In: Economics
Identity theft and data breaches seem to be ever-increasing in scope, severity, and frequency. As it is almost impossible to live in this world without sharing your private information with many other people, what steps can you take to minimize the risk of ID theft, and what can you do after the fact to minimize the damage?
Social media, such as YouTube, Facebook and Twitter, are changing how people build share information, relationships, and make the decisions in everyday lives. Privacy is a main concern among social networks. Many social networks can track your personal information and hand over it to the government, decrypt and read personal messages, and also have the tactics to keep confidential data even it is deleted from the account. Several cases of public violence and religious tensions are falsely spread through it. To avoid ID theft, create strong password, use two-factor authentication, avoid clicking on links on which they have doubt of virus, implement biometric options, don't share person information with anyone, avoid carrying social security card, destroy old credit cards, monitor your financial transactions regularly, use only secure and trusted websites to shop online, and don't respond to unsolicited requests. These steps can be very helpful in providing protection of ID theft and minimize the damage.