You Can Avoid Identity Theft
Identity theft happens when someone uses your personal information—like your name, Social Security number, or credit card number—without your permission to commit fraud. It’s more common than you might think, with millions of cases reported each year.
Thieves use all kinds of tactics to get your personal data—from stealing mail or wallets to hacking into business databases. Once they have your info, they can cause serious damage, including opening accounts in your name, draining your funds, or racking up debt.
How It Happens
Here are just a few ways identity theft can occur:
- Stolen wallets, purses, or mail
- Dumpster diving for documents with personal info
- “Phishing” emails or fake calls pretending to be from trusted companies
- Credit card skimming at ATMs or payment terminals
- Hacking into company databases
- Fake change-of-address requests to redirect your mail
What Thieves Can Do with Your Info
Once they gain access, thieves may:
- Open credit cards or loans in your name
- Change the billing address on your accounts
- Drain your bank accounts through unauthorized transfers
- File fake tax returns or apply for jobs
- Get new ID cards using your name
Signs of Identity Theft
Watch for these red flags:
- Unfamiliar charges or withdrawals on your accounts
- Missing bills or mail
- Calls from debt collectors about purchases you didn’t make
- Denial of credit for no clear reason
- Credit cards or account statements you didn’t request
Protect Yourself
- Review your financial statements regularly
- Check your credit report often—you're entitled to one free report per year from each of the three major credit bureaus at www.annualcreditreport.com
- Don’t give out personal info unless you’re sure who you’re talking to
- Shred documents with sensitive info before tossing them
- Keep your mail and personal items secure
If You Think You’re a Victim
Take action quickly:
- Contact Gather right away
- Report identity theft to the Federal Trade Commission
- Consider enrolling in identity theft protection services
Staying aware and acting fast can help protect your finances—and your peace of mind.