Protect Your Identity
1. Create Strong Passwords and Update them Frequently. Remember to create a strong password, by avoiding common or easy-to-guess passwords. Common passwords often include a birth date, a pet’s name, a mother’s maiden name, or a person’s school or work. A safer password usually has some capital letters and at least one numeric or other non-alphabetical character. From time to time, it is important to change commonly used passwords.
2. Be Aware of What You Share. Between the increasing numbers of social networks, from Facebook to Twitter, and LinkedIn to Google+, a significant amount of personal information is being shared online that can be used to authenticate a person’s identity. Don’t share or post personal information online, such as your address, phone numbers, SSN, birth date, or birth place.
3. Keep Sensitive Personal and Financial Documents Secure. Most people store personal and financial information on their computer. If you do, it’s important to protect your computer by installing a firewall, using anti-virus and anti-spyware software, keeping your browser updated, and securing your wireless network. If you are disposing of financial or tax documents, make sure you shred them, and if you are keeping hard copies for your records, store them in a safe location. Never carry around your Social Security card.
4. Protect Your Mobile Device. There are great apps available to help you budget, track your finances and even do your taxes on your mobile phone. Make sure the apps that you download are from a reputable company and check the ratings and comments to be aware of what the app does and what information it may access on your mobile device. You should also secure your device with a strong password and use your phone’s auto-lock feature to protect personal information.
5. Check Your Credit Report. Your are entitled to one free credit report each year, which is compiled from information from the three major credit bureaus: Experian, Equifax, and TransUnion. Take advantage of the free report in order to catch any errors. If any information has been compromised, set up a fraud alert with the three major credit bureaus. A fraud alert will require them to verify your identity further upon application.
Effective September 21st, 2018 consumers also have the option of a free credit freeze. See this article from the CFPB for more information on credit freezes.
6. Don’t Fall for Phishing Scams. These email scams can come from a party claiming to be a trustworthy entity, (e.g., your bank) asking you to click on a link and confirm personal details including address, account numbers, or even your SSN. Trustworthy companies would never ask you to provide personal or sensitive information without first signing into your account behind a secure firewall. The IRS in particular will never communicate or request personal information via unsolicited email. Do not open or forward emails claiming to be from the IRS—forward them to phishing@irs.gov.
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