New type of protection plans have been introduced in the insurance. Identity theft insurance is one among them. This is focused mainly on recovery of an individual, financially when their identity is lost or stolen by somebody. Many services such as credit monitoring gives credit history of a person and also alerts about sudden change in the credit history and it also gives you tips on improving your credit score. Start reporting on your financial damages because this is one of the major step in the recovery process.
Be Aware of Fraud
As soon as your purse is stolen, immediately call the agency. After all is said and done about the stores, banks and many other business, download and fill the form for recovery. Change the passwords as soon as possible before the thief uses it. Different accounts should have different password.
When the fraud alert is filed only one free copy of credit report is issued from each agency. All types of activities that has been filed under your name will be outlined by the credit reports for example anything related to crime or finance or medical issues. Information contained in the theft report will help you to investigate the fraud.
One can prevent identity theft by many ways. You can freeze your credit report for security reasons by putting a password before any business can check your credit report.
Keep a photocopy of everything which is necessary because if your purse is stolen you will know whom to call. Carry birth certificate, security card, credit cards and passport in your purse only when it is required. Don not carry unnecessarily. Avoid clicking any of the links which is referring to finance. There may be fraud and your personal information may be hacked. So be safe with your personal information.