Simply put, tough economic times are ripe for ID theft. Because of that, we are realizing very quickly that our job and our financial portfolio ar not the only things we need to be worrying about right now! We need to keep an eye on our identity as well. Crime tends to increase during hard economic times.
There has been a recent delining trend in identity theft cases recently, however, we may see a reversal in this trend if things continue down the road we are headed! I.E. The percentage of adult Americans victimized by ID theft was 3.58% last year, according to Javelin Strategy and Research, down from 4.25% in 2004.
Think you already know everything that's needed to protect your identity? Here is a pop quiz to see if you are ready to protect yourself against identity theft:
1. Data breaches, in which personal information such as Social Security numbers are stolen or exposed by hackers, have become the leading cause of identity theft. True or false?
2. Consumers can prevent criminals from accessing their bank accounts by not writing down their personal identification numbers (PINs). True or false?
3. What is "vishing"?
Are you comfortable with your level of Identity Theft knowledge?
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