Your personal information is your financial identity, but also to your online identity. Knowing how to protect your information — and your identity — is a must in the 21st century. Identity (ID) theft happens when someone steals your personal information to commit fraud. The identity thief may use your information to fraudulently apply for credit, file taxes, or get medical services. These acts can damage your credit status, and cost you time and money to restore your good name.
Tips for protecting your financial information:
Your financial information is sensitive and should be kept confidential. You should keep your financial information and other personally identifiable information private. Unfortunately, there are criminals who prey on unsuspecting people and commit fraudulent activities. With the right information, the wrong person could make charges to your accounts, open new credit accounts or even file your taxes and receive your tax return.
Visit the Federal Trade Commission for advice to reduce your risk in the following areas: