Credit card and other personal data can be stolen in a variety of ways — lifted singly by nimble-fingered pickpockets, a few at a time by skimming devices or en masse by computer hackers.
Research from the insurance company Travelers into its 2014 identity theft claims data shows that the thieves employ the stolen cards and data in a variety of ways, too.
The most common? The thieves just take a stolen credit or debit card and use it. That happened in 36 percent of the cases reported to the company. Other common uses were to commit tax or employment fraud, or to use the data to obtain a new card. Opening a new bank account or line of credit was relatively rare, happening in just 3 percent of cases.
Travelers recommends these tips to ensure your identity is protected:
- Be wary of disclosing personal information, including on social media.
- Shred old bills and financial information.
- Keep your personal belongings in a safe place.
- Check your credit reports annually for free at AnnualCreditReport.com.
The 2014 data were drawn from customers who reported claims for their identity fraud insurance with Travelers. The company released its analysis of the data April 15.
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