It doesn’t mean that we should refrain from using online banking, bill payment facilities or stop shopping online. The best thing to do is to educate ourselves on how to protect our financial information online and even offline.
Here are some safeguards to help people keep their financial data secured.
Shred financial documents
How do you keep your bank statements, bills and statement of accounts? If you just throw them away without shredding them, someone might use it and you become easy prey of identity theft. This is called dumpster diving. That’s why it is recommended to apply for paperless electronic statements.