​Identity Theft: What is it and How to Detect It

Yashashvi Tak

Dec 7, 2023

​​Understanding Identity Theft​

Identity theft is a cybercrime where someone steals and misuses your personal information, like Aadhaar, PAN, passwords, and bank details, causing financial losses.​

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​​Vigilance through Transaction Monitoring​

​Keep an eye on your account transactions to catch identity theft early and avoid serious consequences.​

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​​Warning Signs of Potential Victimhood​

Signs you might be a victim include missing bills or mails suddenly stopping, possibly due to scammers changing your address to access your sensitive info.​

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​​Unexplained Transactions as Red Flags​

If you notice unknown transactions or withdrawals from your bank account, it could be a sign of identity theft.​

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​​Unusual Account Activity Alerts​

Check for unusual activity in your accounts, such as unknown accounts being opened or changes made, as this signals potential identity theft.​

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​​Denied Legitimate Requests​

If legitimate requests for transactions, loans, or credit cards are being denied, it may indicate someone tampered with your credit.​

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​​Caution with Account Notifications​

Be cautious if you receive notifications about account changes or transactions you didn't initiate, as this could be a sign of identity theft.​

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​​Preventive Measures​

Shredding Documents- To prevent identity theft, shred documents with personal information, such as old bills and financial statements.​

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​Regular Monitoring for Security​

Regularly monitor your bank accounts, credit cards, and related financial reports.​

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