There is a wealth of information on identity theft and prevention, yet this area of crime is developing rapidly and is shrouded in myths.
Here are 9 truths to expose the reality of identity theft:
Myth #1 – If I am careful, I will not fall victim to identity theft.
Truth – Criminals are getting more sophisticated at stealing your identity
The mode of operation for stealing someone’s identity is fast evolving. Just being careful is not enough. You need defense. Criminals have a lot to gain with very little effort when executing this crime. Criminal organizations spend plenty of time and money to find newer and more efficient ways to steal someone’s identity. There is a high demand in the underground economy for this, making identity theft a lucrative ‘business’. These criminals will stop at nothing to get what they want.
Solution – Norton Identity Protection Elite provides Cyber Monitoring that patrols over 10,000 black-market forums and websites where illegal trading of stolen identities happens. It helps catch criminal use of your credit cards, SSN, medical IDs, and more. You’ll get an alert if we spot suspicious use of your personal information.1
Myth #2 – Freezing my credit keeps me safe
Truth – Freezing credit only protects you from future identity theft, it can’t protect you from a thief using your existing account, credit card, bank account, etc.
Regardless of whether you freeze your credit, thieves can still misuse the resources they already have access to, like your bank account. They can still use your identity to file fraudulent tax refunds and create Social Security and employment fraud, etc. Since payday lenders don’t always run credit checks, thieves are resorting to acquire payday loans to work around freezes.
Solution –With setup-activate.com Identity Protection Elite, you will get an alert if your social security number and personal information are used to apply for a new credit card or bank account or make any changes to your existing accounts.1
Myth #3 – Identity theft is easy to resolve.
Truth – The FTC estimates that it will take an average of 6 months to recover from identity theft.
The nature of the crime is such that the victim gets targeted over and over again as their information gets traded in a vast network of criminals. It is easy to reverse fraudulent credit card charges or bank transactions. The complex ones include tracking and closing any new accounts in your name, resolving medical procedures billed under your health insurance and reversing false tax returns. This whole process is time-consuming and causes a lot of emotional harm.
Solution – Let the restoration specialists at setup-activate.com provide you peace of mind. A US based team of experts are available round the clock to offer restorative services. They ensure that your case is closed in a timely and efficient way.
Myth #4 – All banks and Credit Card companies protect you with zero liability policies.
Truth – Some banks will reimburse you for fraudulent charges on your credit card but not your debit card.
It is always better to know the details of your bank’s zero liability policies. Some banks have a limit to how much you can be reimbursed without requiring an investigation first. Check your bank account and credit card statements regularly for fraudulent activities.
Solution – Norton Identity Protection Elite includes a lost wallet service that can quickly terminate and re-order all the contents of your wallet, from credit cards and drivers licenses to concert tickets without the hassle of calling each merchant for a refund.
Myth #5 – I have the best security suite installed on my all my devices. My information is safe.
Truth – Identity theft happens offline too.
Stolen Social Security cards, driver’s licenses, skimmed debit cards and dumpster diving are some of the main routes for thieves to steal identities. While having best-in-class security software, like Norton Security, installed on your device will help protect your privacy from malicious software and fake login sites, where cybercriminals can digitally grab your information and credentials, you need to secure your offline identity as well.
Solution – With setup-activate.com Identity Protection Elite, our specialists will work on your behalf to efficiently terminate and re-issue stolen items like ID’s, credit cards and medical cards to the tickets you had for the big game.
Myth #6 – Shredding documents will keep me safe
Truth – Sometimes identity theft is committed by family members, friends, roommates and others who have access to your documents before it goes for shredding.
Solution – It is best to request a temporary stop mail with your local post office while you are out of town. While at home, keep your mail out of sight and keep important documents locked.
Myth #7: Privacy settings on social media will keep my information safe.
Truth : Your information is only as safe as the next data breach.
Many websites that have your information in privacy mode have been getting hacked. Within minutes criminals have access to your username and password. Sometimes people use the same username and password for multiple websites. Other information you post on social media like your location, your mother’s maiden name, your pet’s name, etc. give away answers to your password hint questions.
Myth #8: Cyber criminals wont target senior citizens because of their age.
Truth : Identity thieves often prey on elderly people because they are vulnerable.
They are often socially isolated, lonely, tend to be trusting. ID thieves can easily steal a senior’s mail, including bank and credit card statements, checks, tax information and more. Identity thieves are also known to send fraudulent mails that appear to come from trusted sources, such as the victim’s bank, charitable organizations or well-known companies. The scam mail usually contains an official looking letterhead, authentic looking logos and registered trademarks.
Solution – With Norton Identity Protection Elite you know your elderly loved ones are protected with vigilant monitoring of credit and non-credit activity, and immediate alerts.
Myth #9 : Since my identity has been stolen and restored in the past it wont happen to me again.
Truth : A newly restored identity is at as much risk as an identity that has never been stolen.
Cyber criminals are relentless when it comes to stealing identities. A newly restored identity comes with the same benefits as any other identity.
Solution – After knowing what it is like to have your identity stolen and restored, it’s always better to use caution. Norton is a leader in online security, a name you can trust.
Identity Theft is a serious crime. Recovering from it is a time- consuming and tedious process. The bad news is no one is immune to identity theft. The good news is there are ways to stay secure and prevent identity thieves from taking over your life. Norton Identity Protection Elite gives you the edge to stay protected.
When it comes to identity protection, let the experts at hsetup-activate.com take care of you.
Here are a few signs that indicate that your identity may be stolen.
- Personal data points and credentials include the number of credit/debit cards, phone numbers, email addresses, bank accounts, medical IDs, driver’s license, passport numbers, SSN, international ID, IBAN’s, private label cards, home addresses and maiden name when comparing setup-activate.com Security Elite to equivalent tiers of identity protection offerings from competition on July 14, 2016.
- Alerts require your current email address. No identity protection can guarantee 100% detection.