How To Check If You Are A Victim Of 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?

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UK Identity Theft Crisis

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.

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Be Careful Who You Choose as Your Shredding Company

According to documentation from the courts, instead of destroying records from a bank, they were shared with thieves. This occurred at a document shredding company in Forth Worth by one of the male employees. The list of potential victims numbers in the thousands, and according to a source in law enforcement, the total damage may reach millions of dollars. 

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Three Primary Considerations for Law Firm Document Destruction

The rules of professional responsibility governing attorneys typically do not set forth well-defined guidelines pertaining to document retention and document destruction.  As a result, there is leeway in regard to how and when a law firm disposes of documents, provided specific obligations under the rules of professional responsibility are otherwise satisfied.

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Understanding the Importance of a Litigation Hold

Employers are expected to retain information that may be linked to an ongoing or upcoming litigation. Ignoring this duty could lead to major legal problems down the road that no employer wants to face as it may lead to financial ruin. This is the reason why a business that has received a lawsuit notice, administrative charge, or has been informed of an investigation needs to start the process of a litigation hold. The following will help answer some of the questions you might have about this kind of hold.

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The Tax Bill Leaves Environment Open To Fraud And Identity Theft

Due to the IRS budget cuts, the confusion regarding the new tax law, and the vast amount of data compromised, the filing season for 2017 may be rampant with tax-related crimes. There were 787,000 identity theft returns confirmed and stopped by the IRS last year. The total exceeded $4 billion. The IRS projected a $21 billion loss in 2016 for fraud.

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How to Protect Yourself From Identity Theft

Contrary to popular belief, identity theft does not only affect your finances. In fact, it can affect anyone and apart from your bank account, it can target your children and medical information. Secured Document Shredding, LLC will address the different ways a person can steal your identity and how you can protect yourself and your loved ones.

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How IRS Is Helping Curb Identity Theft

The Internal Revenue Service (IRS) in conjunction with the State Tax Authority has waged a fight against identity theft through tax systems. During their previous summit, reports of notable progress on the initiative were tabled, while new procedures were laid out for the next phase.

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How to Keep Identity Theft at Bay

Identity theft is a massive problem that has affected seemingly countless individuals all over the United States and planet. It can lead to all sorts of headaches and inconveniences, too. Few things can be more frustrating than dealing with the effects of stolen credit cards. Identity theft can even do a number on your credit score. If you want to safeguard yourself from all of the negative effects identity theft can introduce to your life, then a few preventative measures can go a long way, to put it mildly.

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Shred personal documents to prevent identity theft

Identify theft is a serious problem that has victimized more than 13 million people in the United States. One of the most effective ways to stop this type of felony crime is to shred important documents containing personal information.

Once a thief compromises your identity, it can take months and even years to restore things back to normal. Identity thieves may be able to purchase items or acquire loans in your name. While it may seem a rather simple procedure to prove your identity, this is not always the case.

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