Communications · Internet · Security · Tips and Tricks

Identity Theft: How Fraudsters May Cheat You? Be Secure!!


Identity Theft Fraud
Identity Theft Fraud

Stealing the other’s identity to make unauthorized access to your financial and confidential information is known as Identity Theft. It is now becoming a common problem as they have used so many fraud ways to get the information of your personal details like date of birth to commit identity theft. Once they got your personal information they can do a large amount of different things with your information in which the most common type of crime is financial fraud in which they can include bank fraud, credit card fraud etc.

How Fraudsters Steal your Information

Identity Theft Ways
Identity Theft Ways

Fraudsters use too many ways to gain and access your personal and financial information.  They can steal your information using following popular methods.

  1. Phishing: Phishing is very common way to steal your information. Fraudsters send you an email pertaining that email is coming from your bank or insurance company. It is assumed that people generally check these kind of email and click on link shared and enter their personal information resulting sharing your personal information to fraudsters.
  2. Hacking: It is also mostly used way to steal your information. A hacker installs any harmful software into your system using your internet activity by keeping track of your IP address. Once they have installed a bug into your system, they can easily get your personal information.
  3. Credit Card Skimming: It is the way of cloning a credit card when it is accessed on ATM or other places where card holder use credit card to make a purchase. When a credit card is inserted or swiped into machine, it holds your card information and fraudsters access this information later to do unauthorized transactions.
  4. Vishing: Vishing is also called as voice phishing in which fraudsters calls an individual pertaining itself as authorized person from bank or financial institution or government agency. Sometimes they use robo-call or pre-recorded messages asking you to contact a certain phone number stating that you have won a prize or an emergency has occurred and you have to disclose your personal information.
  5. Smishing: Smishing is method, fraudsters send a text message to individual asking you to reply to message and share confidential data. The message has a sense of urgency and receiver generally replies to it.
  6. Man-in-the-Middle: This method involves the intercepting communication between two persons and records the data they shared over phone. This information is used to make unauthorized access.
  7. Shoulder Surfing: When you access your ATM card or any confidential data at public place, fraudsters get close enough to you and try to record the data you enter such as PIN or password. It may be carried using public placed cameras.
  8. Social Engineering: It is also known as Con-game or Con-Men. In it, fraudsters deceive someone else into divulging sensitive information. Social Engineer uses some information that lead the victim to believe and they share the information.
  9. Pharming: In it, hacker re-route individual from desired URL to fake or spoofed website by tempering host file or domain name system to steal someone’s personal information.

There are so many methods which are used by hackers or fraudsters to steal the individual’s data and then use that information to make unauthorized access.

How to be Secure from Fraudsters

Secure from Identity Theft
Secure from Identity Theft

As the fraudsters are misusing your information and harming you financially or personally, you need to start some good habits to protect yourself from these frauds.

  1. You should never response any fake or unsolicited call or emails.
  2. As the bank or financial institute inform you that they never call or message anyone asking any confidential or personal information, so you must be aware of this.
  3. You should keep the different password for different websites or accounts and should change them time to time.
  4. Rather using common or easy password or your name or date of birth, you should use strong password so that anyone can’t easily guess it.
  5. You should check your financial data time to time to monitor your financial activity being made to your account.
  6. You need to stay safe when you are accessing your accounts online.
  7. Never click on any link which asking you to enter your personal information.
  8. Always shred or destroy document which contains your personal information.
  9. Don’t open or download attachments from unknown sources.

So with these means, you can stay safe and save your financial or personal data from being unauthorized access.

Conclusion: As Society is facing the identity theft crisis and it’s our need to be connected to internet, we have opened ourselves to fraudsters to do illegal access to our information. They use our information to harm us financially or to do illegal activity. To keep you data safe and secure, you should be aware of public place frauds and keep yourself updated to be secure from hackers and fraudsters.

Posted By: Vijay Kumar Goyal

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