Essential Tips to Protect Yourself Against Fraud and Identity Theft

protect yourself against fraud and identity theft
In 2020, an incredible $ 56 billion was lost by American taxpayers to identity theft

By Manuel Tovar, June 15 – Hispanic Solutions Group

In the year 2020, incredibly American taxpayers lost $ 56 billion for identity theft, and most criminals used the data to request tax refund, steal credit card information, and take over accounts on various platforms.

Although the prevalence of identity theft has dropped every year since 2018, the drop is attributed to the strict hacking-proof measures that companies and entities are implementing to protect themselves. However, this spells doom for people as hackers now turn to private citizens.

Consequently, the specialists of Hispanic Solutions Groupconsider the following tips to be essential to protect you against identity theft and fraud. These strategies provide credit protection, among other benefits, and ensure that no one will commit a crime using your identity

Adoption of advanced authentication security

Phones and personal computers are the most common targets for identity theft. Therefore, you must adopt advanced authentication security to avoid not only unauthorized logins. With regards to authentication, facial recognition, eye scanners, voice recognition, and fingerprint scanning are just a few of the biometric features to look for in a smartphone as conventional password and pattern features have proven be security blind spots. In addition, for credit protection, credit monitoring applications, as well as banking software, must be protected to prevent breaches even when the security functions of the smartphone and personal computer fail.

THE DATA. –Most importantly, you should avoid using public WIFI, connecting to local area networks (LANs), and using devices in high-traffic areas between high-exposure activities.

Use credit monitoring services

The best companies of credit monitoring they can update you in real time when your credit score changes. If the transaction does not come from you, it is indicative that someone has impersonated you and used your details to apply for a new credit card or access your financial accounts to commit fraud. Some leading credit monitoring companies offer various solutions, such as credit report updates, credit score repairs, dark web monitoring, and more. There are free and premium services that you can consider based on your budget, and monthly subscriptions are more expensive than annual plans. However, you’d be better off looking for additional benefits like post-loss refunds, social media monitoring, and credit score repair services critical to credit protection.

Avoid carrying your credit cards

Social security cards are the weak link in the fight against identity theft. This is because it is the main data in most of the individual accounts that you have, including the Credit cards. If it gets into the wrong hands, your identity could be stolen and credit protection it could be compromised. Additionally, debit, credit, and health insurance cards also contain personal data that can be used to reconstruct your identity, which can then be used to access your credit information, banking information, or apply for a new credit card. And don’t forget that staff cards and security passes can also contain personal data that can be tampered with if it falls into the wrong hands and falls victim to fraud.

Avoid clicking on links

We inform you that, phishing emails are the most common identity theft attempts in which you may be asked to open a link. The links can also appear as pop-ups in your browser or random links on your social media pages, often redirecting you to suspicious sites. It is vital to note that the links you think of are generally directed and intended to install malware and spyware on your phone or computer to record your passwords and other data that can be used in identity theft. While a robust antivirus can offer online protection, some companies’ credit monitoring apps can provide credit protection and online protection.

Avoid divulging personal information in unsolicited calls

Scammers can use different tricks, such as, for example, they can call and lie saying they are state officials or representatives of agencies such as the IRS or the FBI and request personal information such as your social security number, middle name, address, and more. If the call was unsolicited and you are skeptical, you should let it go to voicemail and verify the number online or even call through the office’s customer service line to verify its authenticity to avoid being a victim of scammers Also, for security reasons, you should avoid sharing your information over the phone and prefer to take time to physically visit the offices if some of your information is needed. Even if you are convinced that the caller is genuine,

In conclusion, while there is no rule of thumb in credit protection measures, you should avoid risky situations. So you must Register in the services of credit monitoring, so that it can give you peace of mind.

We invite you to follow our social networks: LinkendIn, Facebook, Twitter and Instagram to find more information related to finances. Also on our YouTube channel The Credit Channel to learn how to improve your credit. If you need help in disputing debts that do not belong to you, call us at (612) 216-1599.