Personal Finance Tip of the Week: Ways to prevent identity theft


Identity Theft is using someone else’ personal information without their consent, typically for financial gain. Unfortunately, it’s impossible to eliminate the risk of identity theft entirely, but there are some ways to reduce the risk:
• Store your social security card in a safe place and safeguard your number
• Strengthen your passwords
• Watch how much information you give away
• Watch the mail
• Make liberal use of a shredder
• Use caution when shopping in stores
• Protect your mobile devices with passwords
• Check your credit reports frequently
• Monitor your financial statements

 

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