Can You Be a Victim? Ways to Prevent Online Identity Theft and Credit Card Fraud

Sep 13, 09 Can You Be a Victim? Ways to Prevent Online Identity Theft and Credit Card Fraud
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The time of the year is approaching where the most online transactions occur. That’s right, mistletoe sightings and weekend snowball fights are around the corner, and along with the joy of the holidays comes the desperate losers that steal our identities to get what they want/need. It’s important we take the time out to do whatever is necessary to utilize ways to prevent online identity theft and credit card fraud.

According to the Javelin Strategy & Research Center, identity theft affected nearly 10 million victims in 2008, and that number is expected to increase in 2009. Fortunately, victims are spending less money out of pocket to correct the damage done by Identity theft. The mean cost per victim is around $500, but most victims do not pay anything due to zero-liability fraud protection programs offered by their financial institutions.

This of course doesn’t mean that you can’t take the appropriate action to prevent the occurrence of such ill-fated behavior. As opposed to sitting around waiting for it to happen, take a few steps now to prevent it.

Don’t leave yourself out as a possibility of identity theft or credit card fraud, even if you have an extremely unique name. Identity theft can come in many forms. Thieves would not hesitate to impersonate you by opening a loan in your name, committing a crime while pretending to be you when caught, or using your personal information to apply for a job.

A company known as Shop Shield® offers a free service which includes secure site registration and also replaces your personal identity information so you and your family remain anonymous and secure during any online merchant transaction.

When browsing online, try your best not to be a victim of phishing scams. A phising scam perpetrator attempts to lure you into logging into a fake website in order to retrieve your password. Make sure not to click any links you receive via email that appear as if they came from eBay, Paypal, or your bank.

The email usually includes some sort of call to action, explaining that your account is being compromised and the only way to resolve it is to login with your password. These sites particularly try to take advantage of consumers around the holidays since the previously mentioned sites receive so much traffic around that time of year.

Try your hardest to be extra cautious around this time of year, and use your best judgment by avoiding anything fishy online especially if it’s something you don’t remember authorizing. Play your part in developing smart ways to prevent online identity theft and credit card fraud to ensure an enjoyable holiday.

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3 Comments

  1. Great advice. I dont know how many times I have to tell people the very same things. Glad I’m not the only one.

  2. I lost this website and luckily I found it again. at this time am at my university I saved the url so that I will read it thoroughly when I have more time see ya

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