Identity theft fraud in America has reached wave extent having surpassed 27 million cases and increasing every year.
The banks are taking identity theft fraud very critically and have taken significant measures to defend your identity and your accounts against Scammers
They have implemented a password protection for online transactions. When you use your online services, remain your secret password protected so only you identify what it is.
All online bank transactions are now encrypted which adapted your information into a secure code, protecting you against would be hackers.
To keep yourself here are a few more things you should know about preventing identity fraud.
1. Never give out details such as checking and credit card numbers or your Social Security number to anyone you do not recognize.
2. Inform your bank immediately if you lose or have your checks stolen. They can be flagged with a fraud observe to block payment.
3. Don't give the PIN number on your ATM card to everyone and never write the number down and keep in your wallet. Always take your ATM receipts with you after a transaction.
4. Shred any financial papers you obtain before disposing of them. This includes any solicitation notices that you may receive for any credit cards or mail from other financial association.
5. If you don't accept a regular monthly bill, call the company to find out why.
6. Check out the bills you do receive to make sure all the transactions are
legal. If there is anything doubtful call the company immediately to stop any fraud from going any further.
legal. If there is anything doubtful call the company immediately to stop any fraud from going any further.
7. Check your credit statement at least once a year to make sure the information is correct.
In December 2004 the Fair and Accurate Credit Transactions Act was put into consequence and one provision requires that the three foremost credit reporting agencies are to provide consumers with a free copy of their own credit report.
Another provision to help fight identity theft is the National Fraud Alert System. This allows consumers who logically suppose they have been a victim of identity theft can place an alert on their credit files. This alert will tell possible creditors that they must proceed with caution when granting credit.
Scammers can get the information they need to assume your identity from a variety of sources. They range from stealing your wallet to digging in your trash. They may approach you in person, by telephone or on the Internet.
The resources of information about you are so frequent that you cannot totally prevent the theft of your identity. But identity theft fraud can be minimized by just becoming aware of the possibilities.
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