4 Simple Steps to Fight Identity Fraud

New AARP-sponsored report shows the most common ruses adopted by scammers

by Katherine Skiba, AARP, October 11, 2021

​Identity fraud is easy money for criminals, but there are four steps you can take to protect yourself and your money:​​

  1. Ignore requests for an urgent form of payment, such as using a gift card or making a wire transfer.
  2. ​Protect your passwords and log-in information.
  3. Do not communicate with strangers about confidential or sensitive financial matters.
  4. Verify everything you’re told to determine if a supposed problem truly requires your attention.

The helpful tips are in a new, AARP-sponsored report by Javelin Strategy & Research, which estimates that identity fraud led to $56 billion in losses in 2020.

The report says older consumers are not more vulnerable to every kind of fraud, but notes that the stakes are high for adults age 50-plus because losses tend to be steeper for people who have accumulated a lifetime of wealth.

The report also:

Click here for the rest of the story…


Visit other Shield Insurance Agency Blogs

4 Simple Steps to Fight Identity Fraud - Shield Insurance Blog