Identity theft is one of the major causes of credit and financial loss all over the world and the Internet and other automated online resources are major contributors to the rising numbers of cases. As a serious robbery case, identity theft can also be avoided if you know how to manage your accounts on a daily basis. Here are a few things to remember.
1. Documents
After making a bank account, shred or store in a secure safe all your personal login details and other documentation related to the crucial bank account. Many identity theft cases happened because people only threw away without shredding login details of their accounts. Once found by thieves, their accounts, and their savings or existing financing, can be compromised.
2. Change Your Passwords Often
Most banks now provide online facilities to make it more convenient to access your money and make transactions at any time, but it is also its downfall if the server is not secure in itself. One way to prevent identity theft is by changing your transaction password every two to three weeks. Always ensure that you don’t use the same password twice and use different passwords for every online account that you have.
3. Do Not Post Personal Details Online
Social media is a great contributor to identity theft that has led to losing a million dollars in many cases because of a single post or the details of the social media itself. Hackers can trace your IP address based on your actual address, phone number and even just by searching your name. Some also post about their personal financial details online, including giving away their user-names and providing clues to their passwords.
