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3 Common Ways of Falling Victim to Identity Theft

Identity theft is not only on the rise, but it can affect anyone, at any time. That’s why it’s critical to arm yourself with all of the information possible to help lessen the chances of becoming a victim.

We’ll walk you through a few common ways identity theft happens so you can reduce the risk of having your identity stolen.

1: Not checking your bank statements

Every bank transaction you make is recorded and posted to your bank statement. By checking your statements often, you may be able to catch identity theft before serious damage to your credit is caused.

Prevention tip:

Every bank transaction you make is recorded and posted to your bank statement. By checking your statements often, you may be able to catch identity theft before serious damage to your credit is caused.

2: Not protecting personal information

Identity thieves take advantage of moments when they can easily capture a potential victim’s personal information. Whether you are shopping online or in brick-and-mortar stores, identity thieves can collect your personal information in many ways:

  • Memorizing or copying it from behind you in line at a register or at an ATM
  • Stealing receipts that have credit card information on them
  • Installing skimmers at ATMs that steal and download ATM card information
  • Using phishing schemes or other online identity theft methods to trick you into giving away passwords or other sensitive information

Prevention tips:

  • Cover the pin pad with your hand when inputting your pin at a register or ATM machine, pay attention to your surroundings, and hold onto your receipts.
  • Protect yourself online by not clicking links or downloading attachments sent in unsolicited emails.
  • Check to ensure you are accessing your bank's official webpage before inputting login information.

3: Not being careful with your information

One source of identity theft results from trusting others with your personal information. Giving your bank account information over the phone to someone you don’t know or saving your bank information on your computer can put you at risk.

Prevention tip:

Only give your bank account information to people you trust and avoid the easy option of saving your bank information anywhere online. The convenience is not worth the risk.

Educating yourself doesn't guarantee that you’ll never fall victim to this type of crime, but if you follow the suggestions above, you can lessen the chances of falling victim to identity theft.

For additional reading:

3 Ways Consumers Fall Victim to Identity Theft
How Millions of People Fall Victim to Identify Theft

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