Identity Theft Costs Americans Billions of Dollars

Orlando, FL — March 22, 2016 - Identity theft is one of the most prevalent crimes that can be easily committed pretty much by anyone. There are cheap and technologically-advanced tools that are designed to steal personal and financial information in just a matter of seconds. This crime is extremely common, especially in the United States.

Identity theft costs Americans billions of dollars. This crime is a type of fraudulent activity that involves stealing information or money or gaining other benefits. It can happen in various ways such as stealing credit card details, opening bank accounts, and taking out loans illegally.

Individuals who are victimized by this type of crime do not just suffer from potential financial embarrassment, but also from a long, time-consuming, and costly process of regaining their identity and clearing their name.

There are many methods of identity theft commonly used by thieves. This includes theft of mail articles, bags, purses, and wallets. Thieves may also skim debit and credit cards through the use of cheap scanners.

According to experts, people may know that they are victimized when they take a look at their credit report and financial statements. If they notice unusual transactions, they should take time to investigate further, regardless of how small the amount of money involved is.

The Bureau of Justice Statistics report in 2014 reveals that there is a total cumulative loss of $15.4 billion for victims of identity theft. Experts recommend that people should learn to recognize identity theft to minimize the damage and prevent it from happening.

There are methods to increase one’s protection from the crime and one is to strengthen their digital security. They could do this by choosing good passwords and PINS, and vary them from one account to another.

Computers should also be protected from complex software that is designed to steal personal details and financial information. People should be also be wary about phishing scams, which come in a form of emails. These scams often solicit information such as account numbers, passwords, and social security details.

Experts also recommend that people should take prudent care while shopping or doing transactions online. There are shoulder surfers to watch out for, which is a person behind you in line at the ATM or establishments.

There are many ways to improve one’s protection against identity theft. There are protection sleeves available online that work by protecting credit cards, passports, and other pertinent documents from identity thieves. One of the best options is the set of RFID blocking sleeves, which is available at amazon.com (amazon.com/RFID-Blocking-Sleeves-Protector-Protection/dp/B0150T0AI2/).

ABOUT US
RFID Vault is a brand dedicated to protecting your bank without breaking it! Keep your personal information stored on bank cards, credit cards, drivers licenses and passports safe a secure. We are dedicated to providing quality RFID products and personal customer service.
Media Contact —
Rebecca Davis
media@myrfidvault.com
Website: www.myrfidvault.com