Identity theft protection tools: Protecting Yourself Against Identity Theft with Essential Tools and Tips
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Identity theft is a growing concern in today's digital age. With the increasing number of data breaches and cyberattacks, it's important to take steps to protect your personal information and identity. This article will discuss various identity theft protection tools and provide tips on how to use them effectively to protect yourself against this growing threat.
Identity Theft: A Growing Concern
Identity theft is the fraudulent use of another person's personal information, such as their name, Social Security number, or credit card information, for illegal purposes. This crime has become more prevalent in recent years, as cybercriminals use advanced technology to access and steal sensitive data. In fact, the Federal Trade Commission (FTC) estimates that more than 16 million Americans were victims of identity theft in 2018, costing the nation $17.5 billion in damages.
Identity Theft Protection Tools
There are several identity theft protection tools available to help you safeguard your personal information and identity. These tools range from free services to premium subscription-based options. Some of the most popular identity theft protection tools include:
1. Credit monitoring services: These services allow you to monitor your credit report for signs of identity theft, such as unauthorized credit inquiries or new credit accounts with your name. Popular credit monitoring services include Credit Karma, Credit Sesame, and IdentityGuard.
2. Security freezes: A security freeze is a temporary block on access to your credit report, making it more difficult for identity thieves to open new credit accounts in your name. You can place a security freeze on your credit report at no cost through most state agencies or credit reporting agencies.
3. Fraud alert: A fraud alert is a notice placed on your credit report, warning potential creditors that they should verify your identity before opening new accounts in your name. You can place a fraud alert on your credit report for a fee, usually around $10.
4. Credit monitoring apps: There are several credit monitoring apps available that allow you to check your credit report for free or at a reduced cost. Some of these apps include Credit Karma, Credit Sesame, and IdentityGuard.
Tips for Using Identity Theft Protection Tools Effectively
1. Select the right tool: Understand the features and benefits of each identity theft protection tool and choose the option that best suits your needs and budget.
2. Enable security freezing and fraud alerts: These measures can significantly reduce the risk of identity theft by making it more difficult for would-be criminals to open new credit accounts in your name.
3. Monitor your credit report regularly: Review your credit report at least once a year for any unusual activity, such as unauthorized credit inquiries or new credit accounts.
4. Be cautious with personal information: Don't share sensitive personal information, such as your Social Security number or credit card information, with anyone who you don't trust.
5. Protect your online account information: Use strong and unique passwords for all online accounts, and enable two-factor authentication when available.
6. Report identity theft: If you suspect that you've become a victim of identity theft, report the incident to the relevant authorities, such as your local police department and the Federal Trade Commission.
Identity theft protection tools are essential tools that can help you protect your personal information and identity from potential threats. By using these tools effectively and taking proactive steps to safeguard your information, you can reduce the risk of becoming a victim of identity theft. Remember to be cautious with your personal information and always take steps to protect your digital footprint.