Privacy and identity theft

When an unauthorized person uses your personal identifying information, such as your name, address, or credit card or bank account information to assume your identity in order to commit fraud or other criminal acts, that’s identity theft.

Different Forms of Identity Theft

Skimming

This occurs when someone uses your card without your permission. Even if a criminal doesn’t have your physical card in hand, they can still make unauthorized transactions with your credit card number, PIN and security code. Someone could even use your card information to try to gain access to your other accounts.

Online Shopping Fraud

Some criminals use your saved card information to make unapproved purchases, as they have mastered the art of hacking their way into website accounts. A common situation occurs when shoppers use their accounts while connected to an unfamiliar Wi-Fi network, such as one at public places. Hackers can set up the exact legitimate networks with the intention of stealing the information of anyone who connects. Hence it’s always smart to shop, do your banking and handle any other sensitive information on a private Wi-Fi network you trust.

Phone scams

You may get a call from these fraudster claiming to be working from a certain bank or credit firms. They call asking for crucial information, such as your pin. If you receive this kind of call, don’t provide any information over the phone.

Malware

This is a number of malicious software variants, including viruses, ransomware and spyware. Malware could allow the criminal to access the device and information stored on it. Criminals use different techniques to install malware on another person’s device.

Child Identity Theft

This occurs when a child’s identity is compromised by fraudsters. Unfortunately, a good amount of child identity theft occurs within families. They can use Social Security numbers, birthdays, addresses and more to open fraudulent accounts. They may also apply for government benefits, take out loans or find other ways to rack up debt in the child’s name.

Signs of identity theft to look out for.

1. When you get calls from credit and debt collectors about charges you didn’t make.
2. Your financial statements have discrepancies, or your bank statement shows purchases or withdrawals you are not aware of.
3. When you don’t get bills in the mail. Meaning someone has stolen your data and changed your billing address
4. Getting unfamiliar charges on your credit card statement.
5. You receive medical bills for services you didn’t receive.

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