Identity theft is sadly only becoming more prevalent. In 2016, $16 billion was stolen from 15.4 million U.S. consumers, according to Javelin Strategy & Research’s 2017 Identity Fraud Study. Add in news stories such as the Equifax breach, and you have every reason to be worried about your financial security.
The consequences of being a victim of identity theft can range from someone going on a mini spending spree with your credit card to taking out a mortgage or car loan in your name. A thief could even take out a student loan in your name.
So, how to prevent identity theft? Luckily, just as the criminals are upping their game in the cyber world, so are the protection services and tools available to consumers for identity theft protection.
How to prevent identity theft with these 5 tools
While you might think a regular credit checking service is enough, you can secure your personal information from multiple angles for little to no money. Here are five online tools to boost your security and prevent identity theft.
1. Protect your passwords with Dashlane
One of the most basic ways to increase your identity theft protection is to take control of your password. Dashlane, an online password management tool, helps you do that.
For almost every website — including important ones such as your bank account — you have to enter a password. More than 80 percent of people ages 18 and up reuse the same password across multiple accounts, according to Keeper Security, leaving them vulnerable to hackers.
This free program will create complicated passwords using numbers, symbols, and letters that are at least 12 characters long. It stores and encrypts passwords to ensure top-level security. It also has an autofill feature, so you don’t have to worry about remembering your passwords. Dashlane will even alert you if they notice suspicious activity on an account.
There’s also an upgraded service option. For just $3.33 a year, you can sync your account information across unlimited devices. You’ll never forget or lose your passwords, and the bad guys will have a tougher time figuring them out.
You can securely store credit and debit cards, bank accounts, PayPal info, and more to make online purchases safely. The company uses a “patented security architecture” that includes strong encryption and two-factor authentication process.
“I have been using Dashlane for about a year, on my home and work computers, mobile phone and tablet,” said one reviewer. “It’s reliable, easy to use and helps me keep a huge number of login credentials working properly without having to reset my password whenever I get the details mixed up.”
2. Protect your phone with Threema
Whether we like it or not, we are on our phones constantly. We can access our bank accounts, answer sensitive emails, and much more. While it certainly makes life easier, it also makes it easier for hackers to get into a vault of personal information.
Threema, which costs $2.99 on iOS and Android devices, lets you send encrypted text messages, recorded voice messages, photos, videos and files, and even make secure phone calls to people who also use the app.
You don’t need to provide any personal information to sign up. Each user is given a random Threema ID for identification, so you have complete anonymity on your phone. The app is so secure, even the server administrators at Threema can’t see the messages you’re sending.
You can use Threema across your devices, where it encrypts all your communication, including messages, group chats, files and even status messages.
3. Protect yourself on social media with Social Media Vault
So much of our social and business life revolves around social media. This makes it a hotspot for hackers to find our personal information and our contacts’ information, making identity theft that much easier for them.
To ensure identity theft protection on all of your accounts, the Social Media Vault mobile app compiles everything from Facebook to Instagram in one location with a secure entry system. You simply log in to the app to access all of your social media accounts.
If someone tries to access one of your accounts via your phone, there’s a special anti-hack feature. The app takes a timestamped picture with the front-facing camera when someone enters the wrong password. You’ll be able to see the culprit and know when they tried to gain access.
You can even choose to hide the app icon altogether, so if someone physically gets your phone they won’t know where to find your information. To gain access, open the dialer and press *8800 and hit call. You’ll quickly be back in your app and asked to enter your passcode. Easy enough.
The best news of all? The app is free and covers 55 different social media platforms.
4. Protect your computer browsing with Private Internet Access
Your phone and social media are covered, but how do you prevent identity theft with your everyday online browsing? A virtual private network (VPN).
A secure VPN, like one provided by Private Internet Access, lets you browse the internet normally, but changes the information behind the scenes so it’s unreadable by anyone trying to snoop.
Having a Private Internet Access-enabled browser prevents somebody from watching your Internet connection, and learning what sites you visit. It also prevents the sites you visit from learning your physical location.
Users can sign up and pay anonymously; a yearly membership only costs $39.95.
It’s important to remember to manually reconnect to the VPN when you want to use it. Setting it up doesn’t automatically mean it’s up and running. You can put the VPN in your menu bar on your computer to make this process simple.
5. Protect your credit with LastPass
Not only does LastPass work similarly to Dashlane by generating and securing passwords, but it can also monitor your credit. The free version alerts you when changes have occurred to your accounts that could affect your credit report, including opening a credit card or taking out a loan.
For just $9.95 a month, LastPass Premium offers credit monitoring with bonuses such as advanced multi-factor authentication, priority tech support, and 1GB of encrypted file storage. These features help make it more difficult for hackers to access your accounts.
When you receive a credit monitoring alert, LastPass Premium provides you with information on what changed in your credit report, and what steps you need to take to resolve the issue.
Constant vigilance is key
At the end of the day, it’s up to you to be vigilant about protecting yourself from identity theft, and these tools can help. By signing up or downloading one or more of these services and apps, you’ll make it that much harder for a criminal to target you.
It’s important to remember that your identity goes beyond the basics of just your social security number or credit card. Protecting your social media accounts and passwords is a safeguard against those avenues for entry by hackers.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.50% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of April 17, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 04/17/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on our student loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.49% effective March 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.50% – 7.27%1||Undergrad & Graduate|
|2.50% – 7.12%3||Undergrad & Graduate|
|2.81% – 8.79%4||Undergrad & Graduate|
|2.50% – 6.65%2||Undergrad & Graduate|
|2.55% – 7.12%5||Undergrad & Graduate|
|3.00% – 9.74%6||Undergrad & Graduate|