Beyond all doubt, you’ve pitched upon this term on the Internet or even fallen victim to the type of cybercrime. Besides, the number of affected web users is constantly mounting. That’s why you should sit over the problem and find out how to protect your identity against theft.
What is identity theft?
Identity theft is a type of network fraudulence that’s focused on privacy abuse. It involves a deliberate usage of misappropriated identities as a method to make a profit and inflict harm and losses. The theft includes the fact that a criminal utilizes victim’s personal info, such as a full name, an identification number, or credit cards data without his/her authorization to turn it to advantage.
5 reoccurring identity thefts
Today’s cybercriminals employ various methods to get what they want. Depending on fraudster’s targets, identity thefts make different types:
- Employment-related fraudulence.
- Tax-related fraudulence.
- Bank fraudulence.
- Credit card fraudulence.
- Phone fraudulence, etc.
But more often than not, tax-related fraudulence holds leading positions among cyber attackers.
Tax-related fraudulence impacts
According to the latest surveys, a slim majority of the theft victims had to borrow money from the close setting, more than 30% had to ask for government assistance, the others had to obtain a payday loan.
What is more, identity thieves intimidate their victims with fear of being persecuted. For example, tax-related fraud unsettles average customers while doing taxes. Such a fear is explained by unwillingness to have identification data stolen and utilized for malicious purposes.
The problem of identity theft has spilled over into small and large organizations and influenced the employees. Put it differently, victims of identity thefts menace safety of their companies.
⇒ How to avoid identity thefts in 7 different steps?
In a point of tax-related fraudulence, many cybersecurity experts recommend taking the following measures:
- file all taxes;
- secure gadgets with antimalware utilities;
- subscribe for a decent VPN service, which encrypts net connection, while also protects transported info against malicious third-party penetration;
- keep Social Security card at safe location and do not carry them around;
- avoid personal info exchange over mobile network or via email;
- exterminate any documents that fall into disuse;
- stay informed about the latest cybersecurity techniques.