Tag Archives: Credit Cards

Synthetic Identity Theft: “Fake” Identity Theft has “Unreal” Consequences

You know the difference between synthetic turf and real grass, so what’s the difference between identity theft and synthetic identity theft?

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Grieving Families Suffer Further as Identity Thieves Target the Recently Deceased

There is much to deal with after the passing of a family member, the last thing you think you would have to do is deal with credit applications. But that is just what this family had to do, as their deceased family member’s identity was stolen and used to apply for AMEX and BestBuy among other credit cards.

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Cash, Check, Money Order & PayPal No More on Ebay

Just in time for the holiday shopping season, eBay, one of the world’s largest internet stores, makes changes to their payment policies. What are these changes and what do they mean to you and how you shop? Will they make you safer or are they simply a method for eBay to make more money. You decide and share your thoughts!

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Paper Shredders Will NOT Protect Your Identity

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?
Okay.
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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