Identity Theft

Once identity thieves have your personal information, they can drain your bank account, run up charges on your credit cards, open new utility accounts or credit accounts—even get medical treatment on your health insurance. An identity thief can file a tax refund in your name and get your refund. In some extreme cases, a thief might even give your name to the police during an arrest.

How can you protect yourself from becoming a victim of identity theft? Keep these tips in mind:

• Secure your Social Security number (SSN). Don’t carry your Social Security card in your wallet. Only give out your SSN when necessary.
• Collect mail every day. Place a hold on your mail when you are away from home for several days.
• Pay attention to your billing cycles. If bills or financial statements are late, contact the sender.
• Review your credit card and bank account statements. Compare receipts with account statements. Watch for unauthorized transactions.
• Shred receipts, credit offers, account statements, and expired credit cards. This can prevent “dumpster divers” from getting your personal information.

The company offers an identity protection program through New York Life’s My Secure Advantage. Click here to learn more.