WAVERLY SECURE – 10 Tips to Protect Against Identity Theft
In today’s digital age, protecting your identity has become an essential part of maintaining your financial and personal security. With identity theft on the rise, it’s crucial to take proactive measures to safeguard your personal information. Here are some tips to help you prevent identity theft:
- Secure Your Personal Information.
Ensure that personal documents, such as your Social Security card, birth certificate, and financial records, are stored in a safe place. Shred sensitive documents before disposing of them. Avoid sharing personal information on social, as seemingly innocuous details can be used by identity thieves. - Use Strong, Unique Passwords.
Create complex passwords that include a mix of letters, numbers, and special characters. Avoid using easily guessable information, such as birthdays or common words. Make sure to use different passwords for each of your accounts and change them regularly. Consider using a password manager to help you keep track of them. - Enable Two-Factor Authentication.
Whenever possible, enable two-factor authentication on your accounts. This adds an extra layer of security by requiring a second form of verification in addition to your password. - Review Your Accounts Regularly.
Keep a close eye on your bank, credit card, and financial accounts for any unusual activity. Set up alerts to be notified of any large transactions or suspicious activities. - Secure Your Devices.
Install and update security software on your computers, smartphones, and tablets. Use firewalls and anti-virus programs to protect against malware and other threats. Avoid using public Wi-Fi networks for financial transactions or accessing sensitive information, as they can be hotspots for cybercriminals. Use a secure, private network or a Virtual Private Network (VPN) for added protection. - Monitor and/or Freeze Your Credit.
Regularly check your credit reports for any suspicious activity or inaccuracies. You are entitled to one free credit report annually from each of the three major credit reporting agencies. If you suspect that your personal information has been compromised, consider placing a credit freeze with the major credit bureaus. A credit freeze can prevent new accounts from being opened in your name without your consent. - Be Wary of Phishing Scams.
Identity thieves often use emails, texts, or phone calls to trick victims into providing personal information. Be skeptical of unsolicited phone calls or messages requesting personal information. Always verify the source before providing personal information, clicking on links, scanning QR codes, or downloading attachments. Legitimate organizations will never ask for sensitive information via unsecured communication channels. - Protect Your Mail.
Retrieve your mail promptly and consider using a locked mailbox. If you plan to be away, place a hold on your mail delivery or have a trusted party retrieve your mail promptly. - Report Suspicious Activity.
If you detect any suspicious activity or believe you have become a victim of identity theft, report it immediately to the appropriate authorities, such as your bank, investment advisor, credit card issuer, and the Federal Trade Commission (FTC). - Educate Yourself.
Stay informed about the latest identity theft trends and scams. Knowledge is your best defense against becoming a victim.
By following these steps, you can significantly reduce the risk of identity theft and protect your personal and financial information. If you have any questions or need further assistance, please don’t hesitate to reach out to your trusted Waverly advisor.
Disclosures: Waverly Advisors, LLC (“Waverly”) is an SEC-registered investment adviser. A copy of Waverly’s current written disclosure Brochure and Form CRS (Customer Relationship Summary) discussing our advisory services and fees remains available at https://waverly-advisors.com/.