Don’t Let Identity Theft Affect Your Retirement

Don’t Let Identity Theft Affect Your Retirement

Most people think about identity theft as having a negative impact on their credit score and purchasing ability. That’s certainly true, but it can also adversely affect your retirement. If someone gets your social security number, Medicare account number, or credit card information, they may be able to collect the benefits that are rightfully yours.

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Protecting Your Information

Keeping your information private is critical. Only share Medicare information with healthcare providers and trusted caretakers. Also, keep your Social Security card in a safe place, not your wallet or purse. Finally, be on the lookout for scams. Many people looking to steal your identity will call and claim to be a representative from your doctor’s office, the IRS, etc. Unless you initiated the call, never disclose this information over the phone.

Although identity theft crimes are common, there are ways to protect yourself, like with these high effective tips – 13 Ways to Protect Yourself from Identity Theft

Older Man in Green Jacket Holding Phone

Common Scams

These specific phone scams are extremely common and, unfortunately, highly effective. If you’re approached with any of these, say no and walk away or hang up the phone.

  • Someone asks for your Medicare or SSN for “record-keeping” or other “free” services
  • Someone offers a “free” consultation only for people on Medicare
  • Someone claims to be a representative of the government
  • Someone pressures you into buying services or tests for your health

There has been a rise in financial scams driven largely by the rapid advancements in technology- Financial Scams and How to Avoid Them

online fraud and online scams

Other Threats

The above is a sample of threats you can see. Unfortunately, there are also many threats you can’t see. But don’t worry; you can protect yourself from those, too!

Consumers can protect themselves from identity theft by using software such as Malwarebytes.

Malwarebytes Premium is a top-tier antivirus solution that excels at detecting and removing malware, including ransomware, spyware, and adware. Known for its user-friendly interface and fast scanning, it offers real-time protection to keep your devices safe from the latest threats. Unlike some competitors, Malwarebytes is designed to work alongside other antivirus software without causing conflicts. It’s a great choice for anyone looking for robust, easy-to-use security that doesn’t slow down your system. The only downside is that its protection against phishing could be stronger, but overall, it’s a reliable

Additionally, consumers need to practice good online hygiene, such as using strong and unique passwords, avoiding public Wi-Fi, and being cautious when clicking on links or downloading attachments. By combining the protection provided by Malwarebytes with good online habits, you can significantly reduce the risk of identity theft.

It’s easy to think identity theft won’t happen to you. We’re sharing simple habits to protect your family’s digital life—no technology expertise required – Cybersecurity for Families – Protecting Your Digital Life

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