Today, we use the internet for almost all of our daily life things. So, it becomes necessary to look after your valuable data, especially financial ones. Not handling your personal information carefully can lead to serious trouble, and you might end up losing all your money from your account. Apart from this, there can be a case where you can are a borrower of a debt that you never requested before. Identity theft can be problematic if you don’t stay proactive and take all practical measures to safeguard your valuable information.
In the case of identity theft, the thieve requests a number of credit from the users’ behalf about which he/she has no idea. And, this eventually affects the credit score of the person who is being attacked. It becomes very difficult for the person to get a loan in the future. So, it is important for you to understand that keeping your identity safe and secure is something that you must always focus.
Here are examples of the main types of identity theft that you should know:
- Credit card fraud
- Employment or tax-related fraud
- Banking fraud
- Loan-related fraud
- Phone or utility fraud
- Government or benefits on fraud
Now, we will see different ways how you can protect yourself from identity theft attacks. So, let us get started.
What should be your approach to protect yourself from identity theft
- Check your credit report from time to time
The first thing that you need to do is to check your credit report from time to time and spot for any error. Check how many credits you have availed within a given period of time and know exactly how much debt you owe. If you suspect anything or find any data mentioned wrong, then you can complain to the agency to get the error fixed within time before anything wrong happens. Remember that getting your credit report checked over and over again is not a good thing as it will leave a blueprint. So, check your credit report once or twice a year.
And if your credit score is low because of such illegal activities, start building it again from scratch. One thing that you can do is apply for installment loans for bad credit from direct lenders only in the UK. Making the timely payment of the fund will boost your credit score slowly. Also, you will face no difficulty to get a loan or any other financial product.
- Don’t follow the same password pattern
Many people have the habit of using the same password as the login credentials of various accounts. Now, this becomes quite easy for any hacker to figure out the password. Getting a password of one credential means getting of others too. You will not have enough time to change the password of each one of them rapidly. Hence, to prevent yourself from such a massive loss, always ensure that you don’t follow the same password for every account. Keep changing it from time to time, as such as types of accounts are difficult to be attacked.
- Don’t respond to scam emails
Hackers often send emails to the bulk of people where they pretend that the email is from a legitimate company. You will be asked to fill an online form where you will have to submit your basic details along with your financial information. It is strongly advised that you do not respond to any email without doing a proper check.
Such spammy links as it contains malware that can steal all your valuable information. There is even a possibility that you might get a call from the spammers who will pretend to be talking as the official of the company. After that, you might be asked to share your personal information like account number, social security number, and others. In such cases, contact your bank directly to know whether the email or call you received was legitimate or fraud.
- Don’t share everything on your social media wall
Today, people have developed a habit of sharing every aspect of their life on social media. Whether it’s going outside on a trip or graduating from college, people like to share their memory. However, there must be a limit to what you have been sharing. Cybercriminals might use your basic information such as your birthday date, pet’s name, or phone number to answer the security questions. Hence, make sure that the privacy setting of your social media account is strong.
So, these were the different ways that you can follow to protect yourself from identity theft. The main thing is not to share your personal information with anyone, be it offline or online.