When it comes to identity theft, USA.gov has some tips on how to prevent it and what to do if it happens:
If you are a victim of identity (ID) theft, report it immediately. The Federal Trade Commission and your local police department are critical in filing the complaint. Once you file with both, you will have an identity theft report that you will need to help you resolve your problem with banks and creditors. It is also a good idea to report the theft to credit reporting agencies, financial institutions where you have accounts and the retailers or companies where the fraud occurred.
This leads us to identity theft software. This type of protection is designed to spot signs of potential theft, and if you get hacked, to repair the damage and restore your good name. Reviews.com actually tried 18 theft protection services, looking for the ones who add real value in the scope of their monitoring (regarding credit and personal info). The other big factor was whether or not these services used a power of attorney to help restore your identity for you.
Here are two that they found out to be the cream of the crop. For the full review, go to http://www.reviews.com/identity-theft-protection-services/.
Identity theft is something that should always be top of mind, as a hit to your credit score isn’t the only loss you face — it usually means a reduction in your wealth accumulation. Visit us at www.midwest-wealth.com for important ways to ensure you’re utilizing a sound risk management strategy.
About Midwest Wealth Management, Inc. Midwest Wealth Management, Inc. was formed by Greg Shields, a 30-year financial services veteran committed to offering sophisticated investors an alternative when looking for a more strategic path for long-term investing. As a private investment group, Midwest Wealth Management, Inc. offers a proprietary trading platform, alternative investment offerings and dedicated advisory support for a select audience. For more information, please visit www.midwest-wealth.com.
References: USA.gov. Identify Theft. https://www.usa.gov/identity-theft The Best Identity Theft Protection Services. Reviews.com. 29, June 2016. http://www.reviews.com/identity-theft-protection-services/http://www.reviews.com/identity-theft-protection-services/Reviews.com<
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