Things You Can Do Right Now to Protect Yourself from Identity Theft

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 4 April 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn how to protect your identity from theft and fraud by understanding how criminals are exposing authentication flaws. How can you protect yourself from identity theft and financial scams? What steps should you take if your identity has been compromised? Hosts Sean Pyles and Sara Rathner discuss the pervasiveness of identity theft and practical defense strategies to help you safeguard your financial well-being. They begin with a discussion of protecting yourself from identity theft, with tips and tricks on setting up fraud alerts, freezing your credit and using unique passwords with the aid of password managers. Then, Eva Velasquez joins Sean to discuss the nuances of authentication and identity theft. They discuss the challenges businesses and individuals face in verifying identities online, the misuse of social security numbers and the rise in data breaches, particularly in the healthcare sector. Plus: the alarming increase in data breaches in 2023, the importance of questioning every suspicious communication you receive, and the necessity for public and private organizations to refine their authentication methods. In their conversation, the Nerds discuss: identity theft, financial scams, data breaches, cyber security, credit freeze, fraud alert, authentication, online identity, personal data protection, cybercriminals, financial fraud, password managers, financial well-being, data security, impostor scams, phishing, identity fraud, scam prevention, credit monitoring, sensitive information, identity protection, financial instruments, identity thieves, scam victims, credit card fraud, loan fraud, biometrics, cybersecurity strategies, data privacy, digital financial transactions, identity theft resource center, federal trade commission, IRS IP PIN, financial defense, digital predators, financial peace of mind, consumer protection, scam recovery, safeguarding data, and financial education. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:29.9	You never think is going to happen to you.
0:32.3	You'll never fall for a scam.
0:33.9	You're too careful to have your identity stolen.
0:36.4	You know how to sift through the clutter
0:38.1	and the misinformation all on your own. Well, I'm sorry, dear listener, but it could happen to you.
0:44.9	So today, we launch a new series to make sure you know as much as possible about how to protect
0:50.0	yourself and your finances from scams. I say this unequivocally. Your data is out there.
0:56.4	Now, not every scammer has every piece of your data, but I don't want people to be under the
1:02.0	impression that, well, I didn't receive a breach notice or I wasn't paying attention, so that
1:06.3	must not be happening to me. No, I'm talking to you. Your data is out there.
1:14.2	Welcome to Nerd Wallet's Smart Money Podcast. I'm Sean Piles. And I'm Sarah Rathner.
1:19.1	And this kicks off our nerdy deep dive into all the ways that identity thieves can turn
1:23.4	your life upside down, especially your financial life. We did not want to have to do a series on this,
	...

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