Understanding Identity Theft

Identity theft occurs when someone steals and uses your personal information without your consent to commit fraudulent activities.

When identity theft occurs, thieves may use your identity to apply for credit, file taxes, obtain medical services, or even impersonate you in case of an arrest. These actions can cause severe damage to your credit score and reputation, and it may take a considerable amount of time and money to restore them.

Identity theft is a serious issue that can happen to anyone. There are various ways in which scammers can steal your personal information. They may steal your wallet, purse, or electronic devices to get hold of your IDs, credit or debit cards.

Scammers can also gain access to your personal information through data breaches, by looking through your social media accounts, or by using phishing scams to get your personal information. They may also install card readers (skimmers) at ATM machines, cash registers, or fuel pumps to collect card numbers and PINs. Another way scammers can steal your personal information is by diverting mail from its intended recipient by submitting a change of address form.

They may also rummage through your trash for credit union statements or other personal data. It is essential to be aware of various types of fraud and scams and take steps to protect yourself.

To learn more about identity theft and how you can safeguard yourself, visit www.mycreditunion.gov.