Stop Making It Easy For Identity Thieves to Steal Your Information

Identity theft is on the rise and it’s an issue that isn’t going away anytime soon. With the seemingly endless amount of data being collected, combined with our general lack of awareness about data security issues, it’s no wonder that identity thieves are finding more ways to get what they want.

Credit card fraud, online banking fraud, mortgage fraud –  these are just a few examples of how identity thieves can steal from you.

Here is a scary statistic, every 14 seconds someones identy is stolen online. And 33% of Americans have been victims of identity fraud.  A rather surprising and rapidly growing group of people who are becoming victims of ID theft are children!Children are targets for identity theft.

Yes, children!  We talk about how their identities are stolen in other articles about credit repair scams and fraud.  One such article is “Scam Alert – Beware of the “New Identity” credit repair scam“.

In that article we talked about how scammers sell older people and childrens social security numbers to people with bad credit who want a “fresh start”.  If you have credit monitoring for yourself and don’t have it for your children, you should really consider protecting them!

Do you think just because you have a low credit score, no one will want to steal your credit?having low credit wont prevent identity theirs from stealing your info

Oh boy!  You are very wrong!  You have worked hard on your credit. From rebuilding it with a bad credit credit card or secured credit card,  to watching what you spend and making sure you stick to your budget.

Sometimes that isn’t enough; Identity thieves are targeting credit card carrying consumers at an alarming rate these days and it seems that there isn’t much we can do about it.

Credit Card Fraud Is the most common kind of Identity Theft

From 2020 to 2021 the FTC recived 18,000 reports of people stating that their personal information was used to gain access to their credit card accounts.

This new age of theft includes techniques known as  crowd hacking.

What is Crowd Hacking or Electronic Pickpocketing?

Crowd Hacking or Electronic PickpocketingCrowd hacking is when identity thieves steals your credit card information without you even taking it out of your pocket!  They have a device they carry with them that can simulate the signal sent when you scan your credit card.

So as they walk thru a crowd they can pick up on your credit card without it never leaving your wallet.  All except for credit cards with chips in them.  These devices do NOT work on them.

They take your credit card information and sell it to the highest bidders on the dark web!

HOW TO PROTECT YOUR CREDIT CARDS

What are you supposed to do to protect your credit cards if thieves can steal your information while your card is tucked safely in your purse or wallet? With the exception of becoming a paranoid hermit and locking yourself away in your home (which still doesn’t keep your cardsid theft protection plan safe from other methods of theft), you can sign up for an ID theft protection plan, only pay for your purchases with cash or you could check with your credit card company to see if they offer special credit cards that are encrypted with a device that blocks the skimming equipment from ever “seeing” your credit card in the first place.

There are also some new products on the market that prevent thieves from stealing your information by blocking the signal their devices send. These have been proven to be very effective at protecting your credit card information. In lieu of spending money on one of those devices.

Make sure you aren’t making it easy for thieves to steal your credit card information. In today’s highly technical world, thieves are creating even more devious ways to steal your information!

Keep these tips in mind to avoid having to deal with the stress of credit card fraud:

  • Avoid Fraudulent Websites – even if its the best deal you have come across!
  • Use a Credit Card Cover
  • Keep Your Card Safe
  • Report Suspicious Activity Immediatelyprevent credit card fraud
  • Never give away the 3-digit security number on the back of your card
  • Keeping Track of And Review Your Statements
  • Keep an eye on our waiter when they process our payment,
  • Avoid opening any emails that we are unsure of
  • Don’t buy from sites whose urls don’t start with https://
  • Avoid or deeply research sites that have too good to be true deals
  • Don’t buy things online when we are using a public wifi
  • Use your Paypal account whenever possible – thus avoiding putting our credit card on shopping sites.
  • Take a good look at the card readers at your local gas stations, ATM and retailers to make sure they are authentic and not skimming devices.

 

warning signs of identity theft

 

Spot the early signs of Credit Fraud & Identity Theft
GET YOUR CREDIT REPORT

 

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 23+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

4 Comments
  1. There’s not a lot of identity theft going on because of nowadays security and also, the ability to cancel a credit card if it’s lost.

    • Hi Eliot, unfortunately that’s not true. Identity theft is a growing problem because scam artist are getting smarter and smarter. Last week 1000s of Europeans lost their money due to a scam that stole their bank pin numbers and scammers were able to login to their accounts as them and steal their money. You can read more about it here http://www.alleywatch.com/2014/07/hackers-breach-34-overseas-banks-is-u-s-next/

      If you are not careful and watching your accounts. You will become a victim. Personally, we provide equipment financing to businesses, and at least once or twice a month we get a fraud deal from the internet. What happens is that someone fills out the application and has all the info needed to apply for a loan (date of birth, current address, social security number). Since we have noticed so much fraud, we ask a lot of questions and have implemented the requirement of obtaining a drivers license before dispersing funds. But even with those measures in place, our bank has still lost money to scammers using other peoples ID.

  2. Interesting tips. I’ve actually lost many cards but luckily have never had anyone try to steal my identity.

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    NHBS Inc © 2022

    NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

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