March 29, 2007

The Winner’s Edge — Protect Yourself from Identity Theft

The high tech age has created a new form of crime known as identity theft. Basically, identity theft is the use of your name, social security number and other personal information to steal money from you or to commit some other form of fraud.Identity thieves will open credit card accounts in your name, steal from your bank accounts and ruin your credit rating and reputation. Victims of identity theft have been refused loans, turned down for jobs and in some cases arrested for crimes they didn’t commit.HOW IT OCCURSIdentity thieves can gain access to your sensitive personal information in several ways.They can obtain information from businesses and other institutions, such as schools, by stealing records from their employers, bribing employees to steal it and by hacking into computers.They can “dumpster dive,” that is, rummage through your trash can or the trash of businesses.They can use a technique known as “skimming” to steal your credit card number when your card is processed at a store.They can use their employer’s access to credit reports to get your confidential information. Or, they may contact credit reporting agencies and pose as an employer or landlord.They steal wallets and purses, which usually […]

Full Article At: KnowHow-Now.com Articles

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