How Identity Theft Works

How many times have you gone to make a payment online, only to have it blocked by your bank? It may be frustrating and inconvenient, but it’s for your own protection. If your bank sees a transaction they think is suspicious, they will block it.

In today’s internet age, identity theft is on the rise. If you think it will never happen to you, then think again. You’d be surprised at how easy it is for someone to steal your identity.

Here’s a look at how it works, and what you can do to avoid falling victim to fraudsters.

What Is Identity Theft?

Anything that displays your personal information puts you at risk of identity theft. Fraudsters can use your address or bank and credit card details to borrow money in your name, running up thousands of pounds in debt and leaving you to sort out the mess.

Personal Information

The most common items targeted by fraudsters are:

  • Bank and credit card statements
  • Official ID such as a driving licence or passport
  • Access to your Facebook account
  • Phishing emails that you unwittingly fall prey to
  • Your CV
  • Online banking information.

Tips To Avoid Identity Theft

  • If you move house, inform official sources such as the bank and credit card companies immediately. For other mail, keep a re-direction order active for a least a year.
  • Cancel paper statements.
  • Keep ID documents together in a safe place.
  • Don’t reply to suspicious emails, especially those that want to re-direct you to banking site links.
  • Periodically change your Facebook password and set privacy settings to ‘friends’ only.
  • Make sure your mailbox is lockable and has a hand-proof opening.

If you’d like to find out more about ways of preventing identity theft, or if you’re concerned you may be a victim, then Insight Investigations can help. Contact us today for more information.Identity theft in word tag cloud