Fraud and identity theft continue to increase. What can you do to protect yourself?
Safeguard your personal information. Keep it secure. Do not give your Social Security number, credit card number, bank account information, or other sensitive information to anyone who does not truly need it. This information can be used to impersonate you.
Be aware of scams. Often, criminals obtain information simply by asking for it. Be cautious of emails, text messages, and phone calls requesting account information or passwords. If something seems suspicious, contact the company directly using the phone number listed on their official website.
Update your passwords frequently. Use strong passwords that include a mix of letters, numbers, and special characters. Longer passwords are generally more secure. Avoid using names, birthdays, or common words. Consider using password management software to help generate and store secure passwords.
Use two-factor authentication whenever possible. Two-factor authentication adds an additional layer of security by requiring both your password and a secondary verification method, such as a text message code, authentication app, or biometric verification.
Protect your home wireless network by setting a strong password and enabling encryption. Consider creating a guest Wi-Fi network instead of sharing your primary password with visitors.
Back up critical information to an external hard drive or secure cloud account. In the event of a cyberattack, identity theft issue, or disaster, having backups can help protect important financial and personal records.
TAX RELATED IDENTITY THEFT GUIDE
Offering essential tips on how to protect your sensitive information and prevent identity theft.
Rejected Tax Return Due to Duplicate Filing
If your tax return has been rejected because a fraudulent return was already filed using your Social Security number, or if you believe you may be a victim of identity theft, there are important steps you should take immediately. Taking action early can help protect you from additional issues, even if you only suspect your information has been compromised.
Contact the three major credit reporting agencies to place a fraud alert on your credit reports:
Equifax — Equifax.com — 800-766-0008
Experian — Experian.com — 888-397-3742
TransUnion — TransUnion.com — 800-680-7289
Also consider taking the following steps:
• File a complaint with the Federal Trade Commission at IdentityTheft.gov
• Review your free credit reports at AnnualCreditReport.com for suspicious activity
• Contact creditors immediately if you discover fraudulent accounts or activity
• Consider enrolling in an identity monitoring or identity theft protection service
Compromised personal information can affect far more than your tax return. Identity theft may lead to delayed tax refunds, damaged credit scores, collection attempts for accounts you never opened, denial of credit, liens, judgments, and other long-term financial complications.
Establishing safeguards and monitoring your information regularly can help reduce the risk of future problems.
If you have questions or need assistance with any of these situations, feel free to schedule a consultation with us so we can help determine the best course of action.
Protect yourself and your family by staying informed and proactive.
