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High Risk of Identity Theft for Students Using Social Media

by Editor

Woman-on-ComputerLeaving home and going to college is the first step into the adult world and it also could possibly be a step toward becoming a victim of identity theft. Twelve million Americans are victims of identity theft each year, according to a study by the Javelin Strategy and Research. Among the victims, 31 percent are between the ages of 18 and 29, states CBS News. When you know the risks associated with identity theft, you can take measures to reduce your chances of becoming a victim.

Hold Back your Information

Social media and the Internet provide the opportunity to stay connected with friends and family, but it can also put you at risk of identity theft if you are not careful with the details you provide. A major reason that college students become the victim of identity theft is online sharing of information without taking safety precautions.

Sharing information online with friends and family may not seem dangerous, but it requires appropriate privacy settings and safeguards to reduce the risk of strangers accessing that data. As a general rule, it is better to avoid putting data on a social media website than to discover that information was used without permission to open credit cards, buy cars or purchase other large items.

Properly Dispose of Offers

It is likely that you will start receiving credit card offers in the mail. Improper disposal of unwanted offers can actually result in identity theft. Throwing out the offers without shredding them allows another individual to fill out the form and obtain a card in your name.

Before throwing out any documents with personal data on it shred the paper or rip it up to the point that it is no longer useful.

Pay Attention to Financial Aid

When you apply for a student loan, obtain a scholarship or are awarded a grant for your education, make a note of the money that you expect to receive. According to Lifelock.com review your financial aid award documents thoroughly, and keep track of the money you’ve been awarded so that you know exactly how much you have available. Report any missing documents, IDs or other information to the school and authorities immediately will also help protect your identity.

Applying for financial aid is an appropriate way to pay for college, but it also requires you to pay attention to the documents and track all of the money that you receive. Even if the money goes toward your tuition and you don’t put it directly into your bank account, make a note that you received the funds.

Check Your Statements

Keep track of all your information and funds so that you catch problems early. A common problem that college students face is a lack of scrutiny when it comes to bank statements. When your statements arrive, take the time to evaluate the data. Look for any purchases that you did not make or unauthorized uses of your account data.

Scrutinize your accounts regularly and catch the theft early so your bank is more likely to return the funds.

Awareness is the key to reducing your risk of identity theft after you go to college. When you take measures to reduce your risk, the number of problems you are likely to face decreases drastically, so protect yourself.

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1 Martin

Consumers need to be educated on the proper use of social media as it relates to protecting privacy and security. Social networks need to also understand the impact of not addressing security and privacy issues. If the information becomes corrupted, it not only casts doubt on the social network, but on your real-life personality, as well.

2 Narendra Kumar

Nice words about Identity theft issues via Social Media. At young age people like to share more & more with friends and other known persons. This habit make them less aware about their privacy thing causing them to let disclose their secret information. Personal details, bank account, Credit card details shouldn’t be disclose at Social Media.

3 Gautham Nekkanti

Social Media has several invariable benefits, but that’s just one side of a coin. Identity theft is very dangerous issue which needs to be tackled. Thanks for these tips.

4 Stephan

i think this very helpful tips for students nowadays.
We have a lot of advantage that Social Media provided but we have some drawbacks that it brings up.
Thanks for your sharing.

Stephan Wu

5 Gaurav Sharma

Ya, you are absolutely right about this identity theft in USA and other developed countries because few days ago, i access a site whose name is fakenamegenerator.com which creates a fake name and id information for you to create a social profiles in Facebook and the most shocking thing which I found in this tool is it also generates fake credit cards to fool the credit cards companies. So, i am also advising my fellow students and blogger’s friends save your credentials from this type of software.

6 Stacey

Hi Sahil,
Good job for bringing this up! We need to be properly informed about the risk when using our most visited social medias. We must be cautious about revealing our important details over the net.Or else we will become a victim of Identity theft.

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