Keep your personal information as secure as possible to avoid being a victim of identity theft.
Imagine waking up one morning to find that you are actually married to someone in a foreign country, and you are now hundreds of thousands in debt because you opened new accounts, took out loans from four banks, rented flashy cars and spent money like it was water. Sound like a night out gone wrong? More likely a case of identity theft - and it could happen to you.
Identity theft happens when someone literally steals your identity (and forges relevant documents like an ID book, driver’s licence, etc) and poses as you - doing all those risky financial things that you wouldn’t be caught dead doing; including opening a number of credit card accounts or transferring money out of your bond and spending it.
Stealing someone’s identity is actually easier than you would think. All the fraudsters need access to is your wallet or social media account. In there, they have all the details they need to start pretending to be you; your ID number, name, surname, address, and more, depending on what documentation or information you carry around with you or post to your accounts.
Avoid becoming a victim of identity theft
Even the most vigilant people can fall prey to this type of scam, but there are precautions you can take to stay as safe as possible.