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Identity Theft Tips from Frank Abagnale

Posted By Jim On 07/05/2007 @ 9:57 am In Banking,Credit | 3 Comments

If you’ve seen Catch Me If You Can [3], you know who Frank Abagnale is and he recently shared some identity theft tips (basically the things he does to protect himself) with MarketWatch [4] that are worth remembering.

  • Don’t use a debit card.
  • Use checks sparingly.
  • Use credit cards, because “card issuers do the most to shield consumers from fraud.” (and pay off your balance at the end of the month)
  • Use a credit bureau monitoring service that alerts you immediately via email (mail is too slow)
  • Use a microcut shredder to turn sensitive documents to dust, literally. Shred the back of catalogs too to avoid someone stealing your customer information.

Solid tips everyone should be following from a solid reformed criminal who was really good at it.

I don’t ever use a debit card because they offer no points or rewards for doing so, I avoid checks because they have all your sensitive information on it (account number, address, what else does a crook need?), and I use credit cards all the time. I use a crosscutting shredder, so not quite dust, but I don’t employ a monitoring service… maybe it’s time to consider it.

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[3] Catch Me If You Can: http://www.amazon.com/exec/obidos/ASIN/0767905385/ref=nosim/easeoftravel-20

[4] MarketWatch: http://www.marketwatch.com/news/story/story.aspx?guid={B97BC746-EDAA-402F-82A9-C2B14C5084BD}

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