Identity Theft Protection & Prevention: Prevent ID Internet Fraud

Posted on: 2005-11-12 17:41:30
Author: James Banks

Online identity theft is a serious crime that can clean out your life savingsand leave you with a damaged credit history that may take years to repair.In the interim, obtaining loans, renting apartments, and even applyingfor work can become increasingly difficult. Here is what you can do toprotect yourself:

Internet and computer safeguards:
Before you shop online, install and Update spyware and virus protectionutilities to prevent a worm, virus or spyware program from sending outfiles or other stored information from your computer. Install a firewallon your home computer to prevent hackers from obtaining personal identifyingand financial data from your hard drive. Encrypt sensitive files.

Before discarding your computer, use a strong "wipe" utility to removeall recoverable data.

Find Out About the Company
If you are unfamiliar with the company, research it before buying fromthem. If you decide to purchase something from an unknown retailer, startout with an inexpensive test order to see if the company comes through.

Trustworthy companies advertise their real business address and phonenumber, or customer service line. See if they are listed on the Internetyellow pages.

Call the company directly to determine if their business is genuine.Find out how the merchant handles returns.

Read their Privacy Policy
Reputable e-commerce sites should offer a Privacy Policy explaininghow your personal information may be shared with third parties. To preventunwanted e-mail ("spam"), junk mail, or phone calls, read their privacypolicies before submitting your personal information.

Verify the Web Site Address
Cyber-criminals have been known to create counterfeit sites that looklike authentic, well-established companies. Check the website address atthe top of the screen, when you first visit an online store and check ifit is the same as the real company's.

Shop on Secured Transaction Protected Sites
A secure site uses encryption technology to transfer information fromyour computer to the online merchant's computer. There are a couple ofways to discern whether a site is secure.

At the time of entering personal credit card information, look atthe address bar to see https://. The "s" after "http" indicates secure.Often, you will not see the "s" until time of check out.

Another way to know if a web site is secure is to look for a closedpadlock displayed at the bottom of your screen. If that lock is open, youshould assume it is not a secure site. Some browsers indicate a securesite with an unbroken key.

Shop in the USA
By shopping in the U.S., you are protected by both federal and stateconsumer laws. Consumer protection is often unavailable in other countries.

Seal of Approval
For peace of mind, find out if the online store voluntarily belongsto a seal-of-approval program that sets privacy-related guidelines; suchas, the Better Business Bureau Online (www.bbbonline.org)or TRUSTe (www.truste.org).

Credit Cards VS. Debit Cards, Cash VS. Checks
Because of the federal Fair Credit Billing Act, credit cards are thesafest way to shop online. Under this law you have the right to withholdpayments on disputed charges. It is good practice to use one credit cardwhen purchasing online to more readily track fraudulent charges.

Personal checks make you susceptible to bank fraud. Money orders mayprevent this but do not offer additional protection in the event of problemswith your order.

Use an actual credit card, not an ATM debit or check card. As with checks,an ATM card may open your personal banking information to criminals. Debitcards are not protected to the same extent as credit cards. If you haveto use a debit card, consider using one with a limited balance that youuse solely for online purchases.

Keep Your Password Private
Reputable e-commerce sites may require the shopper to log-in by creatinga username and a password before placing or viewing an order. Never revealyour password to anyone. When selecting a password, do not use commonlyknown information, such as your birth date, or driver's license number.Do not reuse the same password for other sites. A good password has atleast eight characters and includes both letters and numbers.

Do NOT Give Out Your Social Security Number
There is no reason for any merchant to ask for your Social Securitynumber. It is not a requirement for purchasing online.

Disclose as Little Information as Possible
Merchants often try to obtain more information about you than necessary.They may want to know your leisurely activities, income or interests. Thisinformation may be used for marketing purposes and can lead to "spam",junk mail and telemarketers.

Only answer questions you deem are required to process your order. Often,required questions will be marked with an asterisk (*).

Print a Hard Copy of Your Order
After placing an order, you should be directed to a confirmation pagethat reviews your entire order along with customer service informationand a confirmation number. Keep it for your records for at least the periodcovered by the return/warranty policy.

Often you will also receive a confirmation e-mail. Be sure to keep itin your inbox along with any other correspondence until you are satisfiedwith your purchase.

For more on Identity Theft, vist SpyFind's ID Theft Center, http://www.spyfind.com/credit/identity_theft.html.