Myth vs. Reality – Identity Theft (part 1 of 2)

What you don’t know can hurt you

Myth: I use cash so I won’t become a victim of identity theft.

Reality: There are two things to consider: First, just because you have not established a credit account, that doesn’t mean somebody else will not use your PII to obtain credit. Second, identity theft affects far more than credit. Identity theft can involve criminal acts, medical care, banking, employment and more. It is important to monitor and protect your identifying information as much as possible regardless of your favorite payment method.

Myth: My credit report is monitored. I don’t have to worry about identity theft.

Reality: Credit report monitoring can help you discover potential credit-related identity theft early. While it may then provide an opportunity to take steps to prevent other cases of credit-related identity theft, you must approach credit report monitoring as a valuable tool of detection rather than prevention. As stated in the previous myth/reality, a thief can use your PII to accomplish much more than opening new credit accounts.

Source: Investigators of Kroll’s Cyber Security & Information

Your Identity is Important

Get the experts on your side so you can fight back against one of the fastest growing crimes in North America with the Identity Theft ShieldSM offered by LegalShield, and full IDT restoration services will be done by Kroll investigators.

 

 

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