Financial Tip of the Week from the Iowa Bankers Association:
Bells are ringing, malls are buzzing and the clock is ticking for consumers to finish their holiday shopping. It's also peak season for identity theft, one of the nation's fastest-growing crimes. Identity theft occurs when someone steals your personal information–such as your name, Social Security number (SSN) or credit card numbers—to commit fraud or other crimes. The Federal Trade Commission estimates that as many as 9 million identities are stolen each year in the U.S.
Consumers should be on high alert this holiday shopping season. Research conducted by Identity Theft 911 (www.identitytheft911.com) reports that two to four identity theft crimes are reported every hour of the winter holiday shopping season. Take steps to protect your identity with the following tips:
These financial tips are provided by the Iowa Bankers Association (IBA), representing banks and thrifts in the state. For more information go to www.iowabankers.com.