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The Suburbanite
Providing answers for every area of financial and legal life.
Are you protecting yourself Against Identity theft?
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About this blog
By Dee Siegferth
When it comes to financial and estate planning, Dee believes the entire process revolves around the person and their specific situation. She believes that it is important to develop the right investment, retirement, insurance, asset protection and ...
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When it comes to financial and estate planning, Dee believes the entire process revolves around the person and their specific situation. She believes that it is important to develop the right investment, retirement, insurance, asset protection and estate plan for each individual client.
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Have you ever been a victim of a Purse or Wallet Thief?  According to a study by  Travelers Insurance Company,  you are three times more likely to have your wallet or purse stolen than have data or online breaches.



When I ask if people or clients are concerned about these issues, the answer is a strong, “YES.”  If you haven’ personally lost your stuff; or you haven’t had the experience of a missing your wallet;  or  had it stolen, consider yourself fortunate



I personally have had my wallet stolen from my purse even though I thought it was safely hidden in an office drawer.  In my case, I was a victim of a purse stealing team. This team was so efficient that one member of the team was writing big checks using my Giant Eagle Card for ID.  The team hit 3 locations within 1 ½ hours beginning in 30 minutes of the theft. I was out of my office briefly and discovered my drawer open when I entered my room.    I called the police first, Credit Card and Bank 800 numbers immediately.   I would not want to go through this lengthy exasperating experience again.     Today, I have an identity theft protection program from Legal Shield for a small fee per month. It gives me some peace of mind, but I still need to keep reminding myself to practice Prevention Steps.



What are some things you can do right now to prevent losses and Identity Theft?    



(1) Remove risky items from where your wallet or purse.   Risky Items include  Social security information, blank checks, spare keys or other  ID cards, such as Medicare cards and drivers license.



(2)  Remove credit cards, bank cards or any other cards, which are identified by  security code or  the last 4 digits.   In my case, the Police Department suggested that I carry my important ID information  in something other than wallets or purses.  He suggested I use a feminine make up bag or something that does not usually contain personal information.



 (3) Make a copy of everything that you carry with you on a daily basis. If you do have your wallet go missing, you will have the information to call your credit card companies, banks, credit bureaus, DMV and insurance companies.



(4) Don’t forget to protect your library, gas and shopping cards, such as grocery, discount, or  drug stores.



Steve Mencher posted an article in AARP magazine about a smart phone app that you can attach to your keys, laptop or anything that could vanish and track it down to never lose your stuff. The attached  tag will send a signal with a range up to 150 feet.  If you move out of range, you will be able to just mark your item lost on the app.  Another phone that has the app will detect your belonging and ping you with the location.  You may want to check out some other trackers :  “Stick-n-find ($49.99 for two), Tile and $55 for four, and Button Track R ($95 for 10).



Lastly, I wouldn’t be without my Identify Theft Program from Legal Shield for $13 a month. When my identity is  stolen or hacked, the program will repair the damage and help with  credit repair, etc. Fifth Third Bank offers their customers Identity alerts for daily credit/debit  and Social Security monitoring as well and Identity Theft Insurance and Fraud Assistance. I have talked with others who feel very secure with the security protection program, Life Lock as well.



Protecting Your Identity and Stuff can help you avoid a frustrating experience that can help you feel invaded  as well as lose your personal identity and possibly affect your financial situation.



Stay safe,



Dee



Securities offered through Wall Street Strategies, Inc. 362 N. Main Street Huron, OH 44839 (419) 433-5291 Member FINRA & SIPC

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