While no one can be completely protected from identity theft, there are things you can do to protect yourself against this particular approach. Read below to learn the variety of things you can do to safeguard your PII in your home and minimize your exposure:
- Minimize your exposure.Don’t authenticate yourself to anyone unless you are in control of the interaction, don’t overshare on social media, be a good steward of your passwords, safeguard any documents that can be used to hijack your identity, and consider freezing your credit.
- Monitor your accounts.Check your credit report regularly, keep track of your credit score, and review major accounts daily if possible. If you prefer a more laidback approach, sign up for free transaction alerts from financial services institutions and credit card companies or purchase a sophisticated credit- and identity-monitoring program.
- Manage the damage. Make sure you quickly get on top of any incursion into your identity and enroll in a program where professionals help you navigate and resolve identity compromises—oftentimes available for free, or at minimal cost, through insurance companies, financial services institutions, and HR departments.
- Miniaturize your data. Not only is a mountain of paperwork hard to store, it is also increasingly unnecessary. Get into the habit of scanning or even photographing your documents and then shredding the hard copies. Create two or three copies of the digital files—and make sure one of them is stored somewhere other than your house, since fires and other cataclysmic events do happen.
- Use encrypted external storage.Whether you choose a thumb drive, a cloud server, or an external hard drive, store your PII digitally in an encrypted form. And it’s always better to choose a device that offers rich security features, like biometrics or two-factor authentication.
- Invest in a safe.Once the exclusive equipment of rich folks, safes are now very affordable. They are a great place to store all that miniaturized data. Get one that is fireproof and has a biometric element (like a fingerprint scan) to further protect your information.
- Employ two-factor data management. Store your data in more than one place. An encrypted drive can be left with the most untrustworthy relative. Just make sure that you have a backup somewhere. If you have a safety deposit box, that’s probably the best bet.