According to the Federal Bureau of Investigation, identity theft is the fastest growing crime in the US alone. The fact that more and more people are reporting cases of identity theft and how they have become victims can attest to conclusion made by that department.
In the year 2002, 10 million people became victims of this crime. And an estimated 27.3 million Americans have been reported to be victims of the different forms of identity theft during the past 5 years.
These numbers are enough to make you consider identity theft as a serious crime that is getting more and more rampant everyday. Ever since this kind of crime had been noted in the early 1970's, counteractions are being done. But however extreme are measure are, there is really no getting through the minds of these thieves.
There are basically two forms of identity theft.
The first and most common is when someone uses your credit card information. Your information has been gotten if it was lost or stolen. It can also be because of careless handling by an employee of a company where you used the credit card to make a purchase.
The second and more dangerous form of identity theft is when someone steals your identity, and opens up credit card accounts, or cell phone accounts in your name. They can also use your social security number when getting a job or your driver's license to get a duplicate copy.
The advancing technology of today does not help any. Communications tools over the Internet are allowing criminals to think up new schemes and strategies. Besides that, identity theft can be planned and executed more easily online.
All these thieves have to do is pay a fee to an information broker to get an individual's Social Security number. Online databases also have in them address information, while an individual's mother's maiden name can be found in obituaries or other public documents. Obviously, bills are sent to a different address so they will not get to you and you will start panicking.
Understanding and having enough knowledge about identity theft can be your prevention measure. Be alert and aware so you will not be among those who have suffered the consequences of this crime.
History Of Identity Theft
Of course some banks may have fraud protection and you may not be liable if someone use your bank account to purchase. However, it will still require you some time to resolve the problem. You may need to apply for new credit cards and change all the information associated with the bank accounts. It will not be worth spending the time to do that if there are ways to protect yourself from identity theft.
In order to stay away from identity theft, you should take some measures. The first thing is to be careful of scams on the internet. For example, you may have received emails asking for your login information of your internet banking account. You should never reply to these emails with your login information.
Nine out of ten times they are only phising scams, this means that they are trying to get your account information by the scam emails. As a matter of fact some banks even warn their customers that they will never ask for the password of the online banking account of a customer!
Since the technology is so advanced these days, the scam emails may not ask you for your login information directly. Instead, they will give you links in the emails and ask you to follow the link to log into your bank account for maintenance or updating information.
You should never follow any link from these emails and enter the login information. It can be just a link to a fraud website and the theft can get your login information once you enter the password and log into your "bank account". The theft will just withdraw all the money you have in the account within a few hours! It may be already too late when you discovered that it has been a scam.
You have always bear in mind that when you try to log into your online bank accounts, you should try to type the url on the navigation bar instead of clicking links. If you have any doubt about emails that are sent from the bank, you should try to contact the bank in person before you make any decision based on the emails you receive. By doing that you will be able to be saved from identity theft.
Both John Fitzgerald & Jerry Leung 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.
John Fitzgerald has sinced written about articles on various topics from Adwords, Personal Finance. John Fitzgerald is a staff writer for http://www.preventingidentitytheftresource.com . For additional information on identity theft visit http://www.preventingidentitytheftresource.com/Articles/identity_theft.php. John Fitzgerald's top article generates over 33100 views. to your Favourites.
Jerry Leung has sinced written about articles on various topics from Lose Weight, Marriage and Writing. The author has great interest in finance. You can check his website on . Be sure to check. Jerry Leung's top article generates over 90500 views. to your Favourites.
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