occurs. It starts when another person takes your identity. That would only happen when he acquires your personal details. Ever heard of the saying “One man’s trash is another man’s treasure”? In fact, one good way of getting your financial details would be going through your trash. But what’s in the trash? Most people with good financial credits receive already approved credit cards and loan accounts in the mail and sadly, most are putting them in great risk by just throwing them in the garbage. This would leave identity thieves give a gold mine in your trash. One simple way to prevent this is by a $50 investment on a handy shredder, which you can be purchased at your local office store. You can destroy any documents with your personal information that you no longer need.
Identity theft can happen any time and anywhere, even in those fancy restaurants that you go to. After enjoying a nice meal, good company and wonderful ambiance you ask for the check and then make the biggest mistake by placing your credit card in the hands of an unknown person. You never know what has happened with your credit card the moment that it is out of your sight. Without noticing, you are giving a possible thief ample time to get your credit card details (such as account number, expiration date, and your CCV code) and giving the thief the fuel to start a shopping spree. And take note this personal information is all you need to make purchase anything online. Yes, there is a good chance that this might not happen to you, but will you just sit back and wait until it does?
The key to prevent identity theft is not to make yourself a vulnerable target. Always be aware of your transactions and by regularly reviewing your finances prevents unseen suspicious activity in your accounts. And if you do happen to pay for your dinner with a credit card, simply request the waiter to bring the bill to your table and give only your account number. They don’t need the card itself as well as the CCV and the expiration date since all they need to get a credit card authorization is your account number. If you follow these preventive ways diligently, you are ensuring yourself from falling into a trap and becoming a victim of identity theft.