Identity Theft Explained

Identity theft is when someone steals your personal information, like your Social Security number, bank details, or Medicare number, to commit crimes in your name. They might open credit cards, take loans, or even get medical care using your identity, leaving you with bills or damaged credit.

For example, a scammer might use your stolen info to buy a car, and you get notices about missed payments. Seniors are targeted because they often have good credit or savings that criminals want to exploit.

Tips to Identify Identity Theft

Check Your Statements: Review bank, credit card, and Medicare statements for charges or claims you don’t recognize.

Monitor Your Credit: Use annualcreditreport.com to check for accounts or loans you didn’t open. Do this yearly or after a data breach.

Be Alert for Bills: If you get bills for services (e.g., medical or utilities) you didn’t use, it could be identity theft.

Protect Your Info: Don’t share Social Security or bank details unless you’re sure it’s safe. Shred documents with personal info.

Use Strong Passwords: Make passwords long and unique for each account. A password manager can help; ask a family member to set one up.

Freeze Your Credit: If you suspect theft, contact Equifax, Experian, and TransUnion to freeze your credit, stopping scammers from opening accounts.