Coming up with excuses for not doing things seems to be way easier than actually getting things done. It can be anything from blaming the rain outside for not going to the gym or using the coronavirus as a reason to not leave the house.
What’s your excuse for not protecting your identity? As many as nine million Americans a year have their identity stolen. Not protecting your identity is extremely dangerous, so we’re going to debunk five identity theft myths.
4 Tips For Seniors to Overcome Identity Theft
1. A False Sense of Protection
You may believe that you’re already protected from identity theft through your bank. Unfortunately, this is a myth. Fraudulent activity may be detected, but identity theft isn’t.
The money may be returned to your bank if it’s stolen, but that doesn’t stop identity thieves from causing problems in other ways. For example, criminals can create havoc by opening credit cards in your name and going on a shopping spree.
There are various companies that can help guard your identity, such as “identity Guard”. Personal data is being saved online all the time, making people more easier to scam than ever.
2. Thinking You Can Manage it Yourself
Monitoring the situation yourself isn’t enough to protect your identity. Sometimes it’s not possible to handle everything on your own and help is needed. Monitoring credit on your own is definitely possible, but that’s only one piece of the puzzle.
Extra help with watching your identity can help by sending you alerts for detected threats, such as requests to open new accounts in your name. In-depth protection that isn’t fully manageable on your own.
3. There’s Nothing to Steal, So Why Would they Target Me
Just because you don’t have loads of savings doesn’t mean that they won’t target you. You don’t need to have money in the bank, just enough credit for them to rack up a bill. Guarding your social security number is important because they can use that information to take out loans and destroy your credit.
ID theft could also lead to IRS audits and fines, revoking your health insurance coverage and more. You can end up having to face criminal charges and be liable for false medical claims. Theft of identities is a legal crisis and a financial one.
Children are equally likely to be targets of identity theft, if not more. A family friend, family member, or a stranger may use their name to take out loans and destroy their children’s future.
4. I’m Not Even Online
Just because you’re not spending a lot of time online doesn’t mean that you don’t need to worry about identity theft. They think there isn’t enough personal information available to cause them harm by not using the internet, that’s totally false.
There’s a ton of information online about you and you may not know how it’s putting your identity at risk. You might be even more at risk if you don’t spend a lot of time online because you don’t monitor your data.
That doesn’t mean you need to spend more time online. But you do need to have a company you can trust to do the monitoring for you.
Entrust of DeSoto: A Resident-centric Memory Care Community in Dallas, Texas
Entrust of DeSoto is a memory care community that puts resident well-being at the center of everything we do. We know that each person is unique. That’s why we offer a wide range of services and lifestyle options to nourish the body and create community.
We understand the importance of home cooked meals and nutrition for seniors and this attitude is reflected in our dining experience. If you or a loved one live near Dallas, Texas and need assisted living, contact Entrust of DeSoto today to learn about our 24-hour care and find out how we can help.