7 Tips to Control Identity Theft

May, 2022

Given heightened geopolitical tensions, the risk of cyber-attacks and identity theft are becoming even more pervasive. Identity theft occurs when someone steals your personal information to commit fraud, such as fraudulently opening accounts, gaining access to accounts, filing tax returns, filing for unemployment benefits, obtaining medical services, or sending fake bills to your health insurer, etc. While these are core steps to take, this is not designed to be an exhaustive list of all steps you may need to take to prevent identify theft.

1 – Freeze your credit for free with all three credit bureaus. A credit freeze will prevent someone from applying for and getting approval for a credit account or utility services in your name. This is the best way to prevent identity theft.

2 – Review your accounts and credit reports regularly to ensure no suspicious activity

3 – Enable two-factor authentication for any online accounts, especially for email, social media and financial accounts.

4 – Use a password manager to generate, manage and store unique passwords for your accounts. Do not reuse passwords!

5 – Encrypt and password protect all computers and mobile devices.

6 – Sign up for banking and credit card alerts via email or text message.

7 – Know the sender of email! Before clicking any link or downloading any file, be 100% certain of the sender. If in doubt, open a new browser and navigate to your account or confirm with the sender that they sent you something. One downloaded file can result in malicious software being installed on your computer.

Still confused as to how to do any of these seven tips? Contact us for help!


This information is for educational purposes only and should not be construed as specific investment, accounting, legal or tax advice. Investing involves risk including loss of principal. Information from sources deemed to be reliable but its accuracy and completeness cannot be guaranteed. By clicking on any of the links above, you acknowledge that they are solely for your convenience, and do not necessarily imply any affiliations, sponsorships, endorsements, or representations whatsoever by us regarding third-party websites. We are not responsible for the content, availability, or privacy policies of these sites, and shall not be responsible or liable for any information, opinions, advice, products or services available on or through them.

Collective Wealth Advisors About the author: Trey Nelson, AIF®, Managing Partner and Wealth Advisor, CWA. Trey has spent the past 23 years in the wealth management business, both as an advisor guiding individuals and families, and as a coach and consultant to successful independent wealth managers. Over the last decade Trey has worked with one of the largest and most respected RIAs (Registered Investment Advisors) in the country, frequently speaking at national investment conferences on investment strategies and wealth management topics. Serving in his role as a Vice President gave him the unique opportunity to work alongside two Nobel-prize winners, one of the world’s leading behavioral finance experts, respected industry thought leaders and many of the top independent wealth managers in the nation. Drawing upon this experience will be an important asset to our collective team and, most importantly, to the clients for whom we serve.