Some people consider being paranoid is normal if they deal with anything that involves the share of personal info.
That is particularly a case in online shopping and financial service applications.
Regarding online shopping – although sometimes considered as technophobia – the fear of technological advances, including the Internet – the paranoid of stolen private information is more often reasonable than not, particularly today.
One of the reasons people being paranoid about anything involving the share of personal info is identity theft.
According to Wikipedia, Identity theft is basically a term used to refer to fraud that involves stealing money or getting other benefits by pretending to be someone else.
This fraud causes damages beyond money – your reputation, both online and off line.
There are four type of identity theft, according to Wikipedia:
All causing reputation damage, and most cause financial problems for the victims.
Most commonly, they will use your identity to buy goods and services, as well as applying for credit.
The latter often causes severe problems, because your identity is linked to your credit report – when identity thieves apply for a credit (and of course, they will not pay when it’s due), it’s your name linked to the credit; Not paying the credit will not only cost you money, but also problems with the collection agents and ultimately, leaving ‘red marks’ in your credit report, decreasing your credit score.
Although being paranoid is obviously unhealthy, it does arguably help you being cautious is a good way to protect yourself from identity theft.
Many people who are victims of identity theft thought that it would not happen to them – unfortunately, they realise it when it strikes them.
There are ways to help you deal with identity theft, some of them available online.
You can actually start a simple measure to protect yourself from identity theft – never, ever share your personal information with non-trusted and questionable third-parties, either in online shopping or financial service applications.
However, to ensure your reputation and credit report protected, you might want to consider the help of identity theft protection service providers. They are more than ready to help you protect your identity, both online and off line.
Some of the big names providing such services are Lifelock and TrustedID.
Which one is the most suitable solution for you? You can learn about Lifelock VS TrustedID from the Net.
I also suggest you to read Lifelock Reviews and other identity theft protection reviews to learn others’ experience with the service provider.
Last but not least, don’t apply for any credit cards or credit applications on sight! Managing your personal finance closely will naturally decrease the potential of identity theft.
Image by CarbonNYC.
Tags: financial security, identity theft
Great advice. There is actually some more free advice here: identity-theft.weebly .com
Keep up the good work 🙂
I have identity theft protection with SOLUS ID. It is better to be safe than sorry.
@ Andrew – thanks for the recommendation 🙂
@ Brad – How is it compared to Lifelock and TrustedID?