It is very important to keep all personal records in a safe place where no one i

Question

It is very important to keep all personal records in a safe place where no one is able to get your personal information. The Federal Trade Commission provides consumer information about identity theft.

Identity Theft: Federal Trade Commission. Retrieved from http://www.consumer.ftc.gov/features/feature-0014-identity-theft

Read about how to protect your identity and the steps to take if your identity is ever stolen then answer the following questions on the Discussion Board.

Draw from your personal as well as professional experiences to answer the Discussion topics below. Remember that this is a discussion, so keep your responses succinct and focused on the topic. Respond to at least two of your colleagues.

QUESTION: What should you do to protect your personal information? Why is this so important? If your identity is stolen, what steps should you take? Share your experiences with us.

Explanation / Answer

Identity theft occurs when someone obtains your personal information, such as your credit card data or Social Security number, to commit fraud or other crimes. The Federal Trade Commission estimates that 9 million Americans suffer identity theft annually.

Identity theft happens when someone steals your personal information and uses it without your permission.
It is a serious crime that can wreak havoc with your finances, credit history, and reputation – and it can take
time, money, and patience to resolve. The Federal Trade Commission (FTC), the nation’s consumer protection
agency, prepared this guide to help you repair the damage that identity theft can cause, and reduce the risk of
identity theft happening to you.

Following meausers can be taken:

1. Guard your information online

2. Monitor your bank and credit card statements

3. Verify your mailing address with the post office and financial institutions

4, Monitor your credit report

5. Shred sensitive documents

6. If you've been a victim of identity theft, you might be entitled to free credit monitoring.

7. Check your financial statements regularly, keeping an eye out for any unfamiliar activity. If you find something irregular, report it ASAP.

8. If you're especially concerned about identity theft, consider freezing your credit report, which prevents hard inquiries without your permission.

9. Protect your computer with multiple security products

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