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Identity Theft Tricks and Traps to Avoid - Part I: Protecting Your Paperwork

April 3, 2017 - 2 comments

Identity theft. It’s as old as the Bible, but as applicable as ever today. Since most identity theft ultimately targets both your financial and emotional well-being, it’s way more than just annoying. While our core business practices demand ongoing vigilance to protect our clients’ records, there also are plenty of ways YOU can help safeguard against identity theft.

It begins by knowing what we’re up against. So, today, we’re launching a series to talk about the tricky identity theft traps that are tripping people up these days, and what you can do to avoid them yourself.

Let’s begin with your personal paperwork. Even though printers may not be as prevalent as they used to be, most of us still produce and possess piles of paperwork wherever we go. What treasures can an identity thief find in our trash? You may be surprised!

Criminals who are after your identity will…

Accumulate the crumbs

You may assume that you’re safe because you’ve never experienced an obvious heist of your personal information. You’ve never come home and found your front door hanging open, or had your wallet pickpocketed, so you figure you’re okay. Unfortunately, today’s dens of thieves know how to patiently pick and package seemingly random crumbs of information – until, one day, they’re ready to take a full bite out of your personal pie. Think of protecting your pieces of personal information in a holistic defense.

 http://gph.is/2nn4H6Y

Dive into your dumpster …

… and your mailbox, your glove compartment, your gym locker, under your office desk, in your coat pockets, out of your shopping cart … you get our drift. From print-outs to personal identification to receipts and related records, if you leave paperwork lying around where anyone else can get at it, you’ve put that information in harm’s way. If it’s about you and you’re trashing it, shred it first. If you’re stashing it, lock it down.

 

http://gph.is/Y9d9cV

Piece together puzzles

Think your family knows you well? Even your mother may not have as much on you as a hard-working criminal can piece together over time. Your legal name and nicknames, your birthday, where you went to high school, your kids’ and pets’ names, your favorite color, your hobbies and interests, travel plans, an account number or two .... There aren’t many pieces of information an identity thief can’t use and abuse to create a big-picture view of you. Assume every piece of personal information you own is worth protecting.

 http://gph.is/1nqKXb4

Be people you know

Did you catch the 2002 movie “Catch Me If You Can,” based on the true tale of former teenage con artist Frank Abagnale Jr.? In real life, Abagnale has since dedicated his career to foiling future cons. In one of his free documents, “Protecting Your Credit,” he observes that lost or stolen wallets is the most common way criminals steal information, but “friendly theft” from people you know – friends, family and co-workers – is not too far behind. While there’s a fine line between prudence and paranoia, not everyone you know is your best friend. An ounce of prevention prevails.

 http://gph.is/1hCdPkB

Pose as people you don’t know

Con artists also often trick you into handing them the proverbial keys to your private doors by posing as people who have reason to collect your information. In future posts, we’ll talk about the many electronic posers out there; here, it’s worth mentioning that just because someone is looking you in the eye when they request information from you does not mean you must comply with the request. You have nothing to gain by divulging unnecessary personal information to strangers … so don’t do it.

http://gph.is/2aXwxFx

Often leave a paper trail

Identity thieves often leave tell-tale clues behind that don’t quite pass the sniff test.  For example, what if your mail has been tampered with, isn’t showing up as expected, or includes other fishy discrepancies (credit cards you never applied for, transactions you don’t remember doing, etc.)? While identity thieves can be very tricky, there’s no reason you can’t be tricky right back. If something strikes you as suspicious, don’t ignore it report it.

 http://gph.is/28QS2SS

Commit crimes of opportunity

As we touched on above, there are few places identity thieves won’t go and few tactics they won’t try to find what they’re looking for. Even if they come up empty-handed 99 times out of 100, it’s those 100th times that feed their need. When you go out, carry only the personal information and paperwork you need at the time; leave extra cards secured at home and keep an eye on what you do have. The more basic precautions you take to prevent crimes of opportunity, the less likely you’ll be the next victim.

 http://gph.is/1sD0j6s

Next up, we’ll take a look at electronic identity theft and some of the additional precautions to be aware of when you go online.

Bonus: We've received a safety tip from one of our readers that we think is important to share, from his own words: 
"Also be aware of mail forwarding notices. My son received a notice from Canada Post that his mail was being forwarded. Upon further checking, a number of credit cards were created in his name unbeknownst to him with the PIN notification letters going to the new address as a result of the mail re-direction. Fortunately we caught it in time."

By: Jennifer Vachon with 2 comments.
Comments
  03/05/2017 11:53:41 AM
Jennifer Vachon
@Doug,
Thanks for sharing! The more stories like yours we share, the better informed and vigilante we become.
 
  01/05/2017 7:22:39 PM
Doug Dubowski
also be aware of mail forwarding notices. My son received a notice from Canada Post that his mail was being forwarded. Upon further checking, a number of credit cards were created in his name unbeknownst to him with the PIN notification letters going to the new address as a result of the mail re-direction. Fortunately we caught it in time.
 



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