Learning how to protect against identify theft may not prevent it from happening, but it can greatly reduce the chances of someone using your information for illegal gain. Essentially, to protect against identify theft takes a little common sense and the refusal to provide information to any one or any company that cannot provide a valid reason for you to disclose that information to them. If someone calls for example, and claims you owe them money and they need to verify your banking information, it is your right to have that request sent in writing and to send your response in the same manner.
Most financial institutions will never ask for personal or other protected information over the phone or in an email. They will usually send snail mail to request any needed information and even if they call, they will not ask for personal information over the phone. To help protect against identify theft remember that your bank or credit card company will not call and ask for information they should already have.
If they say they need it for verification purposes, tell them to give you want they have and if they cannot, chances are it is an attempt to steal the information from you. Learning to protect against identify theft is of growing importance as more individuals are sifting through the trash as well as phishing for information they can use with which to perpetrate their method of crime.
Protecting Identity Same As Protecting Cash
What many people do not realize is that protecting your personal information should be done with the same zeal as protecting your cash. Consider that the inability to protect against identify theft will give others the opportunity to take over your financial life, and could also give them the means to take over other areas of your life as well.
With the information in hand, a person can obtain a new driver’s license in your name, register a vehicle in your name and basically become you to just about any business. However, no matter how stringent the steps taken to protect against identify theft, there is still the chance that someone could get their hands on the information. To help reduce the cost of fighting back, ID theft insurance is available.
However, even knowing your are covered for many losses, the time and destructive nature of the consequences recommends that you take appropriate steps to protect against identify theft by only providing personal information for those with an established need to know.