Identity Theft Monitoring

by : Bernard Pragides

Identity theft monitoring is a mechanism that helps us effectively prevent incidences of identity theft . And identity theft monitoring prevents internet fraud and also helps you protect your personal information.

Most often, identity theft occurs whenever the user's personal information is compromised. In fact identity theft usually involves using the victim's personal information to commit frauds.

There are some guidelines that can help us prevent identity thefts; these guidelines are useful to minimize the potential damage that can occur from identity theft:

1) Blocking disclosed credit card numbers is a part of identity theft monitoring process.
2) Monitoring credit reports is necessary to monitor identity theft.
3) Contacting government agencies is another way to prevent identity theft; this will also prevent the assailant to use licenses or credit cards.

There are many symptoms of identity theft such as:

a) Getting late or missing bills
b) Sometimes receiving an unknown credit card bill is another symptom of identity theft.
c) Other symptoms of identity theft include being contacted by unknown debt collectors or receiving bills for purchases that you have not made.

There are some steps that are necessary to minimize and prevent identity theft, these preventive measurement are known as identity theft monitoring mechanisms.

Identity Theft Monitoring Mechanisms

Identity theft monitoring includes a mechanism that will ensure that identity theft will never occur in future. There are many measures that help to prevent identity theft such as securing Social Security number (SSN), credit card numbers or other personal information. These preventive measures will help to tackle fraud or other identity theft crimes.
Identity theft monitoring includes the thorough verification of your personal accounts, which also cover all your credit card accounts. If identity theft occurs then it is necessary to close the credit account immediately. Consulting with financial institutions and banks is one of the best way to prevent identity theft. Changing passwords of credit cards and ATM cards frequently is another way to prevent identity theft. Avoiding parents names, date of birth and last digit of social security number in passwords to aid the process of identity theft monitoring.

Identity thefy can be even be done by using anybody's social security number which is generally a four-digit number. If this happens, then it is necessary to inform one of the three nation wide consumer reporting companies. Placing initial fraud alert is part of Identity theft monitoring process, this will restrict the fraudster from opening a credit account by using a duplicate name. This alert will stays on credit card report for 90 days.

Monitoring suspicious activities are also part of Identity theft monitoring process. This process includes checking accounts that have never been accessed previously, debits on such accounts that cannot be explained and inquiries from unknown companies. Sometimes checking name, surname, and social security number and employers name is also important to monitor identity theft.

Putting a flag on file can be a part of Identity theft monitoring mechanism, which will prevent anyone else from getting duplicate license or other authorized documents. Carefully reading and monitoring credit card reports and financial statements is also part of Identity theft monitoring system. This is useful to prevent and tackle identity theft. Many financial companies and insurance companies are offering identity theft insurance, which cover every aspect of identity theft.