CRYPTOCURRENCY UPDATES: WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS? | VERY USEFUL 5 MIN READ:

WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS?
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CRYPTOCURRENCY UPDATES: WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS?

WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS? WE WILL DISCUSS THIS IN DETAIL.

WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS? THIS WILL HELP YOU TO PROTECT YOUR IDENTITY:

THE LATEST REPORT FROM THE IDENTITY THEFT RESOURCE CENTER IN SAN DIEGO IS EXAMINED BY NBC 7 RESPONDS ALONG WITH SELF-DEFENSE TIPS.

WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS?
WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS?

YOUR CREDIT CAN BE RUINED BY IDENTITY THEFT, WHICH CAN ALSO LEAD TO DEBT AND EVEN LEGAL ISSUES. 2021 WAS A RECORD YEAR FOR IDENTITY THEFT, FRAUD, AND SCAMS, ACCORDING TO A NEW REPORT FROM THE IDENTITY THEFT RESOURCE CENTER.

JAMES LEE, THE CHIEF OPERATING OFFICER OF THE ITRC, DECLARED THAT “WE ARE IN WHAT WE REFER TO AS A SCAM-DEMIC.” “AS THE CANARY IN THE COAL MINE, WE ARE. WE OBSERVE THE NEWEST FRAUD SCHEMES AND CYBERATTACKS.”

IT IS THE FIRST “TRENDS IN IDENTITY” RESEARCH, WHICH DETAILS THE METHODS FRAUDSTERS, CON ARTISTS, AND CON GAMES USE TO ACQUIRE OUR PERSONAL DATA.

WHAT DID YOU LEARN MOST THIS YEAR? ACCOUNTS ON SOCIAL MEDIA ARE BEING ATTACKED.

SOCIAL MEDIA PROFILES ARE THE CURRENT LOCATION OF IT, ACCORDING TO LEE. “SOCIAL MEDIA DOMINANCE, INCLUDING LINKEDIN, FACEBOOK, AND INSTAGRAM. IT’S A LITERAL RISE OF 1,000%.”

LEE CLAIMS THAT THE FACT THAT SOMEONE CAN DO SO MUCH WITH YOUR SOCIAL MEDIA ACCOUNT PLAYS A SIGNIFICANT ROLE IN THIS.

ACCORDING TO LEE, IT FREQUENTLY OCCURS WHEN PEOPLE CLICK ON LINKS THEY BELIEVE TO BE FROM FRIENDS. BUT IN REALITY, YOUR FRIEND CLICKED ON A SIMILAR LINK, GIVING THE FRAUDSTER ACCESS TO EVERYONE IN THEIR SOCIAL MEDIA CIRCLE. FROM THERE, IT SPREADS TO ALL OF THEIR FRIENDS, AND THEN ALL OF THEIR FRIENDS.

SCAMMERS MAY ALSO ATTEMPT TO HIJACK ACCOUNTS BELONGING TO INFLUENCERS OR SMALL BUSINESSES IN ORDER TO STEAL THE MONEY GENERATED BY THOSE ACCOUNTS FOR THEIR OWN USE. DUE TO THE HISTORY OF THAT ACCOUNT, THEY MIGHT ALSO ATTEMPT TO SELL IT BACK TO YOU.

SO WHAT HAPPENS TO YOUR PERSONAL INFORMATION ONCE IT HAS BEEN STOLEN? LEE CLAIMS THAT RATHER THAN TARGETING YOUR EXISTING ACCOUNTS, MORE NEW BANK AND CREDIT CARD ACCOUNTS ARE STARTING TO BE OPENED.

THAT’S MUCH MORE DIFFICULT TO CATCH, LEE SAID. YOU MIGHT NOT BE AWARE OF IT UNTIL YOU RECEIVE A NOTIFICATION FROM THE IRS INFORMING YOU THAT YOU OWE TAXES ON ANY MONEY THAT WAS IN THAT ACCOUNT.

ACCORDING TO LEE, THE MONEY FROM FRAUDULENT SMALL BUSINESS LOANS OR UNEMPLOYMENT BENEFITS FREQUENTLY GOES INTO THESE NEW ACCOUNTS.

LEE REMARKED, “THAT MONEY HAD TO GO SOMEWHERE. THESE WERE PUT UP BY CRIMINALS TO KEEP THE MONEY HIDDEN UNTIL THEY COULD EXCHANGE IT FOR CRYPTOCURRENCIES OR SEND IT ABROAD.

WHAT CAN YOU THEN DO? FIRST AND FOREMOST, LEE ADVISES NOT TO CLICK ON DUBIOUS LINKS.

THE MAJORITY OF THESE ISSUES WITH SOCIAL MEDIA ACCOUNTS ARE CAUSED BY CLICKING ON THOSE DUBIOUS LINKS, ACCORDING TO LEE.

ADDITIONALLY, HE CLAIMS THAT ONCE SUCH ACCOUNTS ARE TAKEN FROM YOU, IT IS NEARLY IMPOSSIBLE TO GET THEM BACK. SO THINK ABOUT UTILISING TWO-FACTOR AUTHENTICATION AND STRONG PASSWORDS TO KEEP THEM UNDER YOUR CONTROL.

THEN, BLOCK YOUR ACCOUNT AS WELL AS YOUR CHILD’S CREDIT. IT WILL PREVENT AN UNAUTHORISED ACCOUNT FROM OPENING USING YOUR DETAILS. CONTACT EQUIFAX, EXPERIAN, AND TRANSUNION DIRECTLY TO ACCOMPLISH THAT.

THEREFORE, LEE EXPLAINED, “NEW ACCOUNTS THAT MIGHT HAVE AN IMPACT ON YOUR CREDIT ARE PREVENTED IF YOU DO CLICK THAT LINK AND YOUR INFORMATION IS HACKED. TO PREVENT THE COMPROMISE OF THEIR DATA AS WELL, “FREEZE YOUR CHILDREN’S CREDIT AT THE SAME TIME.”

CONCLUSION ON WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS:

TO CONCLUDE ON WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS, THE INFORMATION SO PROVIDED ABOVE WILL HELP YOU TO PROTECT YOUR IDENTITY AND YOUR BANK ACCOUNT. BE CAUTIOUS IN THE DIGITAL WORLD TO PROTECT YOURSELF FROM ALL DIGITAL AND OTHER THEFTS THAT ARE HAPPENING AROUND.

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CRYPTOCURRENCY UPDATES: WHAT TO DO TO GUARD AGAINST NEW IDENTITY THEFT TRENDS? | VERY USEFUL 5 MIN READ:

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