6 Tips to Help Prevent Identity Fraud

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Identity fraud and cyber crime are growing concerns in both the business community and in households across the world. This is a crime that is not going away, and if you do not take proper steps and precautions today to safeguard your personal information, lock down your on line accounts, or install safety measures when dealing with wires or money transfers you will be a victim.Hello I’m Chip Fridrich and today I will give you six tips to use to help combat these crimes so they won’t happen to you.

Number one – use two factor authentication on all of your email accounts or any website that involves money (like bank accounts, stock accounts, 401-k accounts, or credit card companies). If you have two factor authentication enabled, and someone attempts to access one of your accounts you will get a text message asking for authorization. If you are not the personal who logged in, and you get a text then you know you’ve been hacked and you can take immediate action. This security measure is become commonplace and you should start using it today.

Tip number two – don’t share your social security number in an email or text. Only do this verbally. An individual’s social security number is the gateway to hacking someone’s identity. Just be safe. Do it over the phone or in person.

Tip number three – keep vital records stored in a safe place. Documents like bank statements, financial statements, and tax records. If you do not need them or the time has passed that is necessary for you to hold on to them, shred them. These types of documents are gold to hackers. It gives them pretty much everything they could desire.

The fourth suggestion? Use a unique password for your on line accounts. Don’t use your address, the name of your children, and definitely don’t use one, two, three, four. Come up with something that is unique. Think of a phase or sentence and then use the first letter of that phrase along with a special character or two. When these letters are laid out, it looks like random jumbled mess – just what you want. There are also password manager programs for a fee that work really well that are in the marketplace.

Suggestion number five – be extra careful when you click on links within an email or attachments that have been sent to you. These can be dangerous and could infect your computer with malware or monitoring “bots”. If you do not recognize the sender, leave it alone.

And finally, tip number six – consider subscribing to a service like life lock, all clear, or trusted id. These cost around ten to fifteen dollars a month and will notify you if there are any major changes in your credit activity or if a loan or credit card has been applied for using your social security number. It is great for peace of mind and usually come with an insurance type protection in the event you are hacked.

And speaking of insurance – that’s where I come in – it is important to know that most homeowners insurance policies come with a certain amount of identity fraud coverage. Ranges I have seen in the market are from ten thousand dollars worth of coverage all the way up to a one hundred thousand dollar limit. It just depends on the carrier. So if you are curious, you may want to contact your agent to find out if you have coverage.

Or better yet, contact our agency and we will walk you through any other questions you may have regarding cyber crime and identity theft and how you can safeguard your private information. We can audit your current coverages and see if we can provide you a better plan with very competitive pricing.

Our agency’s mission is to provide personalized service, professional guidance, honest answers, and quality insurance products- all in a boutique yet highly experienced manner. If you are interested in knowing more about our agency, contact us at info@fpa.insure

 

 

 

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