Stolen Identity:  Securing Your Personal Information

Identity theft is becoming increasingly more common in the United States.

This white-collar crime has cost Americans more than $5 billion in 2003 and the number will continue to grow until people start taking precautions to avoid such problems.  Learning to manage your personal information is key in avoiding ID theft.

Here are some easy ways to keep your personal information confidential.

  1. Many people are quick to give out their Social Security number, date of birth and other personal information.  Be sure you are aware of the reason this information has been requested before willingly giving it out.
  2. As convenient as it may be, never have your Social Security number or driver's license number preprinted on your personal checks.
  3. Do not leave your personal checks unguarded, i.e. in your car or place of business.  Keep them close or in a safe place at home.
  4. When paying bills, the last four digits of the account number is all that needs to be written in the memo space on the check.  The entire account number is not necessary.  Many companies use outside sources to process the incoming checks.  These sources are not always secure and are a common way identity thieves can get their information. 
  5. Notify your bank promptly and file a police report if your personal or business checks are stolen.  This rule also applies if you lose any checks written to you.  Stop payment on these checks immediately and close any bank accounts that may have been compromised.
  6. Some states use your Social Security number as your drivers license number.   Remember to request an alternative random number.
  7. Most people password protect all confidential matters, credit cards, bank accounts, telephone and voicemail options, etc.  Be sure to change these passwords every few months.  Use passwords with multiple and interchanging numbers and letters, both uppercase and lowercase.
  8. Memorize your passwords.  If you need to write them down, keep them in a secure place.  Do not write your passwords and/or PIN numbers on your ATM card(s).  Never keep your written password in your purse or wallet.
  9. Request information about privacy policies and the controls set for the use of your personal information.  You should have the choice to keep your personal information private.
  10. Before throwing away unwanted mail, check to see if any of your personal information is listed.  All incoming mail should be shredded that contains this type of information, including your name and address.
  11. Outgoing mail should be placed directly into a postal mailbox or a secure and official mailing location. 
  12. Finally, request a personal credit report annually through one of the two major credit bureaus within the United States.

 

Equifax            (800) 675-1111                       www.equifax.com

TransUnion      (800) 916-8800                       www.transunion.com