7 Tools to Prevent Identity Theft Fraud

Identity theft fraud in America has reachedthe company to find out why.
epidemic proportions having surpassed 27 million6. Check out the bills you do receive to make
cases and increasing every year.sure all the transactions are legitimate. If there is
The banks are taking identity theft fraud veryanything suspicious call the company immediately
seriously and have taken substantial measures toto stop any fraud from going any further.
protect your identity and your accounts against7. Check your credit report at least once a year
scammers.to make sure the information is correct.
They have implemented a password protectionIn December 2004 the Fair and Accurate Credit
for online transactions. When you use your onlineTransactions Act was put into effect and one
services, keep your secret password protectedprovision requires that the three major credit
so only you know what it is.reporting agencies are to provide consumers with
All online bank transactions are now encrypteda free copy of their own credit report.
which converts your information into a secureAnother provision to help fight identity theft is the
code, protecting you against would be hackers.National Fraud Alert System. This allows
To protect yourself here are a few more thingsconsumers who reasonably suspect they have
you should know about preventing identity fraud :been a victim of identity theft can place an alert
1. Never give out information such as checkingon their credit files. This alert will tell potential
and credit card numbers or your Social Securitycreditors that they must proceed with caution
number to anyone you do not know.when granting credit.
2. Notify your bank immediately if you lose orScammers can get the information they need to
have your checks stolen. They can be flaggedassume your identity from a variety of sources.
with a fraud notice to block payment.They range from stealing your wallet to digging in
3. Don't give the PIN number on your ATM cardyour trash. They may approach you in person, by
to anyone and never write the number down andtelephone or on the Internet.
keep in your wallet. Always take your ATMThe sources of information about you are so
receipts with you after a transaction.numerous that you cannot totally prevent the
4. Shred any financial papers you receive beforetheft of your identity. But identity theft fraud can
disposing of them. This includes any solicitationbe minimized by just becoming aware of the
notices that you may receive for any credit cardspossibilities.
or mail from other financial institutions.Copyright © 2005 Spyware All Rights
5. If you don't receive a regular monthly bill, callReserved.