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 ShredderCategory Archives: Identity Theft
How the IRS Is Fighting Identity Theft
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 TheftWhat Identity Theft Services Actually Do
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.
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.
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.