More than likely, you have been touched by identity theft, either personally, or you know someone who has. An average of 12 million people in the US are effected by identity fraud each year.* In today’s cyber world, it is important to keep an eye on your social security number, your financial and medical information and your credit. In the past, it wasn’t crucial to shred documents or look at your statements closely. Thieves, whether they are cyber or not, can use your social security number to open accounts and make charges that they don’t plan to pay, file a tax return under your social security number to receive a refund, or cause you to receive bills for medical services that you never received. Those infractions can hurt your credit score which can impact your future borrowing, not to mention the time and aggravation it will take you to fix the wrong-doings.
What can you do to protect yourself and your family? Here are some habits that should be developed:
We can all think of better ways to spend our time rather than monitoring our life this way. Get into the habit, and become aware. Eventually it will become routine and could save you from becoming a cyber statistic.
Author: Nancy D. McKee, CFP® | Allegheny Financial Group | March 2016
Allegheny Financial Group is a Registered Investment Advisor. Securities offered through Allegheny Investments, LTD, a registered broker/dealer. Member FINRA/SIPC.