If you do not want to become a victim of financial fraud, then it’s important to know the signs of when someone is attempting to scam you. Here are some quick tips that will help keep you safe:
Keep Your Social Security Number Private
The most important thing you can do to avoid becoming a victim of identity fraud is to keep your Social Security number private.
Don’t give out your Social Security number unless it’s absolutely necessary and even then, don’t give it over the phone or online. It should only be given to someone who needs it for business purposes or when filling out forms that require such information; this includes medical offices, financial institutions like banks and credit card companies (including student loan providers), insurance agencies and other businesses that require the use of this sensitive data in order to conduct business with them.
Use Unique Passwords For Each Account
A good way to avoid becoming a victim of financial fraud is by using unique passwords for each account, saysNathan Deladurantey. This will prevent someone from accessing all your accounts if they gain access to one or two of them. It’s also important that you use strong passwords that are not easy to guess, like “123456789” or “password1”. You should also change your passwords regularly, especially if they have been compromised in any way.
If you need help with remembering all these different passwords, there are several services available online that offer password management systems which will allow users to store all their login information in one place so that it can be easily accessed when needed without having too many different codes floating around on paper documents at home or work!
Don’t Give Out Personal Information Online (Or Over The Phone)
If you’re not sure if a company or organization is legitimate, don’t give them any personal information, according toNathan Deladurantey. Don’t give out your Social Security number, bank account information and passwords to anyone who contacts you.
Never provide personal information over the phone unless you’ve initiated the call and know who you’re speaking with.
Don’t send money through Western Union or MoneyGram wire transfers unless absolutely necessary–it’s easy for scammers to impersonate these companies online by creating fake websites that look exactly like the real thing but are actually fronts for criminals who want access to your money!
Use A Credit Freeze To Stop Identity Theft In Its Tracks
A credit freeze is a free service that prevents new creditors from accessing your credit report. It’s a good solution for preventing identity theft, as it prevents anyone who has access to your personal information from opening accounts in your name.
Credit freezes do not affect your existing lines of credit or loans, but they may affect how quickly you qualify for new ones without a freeze lifted on one or more of your three major bureaus (Equifax, TransUnion and Experian). If you choose this option, make sure to check with each bureau before applying for any new accounts so that you have all the facts about what will happen when it comes time for lenders to look at your history of borrowing money.