While advancements in technology can prove to be exciting and downright cool, sometimes they come with a caveat: an increased need for security. As the internet becomes increasingly easier to access for people all over the world, it also becomes easier for scammers and identity thieves to steal sensitive personal data.
It’s important to take the right prevention measures to make sure you don’t become a victim of identity theft. Here are five types of investments everyone should make:
- Credit Monitoring
Credit monitoring can be useful for checking to make sure there’s no unusual activity happening on your credit report. You can be alerted whenever a new credit account is opened or there’s a new inquiry on your credit report so you can be aware of identity theft before it gets too out of control and causes irreparable damage. Find a credit monitoring tool or service that you can afford and make sure to keep checking your reports routinely for anything that doesn’t look familiar.
- Internet Security
Internet security is an absolute necessity if you’re going to be doing anything online requiring your personal or financial information, including checking your email, viewing online bank statements, shopping online, or conducting business. Find an internet security software program – an antivirus program – that suits your needs. Think about the kinds of features you might want, such as anti-spam, parental control, backup, and firewall protection.
- Identity Theft Protection
In the digital age, identity theft protection is almost as essential as food and water. If you’re doing any kind of shopping online or using an internet connection, you’re vulnerable to identity theft. It’s much more expensive to recover from identity theft than it is to use the right identity theft prevention measures from the start. LifeLock is currently offering a new member LifeLock discount for the first year of service. Their identity theft protection plans offer:
- Credit Report Monitoring
- Lost Wallet Protection
- SSN & Credit Alert
- Dark Web Monitoring
- 24/7 Live Member Support
- Breach Notifications
- Fake Identity Monitoring
- Online Annual Credit Reports & Scores
- Bank Account Activity Alerts
- Bank Account Application Alerts
- Investment Account Activity Alerts
If you don’t already have it, get insurance to protect yourself. You’ll be able to recover much more quickly than if you don’t have insurance. Check with your existing insurance company if you have auto or homeowner’s insurance to see if they have any kind of protection services you can add to your current policy.
- A Shredder
Oftentimes, thieves use snail mail to gain access to your personal information. They could potentially use it to open a credit card in your name or another type of revolving credit account. That’s why investing in a shredder is smart. Shredding every piece of mail with your personal or account information on it can help you avoid an identity theft headache down the line. Always shred bank statements, credit card statements, investment account statements, and other account statements you might have.
Get Peace of Mind
Making these investments can only help you in the long run, saving you hundreds or thousands of dollars and the headache of having to cancel credit cards and replace bank cards, or change passwords and reset accounts. These are worthwhile investments to protect you and your family from thieves and prevent a financial crisis from destroying your lives. Be proactive and take steps toward fully protecting yourself with credit report monitoring, safe internet practices, identity theft protection, insurance and a sturdy paper shredder. Give yourself the peace of mind you deserve.