Identity theft is becoming a multi-trillion dollar business, and one of the ways criminals get personally identifiable information is by digging through the trash and using account numbers to create false identities. Your account numbers are often located on numerous documents you throw away each month, and even if you rip them into tiny pieces, it’s quite easy for criminals to piece information back together in order to get what they want.Continue reading How to Dispose of Important Documents Without a Shredder
Mismanaging important personal or financial documents can lead to no end of problems. Ensuring that all tax information, pay stubs and statements that may contain financial or account information are kept on hand for as long as they are needed, and that they have been properly and securely disposed of as soon as they are not, are matters that should never be left to chance. Proper organization and professional shredding and document destruction services can both play an important role in keeping important data and documents safe and secure.
Monthly Bill Payments and Minor Transactions
A good rule of thumb is to keep all utility bills, and bank statements for at least one month. Short-term storage is ideal for records and documents that are unlikely to be needed or that may be easily reproduced should the situation warrant. Simply throwing away old bills or bank receipts rather than arranging to have them shredded can be a recipe for disaster. Professional residential shredding is essential for ensuring that sensitive information does not fall into the wrong hands.
Pay Stubs and Annual Statements
Documents that provide proof of earnings and income as well as account statements that span more than one billing period and may be used in lieu of multiple monthly documents should be kept for up to 12 months. Pay stubs and other proof of income may be required in order to verify tax information and documents and disposing of them prematurely could lead to unnecessary complications.
Tax Documentation and Major Financial Transactions
Any forms, documents or records that pertain to end of year tax preparation need to be kept for a period of three to seven years. Being the target of an audit can be arduous and unpleasant under even the most ideal circumstances. Situations where important documentation cannot be located or reproduced can make an unpleasant situation that much worse. Any records that were used in order to prepare taxes should be stored securely and kept for up to seven years after the return has been filed.
Safeguarding Personal, Financial and Account Information
There are some documents that should never be destroyed. Mismanaging personal and financial records could increase the risk that a previous year’s tax return, major financial statement or a warranty plan or similar document may be accidentally destroyed. While shredding documents that may no longer be of use is essential for safeguarding personal information, ensuring that hard copies of key documents or essential records are kept in a safe or lock box may be just as important.
Scanning, Duplication and Backups
Digital storage of paper documents can vastly simplify the process of storing and accessing previous records. Transferring hard copies of records to a digital format often means that paper records can be destroyed. Many businesses are implementing these practices so commercial shredding of old records once they have been scanned and saved is an important safety precaution, just as ensuring that all digital records are able to be stored properly in order to reduce the risk of a data breach
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Robocalls rank among the most persistent and aggravating of scamming tactics. These incessant phone calls have gone unchecked for so long that the Federal Trade Commission received a whopping 500,000 complaints just last month. Unfortunately, this figure has become the average monthly complaint rate. Try as we might, our efforts to ignore robocalls have proven futile. These dubious scammers remain resolute on their quest to infiltrate mobile devices and extract personal information. If you’ve been a victim of robocalls a time or two, here are some tips of how to rid these spoof phone numbers from your missed call log.Continue reading How to Stop Robocalls
Identity theft is not a problem that just affects the private sector. The IRS has been struggling with it for many years as well. But a recent report indicates that they are having significant success fighting it.Continue reading How the IRS Is Fighting Identity Theft
Not so very long ago, many considered the dark web an urban legend and identity theft something that only happened to wealthy and careless people. As more and more companies have emerged to protect the identities of everyday people from the villains pilfering and plundering the dark web, the vast majority of the general public has come to accept the reality that the dark web is real and identity theft can happen to anyone.
Identity theft is becoming a more common occurrence every single day. It takes place when someone steals your personal information and uses it without your authorization. This includes your social security number, credit card numbers, bank account numbers, personal medical information, and even your name and address.Continue reading How to Prevent Identity Theft
Do you store sensitive data in paper files? If so, we have a question for you: What do you do with those papers when you no longer need them? If you are like most people, you probably just throw them in the trash bin and forget about them, right? Well, here what you don’t know. Those papers can be used to steal your identity or your customers’ personal information. Customer lists, credit card information, payroll records, and any other sensitive document should be shredded. This will help keep your data secure and prevent identity theft.Continue reading How Shredding Companies Prevent Data Security Problems
Identity theft can cause you all sorts of serious problems. If you feel you are a victim of it, it is important for you to protect yourself. Here are some of the most effective ways you can do this:Continue reading Protecting Yourself Against Identity Theft
Despite the numerous advances in security developments and creating awareness to curb cybercrime, hackers still come with ways to breakthrough. The ever-increasing identity theft crisis continues to terrorize people from all across the world. The worst part is that you might be a victim of identity theft unknowingly. The longer the thief remains unnoticed, the more funds they might accumulate using your identity without your knowledge. So, how do you tell that you are a victim of identity theft?Continue reading How To Check If You Are A Victim Of Identity Theft
Last year, an anti-fraud organization recorded a total 89,000 cases of identity theft in the UK over the first half of 2017. According to Cifas, the figure was a record high and represented a five percent increase in identity theft cases over the same period in the previous year. Cifas chief executive officer, Simon Dukes, said that the claims were increasing at an alarming rate over the years with a new high of about 500 stolen identities daily.