(Family Features)––The hustle and bustle of the holiday season is an exciting time. But from the crowded malls to the big online markdowns, a silent threat lurks––one with the ability to wipe out your good financial standing and make it a not-so-jolly holiday for you and your family.
Just as you would assess your holiday gift budget, it’s equally important to understand and evaluate the status of your identity, taking special precautions to help safeguard your information.
Giving information is inevitable.
In the digital world, sharing your identity to obtain credit, make online holiday purchases or even receive coupons is commonplace and necessary—but it opens the door to new risks. Today, data breaches are frequent and they can put your personal information in the wrong hands.
In fact, a new study of more than 1,200 consumers conducted by Morpace on behalf of LifeLock, a comprehensive identity theft protection service, found that almost two-thirds (64 percent) of data breach victims experienced it within the last 12 months (1). And while data breaches can certainly cause considerable damage to someone’s financial standing, the stakes in identity theft are exponentially higher.
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