Identity theft can happen to anyone, but homeowners face unique vulnerabilities. Your home can also become a target for those seeking to steal your personal information. With proactive measures, you’ll reduce your risk and prevent identity theft.
Strengthen Your Online Defenses
The digital world, while offering incredible convenience, also presents opportunities for cybercriminals. Strengthening your online defenses is crucial. Ditch easy-to-guess passwords and utilize a unique, complex password for each account. Get a password manager to generate and securely store these strong passwords. Be vigilant against phishing attempts. Scrutinize suspicious emails, texts, and calls, and don’t click on links or download attachments from unknown senders. Always verify the sender’s address and look for signs of misspellings or grammatical errors. Enable two-factor authentication for an extra layer of security, adding a step to the login process, such as a code sent to your phone.
Prevent Identity Theft By Securing Your Home
Your home itself holds a wealth of personal information. Shred sensitive documents containing personal information, such as bank statements, medical records, and old tax returns, thoroughly before discarding them. Securely store essential items like your wallet, purse, and other valuables when not in use. Be mindful of the personal information you share online on social media, such as your birthday, address, and travel plans. Exercise caution when dealing with home repair professionals. Thoroughly vet contractors or other home service providers and only provide them with the necessary information.
Be Cautious of Public Wi-Fi
Avoid accessing sensitive accounts, like online banking or email, on public Wi-Fi networks. These networks are often unsecured, making it easier for hackers to intercept your information. If you must use public Wi-Fi, use a Virtual Private Network (VPN) to encrypt your internet traffic and protect your data.
Protect Yourself While Traveling
Traveling increases your vulnerability to identity theft. Limit the amount of cash and cards you carry while traveling. Be cautious of using public Wi-Fi to access sensitive information, such as online banking. Protect your luggage at all times, especially in crowded areas. Get a travel wallet to keep your important documents organized and secure.
Review Your Insurance Policies
Confirm that your homeowner’s insurance policy includes identity theft protection coverage. While not all policies include it, many now offer coverage for expenses incurred due to identity theft. This can include reimbursement for legal fees or replacing identification documents such as driver’s licenses, passports, and Social Security cards. Credit monitoring services will help you proactively identify and address suspicious activity on your credit reports.
What to Do If You Suspect Identity Theft
If you suspect your identity has been compromised, act fast. Place a fraud alert or credit freeze on your credit reports by contacting one of the three major credit bureaus (Equifax, Experian, and TransUnion). Review your credit reports from each one to identify suspicious activity. Change the passwords for all of your online accounts immediately. File a police report with your local law enforcement agency. Contact your bank, credit card companies, and any other financial institutions to report fraudulent activity.
Follow these tips to reduce your risk of becoming a victim of identity theft and safeguard yourself, your family, and your home. Remember, staying informed and vigilant is crucial for maintaining your financial security.
Prevent Identity Theft FAQs
What is identity theft?
Identity theft occurs when someone unlawfully obtains your personal information, such as your Social Security number, credit card number, or bank account information, and uses it for fraudulent purposes.
How can I get a free copy of my credit report?
You can get a free copy of your credit report from each of the major credit bureaus once a year at AnnualCreditReport.com.
What is the difference between a fraud alert and a credit freeze?
A fraud alert notifies businesses that you may be a victim of fraud, prompting them to take extra steps to verify your identity before extending credit. A credit freeze restricts access to your credit report, making it more difficult for someone to open new accounts in your name.
American Dream Home Inspections offers inspections to homebuyers and sellers in Northern and Central New Jersey. Contact us to request our services.