7 Ways To Reduce Identity Theft

When criminals steal your personal information, they can use it to obtain services, goods, credit, your tax refund, and even medical benefits and arrest warrants in your name. It’s important to safeguard your information for the prevention of ID theft that may take years to resolve.

ID theft comes in many forms, although it’s usually divided into two categories: account takeover or fraud and true name ID theft. Account fraud occurs when an ID thief uses personal information to access your existing accounts. True name ID theft involves the use of your personal information to open new accounts.

There are many ways for thieves to gain access to your personal information. While data breaches are often in the news today, experts warn that traditional methods like dumpster diving are still the easiest ways for thieves to access the information they need. Here are essential steps you can take that can help in the reduction of identity theft and fraud.

Change passwords every 3 months

It seems a new data breach is in the news every week. If your username and password is compromised on one site, it may be compromised on other websites. This is because many people use the same password across multiple websites. While it may not be too big of a deal if a thief accesses your account on a non-financial website, it can be a disaster if your banking account is accessed.

In addition to changing your passwords when you learn about a data breach, it may be a good move to change passwords every 3 months. This can help ensure that a breach in one account won’t affect other accounts.

Of course, updating your passwords isn’t enough to keep hackers at bay. Here are some tips for creating unique and secure passwords.