For many people in Singapore and other Asian countries, theft of their identities is the biggest worry they face, according to the latest Security Index. Eighty percent of people who were surveyed in Singapore along are worried about others stealing their identities or using their credit cards without their knowledge. Hong Kong and Malaysia had similar worries.
The Security Index is based on local fears about security. A low number indicates that people have little fear, whereas a high number indicates a lot. If there’s no fear, the Security Index would be zero, however, in Singapore and Hong Kong, the index is a startling 179, with Malaysia not far behind at 174. This is a lot higher than countries like New Zealand or Australia, which are below 150 on this scale.
Despite the fact that many people in the area are quite concerned about the security of their identities and finances, a fifth of them still don’t take basic security measures, like destroying the receipts from an ATM. This shows a degree of complacency that doesn’t match with their worries. Many people are used to trusting their banks and don’t realize all the vectors through which their identities could be stolen. Identity […]
Full Article At: KnowHow-Now.com Articles
Over nine million people each year report that they are the victim of some type of identity theft. As criminals continue to find new ways of committing fraud, we must also continue to remain diligent about protecting our personal information.
As more and more people use credit cards and debit cards to shop or pay bills, it0s getting easier for thieves to steal sensitive information as well as completely assuming someone0s identity. Here are four simple ways to protect your identity and your hard earned money.
1. Use common sense.
Never give out your debit card number over the telephone, especially if you weren0t the one who initiated the call, unless you are dealing with a trusted company that you are familiar and comfortable with.
Limit the amount of cards you carry with you, and keep all of your receipts in a safe place. Never throw any type of receipts in the trash near the ATM machine or a public trash container.
2. Sign up for online banking.
Enroll in your bank0s online banking program so that you have easy and immediate access to your accounts at all times. The sooner you0re able to report fraud to your financial institution, the quicker you0ll be able to […]
Full Article At: KnowHow-Now.com Articles
