What's Happening?
As the holiday season approaches, financial expert Terry Savage highlights the increased risk of identity theft and offers advice on safeguarding personal information. Savage emphasizes the importance
of freezing credit with major bureaus to prevent unauthorized accounts and loans. She also warns about sophisticated scams involving phone SIM card theft, which can lead to unauthorized bank withdrawals. Savage advises securing SIM cards with protection codes and monitoring credit scores regularly. Additionally, she suggests taking measures to protect home titles from fraudulent transfers.
Why It's Important?
Identity theft poses a significant threat to financial security, especially during the holiday season when scams are prevalent. By following Savage's advice, individuals can protect themselves from financial loss and unauthorized access to their personal information. Freezing credit and securing SIM cards are proactive steps that can prevent fraudsters from exploiting vulnerabilities. The emphasis on monitoring credit scores and home titles also highlights the need for vigilance in safeguarding assets. These measures are crucial for maintaining financial stability and preventing long-term damage to credit and property ownership.
