What Seniors Should Know About Identity Theft
Did you know that seniors are prime targets for identity thieves? It’s reasonable to believe that seniors who avoid using credit cards or the Internet would be the least likely victims of identity theft. Surprisingly, that couldn’t be further from the truth. In fact, seniors may be at a greater risk for a number of reasons, including the following:
• Personally identifying information may be exposed to more people such as extended care givers, nursing homes and doctor’s offices.
• Many states display social security numbers on Medicare cards.
• Seniors may often have more to steal than people of other demographics.
• Seniors who operate on a cash basis may be less likely to check credit card statements.
• Seniors that do not frequently use the Internet may be unaware of phishing scams.
According to the Federal Trade Commissions, some identity theft victims can resolve their problems quickly but others may spend hundreds of dollars and many days repairing damage to their good name and credit record. In response, seniors should be extra vigilant about protecting their personal information from identity thieves. Seniors or adult children can help their aging parents avoid this serious crime by taking the following steps:
• Establish direct deposit with the Social Security Administration and any retirement accounts such as pensions and IRAs.
• Use a cross-cut or diamond-cut shredder to dispose of all personal and financial records that are no longer needed.
• Do not place outgoing mail in a home mailbox. Mail bills and other paperwork from a secure mailbox or at the post office.
• Check credit card statements for inaccuracies or unauthorized use.
• Avoid carrying a checkbook. Only carry the checks needed for a specific use on any day.
• Never carry your social security card with you.
• Never give personal information such as a social security number over the phone unless you initiated the call or know the caller.
For more information identity theft, Springboard’s eBook, ID Theft: Protecting and Restoring Your Good Name, is available for free download.
Photo: lab2112
