This is an article about people throwing away their home computers with all their financial and banking information on them and easily accessible. A very simple first step to financial and identity theft and it happens all the time. Computer Disposal and Identity Theft go hand in hand.
Since Hurricane Wilma, our city has stepped up bulk trash pickup to every month. Bulk pickup is when you can put out pretty much anything; dressers, vacuum cleaners, and of course computers. Early in the morning on each bulk pickup day people come around with pickup trucks to see what they can grab prior to the city trucks showing up. Some are looking for throwaways that can be refurbished and re-soled, while others work for charities that are looking to provide less fortunate people with items that are useful.
Identity Theft & Home Computer Disposal
This morning my wife reminds me that not only is it trash day, it is bulk pickup day (And for some people, possibly Identity Theft day). So I take out the trash and put out the other large items. As I approach the curb, a truck full of discarded goodies pulls around the corner. He asks me if I am throwing that stuff, and if so could he put it on his truck. I said sure, and lifted it on to an already huge pile of discards. When he drove away, guess what I saw on top of the pile, three desktop computers, and one laptop. From the look of them, they were a few years old. I wonder why they were put out on the curb? Where they inoperable, or did their owner just get tired of how slow they were and bought a new one? Even if they weren't working quite right, I wonder how much effort it would take to repair them, probably not much.
Throwing Away your Computer, Money, and Identity
Jackson Morgan, a contributing author for Defending The Net, wrote an article called "Computer Disposal - Throwing Away Your Computer, Money, and Identity" a few months ago. In this article, he interviewed people at the dump to see what was on their discarded computers. And the results were quite surprising, actually, to us they were not surprising. And now I am writing this article to give you my own personal experience / observation
Do You Take Computer Security and Identity Theft Seriously
There are so many articles written about wireless security, Internet security, and computer security and how your identity and private information can be stolen. Some people are really concerned about this. I wonder how many of those discarded PC's on the truck this morning had owners that secured their wireless Internet connection? I wonder how many of those computers had their hard drives removed or destroyed. More importantly, I found myself wondering where those computers were going to end up?
Someone Just Sold A Thief Your Checking Account
Let's think up a reasonable and viable scenario. Let's say that this gentleman is working with a charity. This charity takes discarded, yet useful items and cleans them up and distributes them to people who are less fortunate or down on their luck. One of the PC's really had no problems except that it was loaded with Spyware and Adware and needed a thorough cleaning inside and out. This was a great find, the Operating System is intact, and it's full of useful applications. Applications like Microsoft Office, and more importantly, QuickBooks. The computer is given to someone who cannot afford such a convenience, and all is well. Then about a week goes buy and something pops up on the screen. What do we have here, a QuickBooks reminder and notification of account balances. And look at that, a checking account with $80,000 in it. I wonder what else this computer contains. And were going to find out because there is no password to get into the application.
I don't know about you, and I am sure several people are going to think I'm being harsh with my following statements, but this scenario scares the you know what out of me. This does not apply to all those who are down on their luck, but how many people in a situation like this would ignore the information or be tempted to further investigate it. What if they already have little to lose? What could they do with this information and access to someone else's financial information. Maybe they don't do anything with it directly, but there is someone they know who would be willing to pay for access to a bank account with $80,000 in it. Not to mention the rest of the information that is most likely on the computer. Wouldn't be ironic if your financial information fell into the hands of a thief for $300? All because someone else was trying to help someone out.
Conclusion
I find it quite strange that many people are concerned about the technical aspect of security yet overlook the most basic things. Do yourself a favor, before putting a computer out on the curb, take out the hard drive and label it "destroy" and take it to local metal shop when you have a chance. They can cut in into tiny little pieces or melt it down for you. Don't think because you have just a home PC that you don't need to have a userID and password to login to it. You do need this, for many reasons. Also, buy yourself an inexpensive paper shredder and make sure to shred all your important, but no longer needed paper documents. If you think you can't lose everything you have worked for over the last 10 to 20 years by making just a tiny mistake your are quite mistaken.
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Check Out A Book
Is your check book balance so you think you have a budget plan? Do you even balance your check book? Maybe you can't even find your check book? Do you even have a budget plan? Do you know where your hard earned cash is leaking away? Does your debt keep increasing and you have a runaway debt train on your hands? Do you just pull out your credit card and never check the balance till the credit card is denied? Do you use the credit card for another swipe into debt? When did you last look at you credit card balance?
Most consumers have no idea how much debt they are in, until the credit card debt is too high to pay down. Then they transfer the credit card balance to a lower interest rate card. Problem is, many people will start using the card they just paid off, increasing their personal debt more. This action of not planning and keeping a budget plan causes another ugly mark on their credit score and increases personal debt to a level they eventually are unable to maintain. Then is not the time to start a budget plan, but that is when many people realize their debt load is crushing them and have to find a way to solve it. Some solve it by bankruptcy, some by debt consolidation and some by making a debt reduction plan and working their way to the surface again.
Most people continue their debt spending ways till the decision is so large and agonizing that they do not want to handle it and then destroy their credit for many many years. You don't have to go that far before it is too late to handle your debt, take the time now and look at your credit card statements. Avoid applying for new credit cards; watch out for the credit card enticement of moving your credit card balance from one credit card to another. If you do move your credit card balance to another credit card to reduce debt, make sure you never, ever charge on that old credit card again. Remember when you open up another credit card with the great interest rate in the hopes of removing debt, you just caused an adverse action on your credit score.
Your debt can be reduced by looking at all your bills and debts. The method usually taught by the "Money Experts" was to pay off the debts with the highest interest rates. That's old school because most people lose focus or get depressed because the highest rate could be a large debt you're trying to pay off.
I have found that the best method is to pay off the smallest debt first, this way you can see progress. Once you pay off that bill take all the money used to pay down that debt and apply it to the next bill plus what you had been paying on that debt. Before you know it, the debt will start disappearing and you'll feel more in control of your life because of the shrinking debt. Maybe then you can spend a night on the town without worrying about how to pay for it.
Both Darren Miller & Mj Jensen are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Mj Jensen has sinced written about articles on various topics from Smartphone Cell Phones, Business Marketing and Finances. MJ Jensen has studied Real Estate from the Homeowners perspective for over 20 years. He provides tips on mortgage problems, and understanding debt and credit solutions for consumers. You can visit his site at. Mj Jensen's top article generates over 201000 views. to your Favourites.
Borrowing Money From Bank Bankruptcy should be your very last option since it will devastate your finances for years