3 Ways To Prevent Identity Thieves

Doing any shopping this season? Crime goes up in a down economy, and credit and debit card users are often the victims.

Identity theft is on the rise. Last year 9.9 million consumers had their data stolen, a 22% jump from 2007! Here are a few ways to better protect your wallet:

Shop the big names. With more than 70 retailers and payment processors since 2006 reporting breached customer data, it’s no surprise consumers look for certified safety seals such as VeriSign and Trust Guard on retail Web sites. But researchers say not all certification programs can ensure that retailers will follow security or privacy guidelines.

Stick with big, national companies such as Amazon.com, which have stronger security because “they have the most to lose”.
Find some privacy. “Shoulder-surfing” attacks have occurred at ATMs and computers. Cell phone owners may be even more vulnerable to nosy neighbors, because they tend to type more slowly on their handhelds and use them everywhere!

Use the right card. If bogus charges were made on your credit card, you’re not liable for them while they’re being investigated. But banks can take up to two weeks before restoring debit card funds to your account. Plus victims could be liable for up to $500 in losses if they wait more than three days to report a problem or far more if they wait longer.