Identity Fraud ‘On The Increase’
A report published in 2009 called the Identity Fraud Survey from Javelin Strategy and Research confirms the strong connection between identity theft and fraud. It warned the general public that they must be more vigilent and proactive when it comes to protecting their personal information from identity thieves.
The report stated, a person who is the victim of a data breach is four times more likely to end up being the victim of identity theft. However, Javelin noted that many consumers who have experienced a data breach may not know just how much it can affect them.
“Data breach notifications were intended to help consumers take protective action when their private data is exposed,” the Javelin report noted. “But there seems to be a disconnect between data breach notifications and consumer understanding of possible outcomes of data breaches.”
If you experience a data breach, there are a number of steps you can take to prevent identity theft. For example, you can put a credit freeze on your account, which keeps credit reporting agencies from releasing your information.
You should also monitor your credit reports if you’ve been the victim of a data breach. Along with a credit freeze, you may want to consider placing a fraud alert on your report.
Ensure your internet security software is updated and never click or download suspicious links in emails.
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