In recent news, 5 men from New Jersey and neighbouring States made the headlines in an identity theft scandal. The case involved one of Atlantic City’s top casino, the Borgata. Indeed, according to police reports. William Newhart and his partners in crime are now facing legal action after opening a credit card under a false name. And using the card to buy 81 Borgata gift cards which were than used across the property.
In total, the 5 men’s fraud is worth over $11,000, and they’ll soon appear in court to learn their faith. But, the fraud case involving the Borgata isn’t the only one. In fact, when the new surfaced, we’ve learned the US Federal Trade Commission’s Consumer Sentinel Network investigated around 3 million cases of identity theft. And out of these half were real cases. So it makes you wonder what can you do to protect yourself, right?
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Protect yourself against identity theft
As the above case highlights, contrary to popular believes, identity theft isn’t something that just happens online. And yet, official say that since the introduction of Microchips there’s been a definite decline in credit card counterfeiting.
But despite this, New Jersey still received on average 125 complaints on identity theft per 100,000 residents. And these shocking statistics means that the Garden State is rank 13th in the US when it comes to fraud.
Which means it’s mandatory or at least recommended to put a Freeze on your credit reports. Doing so will prevent individuals from using your personal information to open new accounts. Putting a security freeze will cost your around $20. But the cost varies from one State to another. Remember that you can lift the freeze at any time simply by getting in touch with the credit bureaus. When your money is on the line, better be safe.