JKB Ep. 19 — Identity Theft Warning

In this episode, Joe Ducey discusses the increasing threat of identity theft and how to protect yourself. He interviews Eva Casey-Velasquez, President and CEO of the Identity Theft Resource Center.

Key points:

• Common tactics: Identity thieves use various tactics, including phishing emails, fake job offers, and data breaches.
• The impact of identity theft: Victims may experience financial loss, damaged credit scores, and emotional distress.
• Preventive measures:
  • Strong, unique passwords: Use strong, unique passwords for each account and consider using a password manager.
  • Enable two-factor authentication: Add an extra layer of security to your accounts.
  • Monitor your accounts: Regularly check your bank and credit card statements for unauthorized activity.
  • Freeze your credit: This makes it harder for identity thieves to open new accounts in your name.
  • Be cautious online: Avoid clicking on suspicious links and be wary of unsolicited emails and phone calls.
• What to do if you're a victim:
  • Contact the identity theft resource center: They can provide free assistance and guidance.
  • File a police report: This can be helpful in certain cases.
  • Contact credit bureaus: Place a fraud alert or security freeze on your credit report.
  • Close compromised accounts: Cancel any affected credit cards or bank accounts.
  • Monitor your credit reports: Regularly check for unauthorized activity.

By taking proactive steps and being aware of the risks, individuals can significantly reduce their chances of becoming victims of identity theft.