4/18/2011 - How to stay protected from identity theft
Identity theft is a growing problem in recent years, and many consumers are unsure how they can keep themselves from becoming a victim. The Federal Trade Commission
has some precautions everyone should take.
The first step the FTC says people should take is to be careful where they use their social security. While banks and employers are required to collect that information for tax purposes, other businesses may also request it. The agency says people should use caution when they give out that information.
Consumers should also be careful what they throw away. Many potential identity thieves go through garbage looking for personal information, the FTC says. Shredding documents like bank statements, credit card offers and insurance forms can make it tough for thieves to discover any information.
That care should also extend to the internet. The FTC says people should verify online sites are legitimate before giving out any information, and choose complex passwords once they do.
Improved consumer protections may be having an effect. A February report from Javelin Strategy and Research
found the number of identity theft cases in the U.S. had dropped 28 percent in 2010 compared to 2009. Still, more than 8 million adults were victimized.
While identity theft is an everyday concern for many consumers, it's also a serious risk for businesses and business owners. That’s why Selective offers identity recovery insurance for your business to help you stay protected. For more information, talk to your Selective agent today and click here
to learn about our products.