Identity Theft

Having someone hack into your social media account or make unauthorized charges using your credit card information is upsetting. Identity theft involves these issues and more because it means someone else is doing things in your name and with your data. This means they can apply for credit cards, claim your benefits and tax refunds, and post as you on social media. 

This is a real-life horror scenario that happens to 13 million people in the U.S. each year and is responsible for annual losses of $17 billion. Although not all of these cases involve a cybercriminal taking over all accounts, even one takeover can cause significant damage. People can obtain data through hacking, forex scams, and even retrieving bank statements from the trash. 

People who fall victim to identity theft often feel helpless. It is important to report the crime immediately and get law enforcement involved. To help track down the culprit and for fund recovery services, Trader Defense Advisory is the right service to use.

In this risky environment, you need to stay safe. Trader Defense Advisory experts will help you recover from identity theft. Contact TDA experts who are experienced in dealing with all types of scams and identity theft and can help you reclaim your life.

What Methods Do Identity Thieves Use?

There are many methods at the disposal of cyber thieves, from the most sophisticated hacking techniques, advanced spying tools to low-tech methods such as cold calling to phish for information directly from victims. The following is a partial list of the most common methods these criminals use for identity theft. 

  • Spyware
  • Malware
  • Retrieving information manually
  • Hacking Personal Devices
  • Hacking Bank and eCommerce Sites
  • Keystroke Logging
  • Phishing
  • Data collected from other scams

Spyware and malware and keystroke surfing tools can be installed on your computer by giving the target a bad link. All the user needs to do is to click on the link and spyware or malware installation is activated. The method could be a forex trading scam link you receive through email or social media messaging advertisement. Clicking on it gives another party access to your computer. 

Through spyware, the cybercriminal can spy on your online activity, from checking your bank account balance to making transactions on Amazon. They can collect credit card information and use keystroke logging to figure out your passwords. 

Once malware or spyware is on your device it can be hard to remove it. Many people don’t even realize they are being spied on through spyware until the perpetrators receive loads of data that can help them log into victims’ accounts. 

Hacking is another high-tech threat. Not only do you have to worry about your devices getting hacked into, but any eCommerce or banking sites that may have your information. In 2014, hackers gained access to the credit card numbers of 110 million consumers by attacking Target and Home Depot sites. 

This incident exposed weaknesses in major eCommerce websites and there has been some improvement, but do not assume your data is safe. Ensure that any eCommerce or banking site that has your data is a secure website that uses encryption. 

Many cybercriminals are multi-faceted. They may run forex trading scams and use the sensitive information acquired from clients to not only rob them of the funds they initially intended to use for trading but to steal their identity. 

Not all identity thieves use high-tech methods all of the time. People are so worried about exposing their data online that they forget what a risk neglected mail or discarded financial statements can pose. 

Some criminals are not above going through the garbage to retrieve these statements and can even gain access to codes and social security numbers this way. Also, be careful when you use ATMs. That person standing behind you could be watching your keystrokes carefully and may memorize your password. 

It is astounding how much data is given to criminals by the victims themselves. They may receive an email, a message, or even a phone call asking them to verify their data. They could also be tempted by a financial opportunity which is a forex trading scam and give over photo ID as well as their social security number when promised that they will make a lot of money.

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How to Stay Safe from Identity Theft

There is no guarantee that you will never be the target of identity theft, but taking these steps will reduce the risk:

  • Never give your personal information by message, email, or phone
  • Do business only with a secured website
  • To avoid forex trading scams, work only with a regulated broker
  • Shred all documents with sensitive data before throwing them away
  • Use the latest version of Anti-virus software
  • Use a website with a 2-step verification
  • Never click on a link provided by an email or message unless you are certain you know who it is from (even then beware–they might have been hacked)

How Do You Know You Have Been A Target of Identity Theft

Sometimes people know right away if they have been the target of identity theft. In other cases, you may lose a lot of money or your credit may be compromised before the theft is discovered. The following are some common signs: 

  • You can’t log in to your accounts (because the hacker may have changed the password)
  • You receive messages to pay for things you didn’t buy or informing you that you owe money for loans you didn’t apply for
  • You try to collect benefits only to discover they have already been claimed
  • You are directed to websites you have not visited before. 

If you are the target of identity theft, report the issue to the authorities right away. Also, work with Trader Defense Advisory. We will provide guidance and resources to help you recover from identity theft.

Are You the Target of Identity Theft? Talk to TDA Experts Today

If you have been the target of identity theft, talk to Trader Defense Advisory. Our team of experts has vast combined experience dealing with forex trading scams and identity theft. Consult with us and we will create a claim and help you get started on the path to fund recovery.