5 Tips to Protect Your Phone From I.D. Theft
NEW YORK ( MainStreet) -- Identity fraud thieves are increasingly targeting smartphones as a gateway to grabbing consumers' private financial data.
If you don't act to safeguard your smartphone from I.D. thieves, you could be taking a big risk, but some preparation and a little bit of help from financial services companies are good places to start protecting yourself.
|Mobile banking is on the rise, and that means a new place for fraudsters to get at peoples' financial data.|
According to a report from Javelin Research, about 8.1 million Americans were victimized by identity theft in 2010 to the tune of $37 billion. The average cost per consumer was $631.
Sometimes simply waiting too long to address an I.D. theft is what will really cost you."The longer identity fraud goes undetected, the more expensive and difficult to resolve it tends to be for the consumer. Therefore, it is vital for consumers to monitor their accounts frequently and to partner with their financial institutions to help prevent, detect and resolve fraud," Javelin says in its report. "About half of identity frauds are detected by consumers, and half are detected by third parties (45% vs. 55%)." >>How to Connect to Activities You Love With smartphone use growing by 40% last year from 2010, the potential for increased identity theft activity will rise too. To guard personal data on your smartphone:
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV