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.
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 called them, never give this information out over the phone.
Common Scams
The specific phone scams are very common and, sadly, work all too well. 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
Financial Scams and How to Avoid Them
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.
