Identity theft is a growing problem that affects thousands of people each year. It can happen to anyone, and there is no guarantee that you will never become an identity theft victim. However, there are a number of tools out there that can drastically reduce your risk. These five identity theft protection tool are the most effective. While some are free, others require a slight investment or subscription fee.
Anti-Virus and Anti-Spyware Software
One of the most common ways identity thieves access and steal your personal information is through the internet. Harmful viruses, spyware and Trojans can make your computer vulnerable to identity thieves and allow them to access important personal information such as your social security number, passwords, credit card numbers and bank information. Using an anti-virus and anti-spyware software program severely limits access to your personal information from identity thieves.
Shredder
Dumpster diving and trash digging is still a popular method for identity thieves to get hold of your personal information. Important information such as your Social Security number, date of birth, and your credit card and bank numbers are usually found on documents you might throw away. A small investment in a shredder can drastically reduce the ability of identity thieves to gain access to your information from personal paperwork. You should shred all personal documents before throwing them in the trash to keep your personal information safe.
Safe or Lockbox
In the event that you are burglarized, documents you have in your home can allow identity thieves to gain access to your personal information. Investing in a small safe or lockbox is a great idea. Placing any documents with personal identifiable information on them in a safe or lockbox will keep burglars from getting their hands on your important information.
Credit Monitoring Services
Most people find out they have been victimized by identity thieves by checking their credit report. Unfortunately, by the time they find out the damage has already been done. Credit monitoring services constantly monitor all three credit reports for any changes, credit inquiries and authorizations, and name or address changes. They then notify you immediately and corrective action can be taken.
Password Managers
Many people either use the same password for just about everything or use multiple passwords they can never remember, thus leaving a paper trail for prying eyes. A password manager can keep your passwords securely encrypted in one place on your computer. One simple combination is all you need to unlock them all.
Identity theft is an increasing problem that too many people fall victim to. There are many tools available that can help minimize the risk of identity theft, but no one tool can guarantee that you will not become the next victim of determined identity thieves. However, using all of these tools in conjunction with one another can definitely reduce the risk of your identity being stolen.