Cybercriminals, leveraging stolen identity information combined with powerful AI tools, are developing more sophisticated schemes for identity theft than ever before. Know how to protect yourself with these tips.
The Insurance Information Institute (III) offers some tips to help prevent identity theft. Be especially careful when . . .
- Shopping online. Cybercriminals use AI to breach organizations’ systems to steal consumer identity information, such as an individual’s date of birth, Social Security number, and residential address. Use only secure sites and reputable retailers.
- Selecting passwords. AI algorithms enable systems to identify patterns and make predictions based on vast datasets, making passwords easier to crack. Do not use easily accessed names or numbers, such as your mother’s maiden name or part of your address or social security number, in your passwords. Use two-factor authentication when the option is available.
- Throwing away trash. Shred bills and documents that include any of your personal or identifying information, such as your social security or account numbers.
- Making purchases. Never throw away your sales receipts in public trash cans; always ask for a receipt for items purchased with a bank or credit card.
- Traveling. Only carry the bank and credit cards that you absolutely need when traveling. Be sure to keep a copy of your account numbers and contact information for your bank and credit card companies in a safe place in case you need to report a lost or stolen card.
For more tips on preventing identity theft and fraud, be sure to check out the FTC’s identity theft website for consumers, which includes videos, publications, and an online “test your knowledge…” quiz.
Finally, CyberShield coverage is available as an endorsement to your homeowners policy. Check with your insurance agent to learn more about the coverage options that may be available to you.