How to Avoid Identity TheftSubmitted by Reby Advisors | Certified Financial Planners | Danbury, CT on July 20th, 2018
This article also appears in our Summer 2018 Newsletter.
The best protection against identity theft is to carefully protect your personal information, for example:
- Do not share personal information over the phone, through the mail, or over the internet unless you initiated the contact or know the person you are dealing with;
- Be suspicious if someone contacts you unexpectedly online and asks for your personal information. It doesn’t matter how legitimate the e-mail or website may look. Only open e-mails that look like they are from people or organizations you know, and even then, be cautious if they look questionable. Be especially wary of fraudulent e-mails or websites that have typos or other obvious mistakes;
- Don’t give out valuable personal information in response to unsolicited requests. Social Security numbers, financial account information and your driver’s license number are some of the details that should be kept confidential;
- Shred old receipts, account statements, and unused credit card offers;
- Choose PINs and passwords that would be difficult to guess and avoid using easily identifiable information such as your mother’s maiden name, birth dates, the last four digits of your social security number, or phone numbers;
- Pay attention to billing cycles and account statements and contact your bank if you don’t receive a monthly bill or statement since identity thieves often divert account documentation;
- Review account statements thoroughly to ensure all transactions are authorized;
- Guard your mail from theft, promptly remove incoming mail, and do not leave bill payment envelopes in your mailbox with the flag up for pick up by mail carrier;
- Obtain your free credit report annually and review your credit history to ensure it is accurate;
- Use an updated security program to protect your computer; and
- Be careful about where and how you conduct financial transactions, for example don’t use an unsecured Wi-Fi network because someone might be able to access the information you are transmitting or viewing.
Download the Summer 2018 Newsletter
This edition of our Quarterly Newsletter includes The President's Letter on reducing financial stress, Ask a Financial Planner, an update to The Reby Lifestyle Sustainability Scorecard™, and team and community news.