This begins a two part series on what is mortgage fraud; how it occurs and what can be done about it: such as how to protect yourself and what to do if you are a victim of identity theft and mortgage fraud.
I just read (skimmed) this article from the head of a company called MyBinding. While he offers some useful advice in his article, he implies that purchasing a paper shredder will protect you from Identity Theft.
Is it time to beat this dead horse again?
Here’s the deal.
Identity Theft is so easily committed because all of our information is so easily accessible, and also so easy to falsify. (The real issue is that our social security numbers are so valuable, and until we get that changed, Identity Theft will continue to be a problem.)
It’s not that shredding your stuff isn’t a good idea, but to suggest that having a paper shredder will somehow protect you is not only misleading, it’s just wrong.
(Aside: I’m not talking about corporations here. Corporations which have any personal information on customers or employees, and don’t have some sort of shredding plan in place, are just asking for trouble. It’s a lot of information collected in one place, which identity thieves thrive on. Why steal one identity and use it once when you can steal 10,000 identities and resell them over and over again? So companies, whether you’re small, medium, or large, you must put together a plan that encompasses not only shredding, but information security as well.)
On a personal level, however, the only studies I’ve ever seen that suggest that (personal, at-home) shredding reduces Identity Theft, were ultimately financed by people who own or are tied to companies that sell personal paper shredders.
Conflict of interest much?
So, shred if you want. It’s a good idea.
But realistically, it’s not going to reduce your chances of becoming a victim of Identity Theft very much, if at all.
Anyone who tells you otherwise is probably trying to sell you a paper shredder.
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Every internet user should protect themself from identity theft utilizing an antivirus software program, but with so many to choose from, how does a consumer know which product to buy? With this product review, consumers can gain knowledge about a new version of PC Security Shield, 2008 and all the features it provides including standard antivirus and spyware protection as well as not so standard features.
Read more for information on PC Security Shield, it’s anti-virus software system, features, special products and services, cost, and how to purchase and use PC Security Shield 2008.
In his book, Permission Marketing, Seth Godin, former vice president of direct marketing at Yahoo, talks about how large companies exchange your information. I thought this quote would be relevant for readers of identity theft secrets.
From Permission Marketing (1999) Page 131 and 132 “In traditional marketing, it is totally okay to rent or sell or transfer data. It gets done, secretly, every single day. In fact, it’s a multibillion dollar industry. It’s scary, but it’s true: you can rent the name and address of every one in New York City who has a permit to carry a gun. Then you can filter this data further to produce a list of those women who have a child in private school. Or who live in the building with a high likelihood of tenants who stay in first-class hotels when they travel. Want a list of dental floss users? Not a problem. You can even buy them by brand!”
|TrustedID Promo Code: Save $45 on TrustedID’s service
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TrustedID is a credit monitoring service that does online and TV/Radio promotions around their guarantee to provide one million dollars of identity theft insurance, the ability to limit who sees your credit report, review who has seen your credit report (i.e. is it being reviewed by people you trust), and it also gives you free search engine searches, to determine if your social security number has been compromised. If you would like to have these protections, you may want to take a look at TrustedID, which markets themselves as a different kind of consumer credit protection service.
TrustedID is one of many credit monitoring, identity theft protection companies available to consumers that is available independently and not through one of the three major credit reporting agencies of TransUnion, Experian, or Equifax. It is located in Redwood City, CA and you may visit their website or call 1.888.548.7878 for additional information regarding their company.
TrustedID’s credit monitoring service has been featured in such publications as Time, The New York Times, The Wall Street Journal, and Newsweek. Its services have also been featured online at CNNMoney.com and CNBC. It is recognized by the Identity Theft Resource Center.
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Equifax Inc. is most often recognized as being one of the top three consumer credit reporting agencies, including Experian and TransUnion.
Equifax was founded in 1899 as Retail Credit Company and is the oldest of the three agencies. By 1920 it had offices in the United States and Canada and by the 1960’s protected millions of credit histories. It has now been in business for 107 years providing consumer and business services. In 1975 it changed its name to Equifax. It is traded on the New York Stock Exchange as EFX, and is a Standard and Poor’s (S&P) 500 company. Although its corporate headquarters is Atlanta, Georgia, it employs 4,600 people worldwide in 13 countries and reports $1.4 billion in revenue.
During the 1960’s and 1970’s, Equifax came under criticism for the extensive nature of information that it was obtaining about consumers. This included information about an individual and other private parts of a person’s life like marital status, employment, sex life and political affiliation. Much of the criticism was due to not only the extensive nature of the information, but the methods by which it was obtained, and their willingness to “sell” the information.
What is Identity Theft Insurance? What does it cover? How can I get it? Do I need it? And how much does it cost?
Your questions regarding identity theft insurance are answered in this post.
Identity theft is a serious crime– not only to you and your family, but to your finances, your emotional well being and your future. Find out just how far-reaching the damages are to individuals and businesses.
|Save 10% on any Bitdefender products
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Another European program making inroads into the North American market, BitDefender is headquartered in Bucharest, Romania and is ranked as one of the top 100 private companies in Europe. Its antivirus and computer security programs are currently installed on more than 41 million computers in over 200 countries around the world.
Credit monitoring can be one of the easiest, most efficient and cost effective manners for preventing and detecing mistakes on your credit report.
Read more to learn to learn how easy it is to monitor your credit and how monitoring my credit enabled me to quickly detect credit blemishes and unauthorized use of my credit information– as well as how the monitoring system helped me to make corrections to my credit report.