Identity theft is a growing problem that can have serious financial and legal consequences. Here are some signs that your identity may be compromised and steps you can take to protect yourself.
Warning Signs of Identity Theft
- You see unexplained charges or withdrawals from your bank accounts.
- You don’t receive expected bills or other mail.
- Debt collectors contact you about debts that aren’t yours.
- You find unfamiliar accounts or credit cards on your credit report.
- Medical providers bill you for services you didn’t use.
- The IRS notifies you of earnings from an employer you don’t work for.
- You receive renewal notices for subscriptions you didn’t sign up for.
If you notice any of these signs, take action right away to minimize the damage.
How Your Identity Can Be Stolen
Identity thieves use a variety of methods to get your personal information:
- Data breaches: When companies that have your information experience a security breach, hackers can access customer records including names, account numbers, birth dates and Social Security numbers.
- Phishing: Scammers pretend to be from a reputable company and send fake emails or texts asking you to verify personal information. Never click on links or provide information in response.
- Skimming: Thieves install devices on ATMs, gas pumps or other card readers to steal card numbers and PINs.
- Dumpster diving: Crooks rummage through trash looking for bills or documents with identifying information.
- Hacking: Cybercriminals can break into your email and other online accounts to obtain financial records, passwords and more.
Protecting Yourself from Identity Theft
Here are some key steps you can take to minimize your risk:
- Don’t carry your Social Security card or write your SSN on checks.
- Shred receipts, credit offers, account statements and expired cards.
- Protect your computer with security software and your online accounts with strong, unique passwords.
- Never give out personal information over the phone, in email or on websites unless you initiated the contact and are certain of the recipient.
- Review your credit card and bank statements closely each month for any suspicious activity.
- Request and review your free annual credit report from each of the three major credit bureaus.
- Consider placing a credit freeze on your files so identity thieves can’t open new accounts in your name.
What to Do if You Suspect Identity Theft
If you notice any warning signs, take these steps right away:
- Call the fraud departments of each of the three major credit bureaus to report identity theft and request that a freeze be placed on your account:
- Equifax: 1-800-685-1111
- Experian: 1-888-397-3742
- TransUnion: 1-800-916-8800
- File a report with your local police department.
- File a complaint with the FTC at IdentityTheft.gov.
- Notify your banks and credit card issuers of fraudulent charges.
- Change online account passwords and security questions/answers.
- Contact the IRS if you suspect your Social Security number was compromised.
- Consider adding an extended fraud alert or credit freeze if identity theft is confirmed.
Recovering from Identity Theft
Here are some important steps if your identity has been stolen:
- Get replacement cards and account numbers for compromised or fraudulent accounts.
- Use the FTC’s ID Theft Affidavit to report the theft to companies.
- Ask companies to provide details of fraudulent charges or accounts opened in your name.
- Review all charges carefully and dispute any fraudulent transactions.
- Monitor your credit reports and accounts closely for any additional suspicious activity.
- Consider adding a credit freeze if identity theft is confirmed to prevent further misuse.
Get Help from ID Theft Protection Services
ID theft protection services can assist you in monitoring for and responding to identity theft:
| Service | What They Offer |
|---|---|
| LifeLock | Credit monitoring, fraud alerts, identity theft insurance, stolen fund reimbursement |
| IdentityForce | Credit reports and scores, dark web monitoring, alerts, insurance |
| IDShield | Credit monitoring, quarterly credit reports, identity theft insurance |
Conclusion
Being vigilant about checking your accounts and credit reports is the best way to detect identity theft early. If you discover any warning signs, take immediate steps to stop further misuse. With prompt action, consistent monitoring and help from credit bureaus, you can limit the damage and recover from identity theft.