- What is identity theft?
- Types of identity theft
- How thieves get your personal information
- Keep important numbers safe
- Keeping prying eyes out
- Keep online transactions safe
- Identity theft warning signs
- What is a fraud alert?
- What is security freeze?
- Resources for more information
Identity theft is when someone obtains personally identifying information from another individual without permission, then uses that information to assume that person's identity. Perpetrators of identity theft may use the information they steal to take control of bank accounts, open new credit cards, commit crimes, perpetrate fraud, carry out transactions, and make purchases in the victim's name.
Identity theft is a serious threat. It can compromise your name, Social Security number, bank and credit card account numbers, medical record and health insurance information, and other personally identifying data. It is also on the rise.
According to a 2019 report from Javelin Strategy and Research, 14.4 million people,that's about 1 in 15 people, in the U.S. became victims of identity fraud. Data breaches were the main source of fraud that year, with one in three people who received notifications of a data breach discovering their identities were being used fraudulently. Someone in America becomes a victim of identity fraud every two seconds.
Identity theft has deep financial repercussions that can affect a person's credit, financial security, taxes, insurance, and overall financial health for years to come. Your best protection is to educate yourself about identity fraud and be on the alert for signs someone has accessed your personal information so you can take prompt action.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Franklin Mint Federal Credit Union and Mint Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mint Wealth Advisors, and may also be employees of Franklin Mint Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Franklin Mint Federal Credit Union or Mint Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
|Not NCUA Insuredor Any Other Government Agency||No Credit Union Guarantee||Not Credit Union Deposits||May Lose Value|
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: NJ, PA, NY, DE, AZ, MI, FL, MD, TX, VA, GA, NC.
Financial Learning Center content created by TrueBridge, Inc. The information provided is based upon sources and data believed to be accurate and reliable. The content contained herein is intended for information and illustrative purposes only, should not in any way be construed as a personal recommendation, and should be used in conjunction with individual professional advice.