The Personal Finance Week 4 Assignment
Identity theft is a serious problem and can have far-reaching consequences for individuals, so it’s important to take steps in order to reduce the risk of becoming a victim. When dealing with sensitive data, it’s important to be mindful of your surroundings. This means not entering personal information into public computers, or using unsecured WiFi networks. It also includes never sharing PINs or passwords.
Also, changing passwords regularly will prevent unauthorised access. It is not just bank accounts that are at risk. Social media profiles may also be compromised by criminals posing in your name to get personal information about you from friends. Monitoring financial statements regularly is another method to detect suspicious activities before they escalate. Finaly, being aware of the amount of information you share online can help reduce your chances of becoming a victim of cybercriminals.
Following these simple steps, individuals can protect themselves online and offline from identity theft. It is important that everyone stays informed of new scams, and takes action to protect themselves both online as well as offline.