How safe is your personal information? In light of recent data breaches of several major, recognizable companies, common identity safety precautions such as fraud alerts may not be enough to protect you and your personal information and account numbers. While fraud alerts can help protect against new accounts being opened in your name without authorization, they can’t prevent identity thieves and hackers from accessing your existing accounts.
“Although fraud alerts have long been recognized as one of the strongest methods of identity protection, they simply aren’t enough,” says Trey Loughran, president of Equifax Personal Information Solutions. “Existing account information like credit card numbers are vulnerable to identity thieves even with an active fraud alert. And the longer it takes to detect identity theft, the costlier the damage that can be done.”
What can you do to protect yourself and your existing credit accounts from identity thieves and hackers?
While organizations determine the best ways to implement stronger infrastructure security measures to protect consumer data, you can act proactively to control unauthorized use of your personal information and minimize your exposure to financial damages and future risk.
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