Identity theft is becoming a huge problem in today’s cyber-connected world. According to Javelin Strategy & Research, in 2006, nearly 9 million Americans were victimized by identity fraud.
Cybercriminals are always devising new ways to pry key personal data away from people who transact over the Internet and store financial and personal information on their PCs. So it is very important to always be on guard. Once your identity has been stolen, it can take a lot of time and money to prove your innocence and reclaim your good name and your good credit rating.
One way to nip the crime of identity theft in the bud, and thereby, limit the amount of damage and clean up, is to monitor your credit history regularly.
Under a new U.S. federal law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies (Experian®, TransUnion® and EquiFax®)*. If you only check your credit annually with free reports, you could be a victim and not know it until it’s too late. If you get your free report in January and your personal financial data is stolen in February, it could be almost a year before you get your next free report that would alert you to a problem.
McAfee recommends that concerned consumers should seriously consider enrolling into programs that monitor your credit daily, like Experian’s Triple AdvantageSM Credit Monitoring. Triple Advantage will send emails to alert you whenever there are any changes to key indicators in credit reports from all three major companies.
Learn more about Experian’s credit monitoring product here. They are currently offering a 30-day membership trial for Triple Advantage, and you’ll also receive a free credit report and score!