There’s a great deal of public discussion is currently surrounding credit cards that have RFID technology. Many people don’t know what it is, how it works, or what it is for. In brief, RFID stands for Radio Frequency Identification which involves an “RF tag” and a “reader”. These components allow for what they industry calls “contactless payments”. Here’s some background:
Ever lost your cell phone, misplaced it in a crowded place, or left it on a restaurant table? In the old days, the concern was about the expense of the phone and the inconvenience of replacing it. In today's world, it's important to understand the ways your phone could lead to identity theft and the steps you can take today to protect your identity.
Kerry, an identity theft victim, speaks about the number of times her credit was attacked in the years following her stolen identity. Matt, Victim Advisor at the Identity Theft Resource Center, provides insight on how to most effectively address an identity theft case.
Tax time fraud is especially dangerous for minors, whose Social Security numbers are not yet used for credit acquisition or work purposes by their legitimate owners, thus making the fraud less likely to be detected. Claiming a child fraudulently on an otherwise legitimate return is also an effective scam being done with increasing frequency.
Identity theft can happen in so many different ways, with the ultimate goal being dividing you from valuable information that can give the culprit access to your finances or identity. One method that has been around for a while is known as the jury duty scam. This scam relies on catching you off guard and getting you to give a complete stranger access to your bank account information.
Identity thieves won’t tell you they’re using your personal information, but ProtectMyID will. You will be alerted of any new activity that could indicate identity thieves are at work. This could be a new credit account opened using your SSN, a loan application, or even someone trying to change your address to re-route your bills. With early notification, ProtectMyID helps you stop the damage before it gets out of hand.
You should treat your Social Security number as confidential information and avoid giving it out unnecessarily. You should keep your Social Security card in a safe place with your other important papers. Do not carry it with you unless you need to show it to an employer or service provider.
All tax preparers are created equal, right? Not necessarily. While they may operate under the same tax laws, tax preparers might not operate with the same ethics. The IRS advises you to choose a tax preparer carefully. The person who prepares your taxes has access to highly sensitive personal and financial information. Plus, you’re ultimately responsible for what’s on your tax return no matter who prepares your documents.
Choose a friend, any friend. Do you know where they were born? Their birthday? Their mother’s maiden name? My guess is that a quick glance at their social profile will reveal most of these answers and other seemingly benign, yet completely revealing information.
Good Day New Mexico (KOB-TV) reports on the ties between social networking and identity theft. ProtectMyID's Chuck Whitlock talks about ways people can protect themselves while still engaging with friends online.