High net worth individuals

High net worth individuals

Money and wealth are the most important factors in identity theft.
Affluent individuals and families are more likely to be targeted by
thieves due to their high profile and potential for a big payout.

High net worth individuals

Why identity thieves target people with high net worth?

1. High net worth people are more at risk simply because they tend to have more credit, putting personal data in lots of different places.

2. People with high net worth usually have number of bank accounts which make their information available through various sources.

3. Such individuals typically have a lot of people around them which again makes them vulnerable to phishing attacks and social engineering.

4. Cyber criminals also look for corporate secrets. They’re after networks. They want access to other wealthy people, private communications and data that they can sell to other cyber thieves.

5. Sometimes, these high net worth people may not spend enough time to check their credit reports, or check their financial statements for accuracy, or change those important passwords which makes them more vulnerable to theft.

How to protect?

1. The strongest preventive measure available to deter identity theft is to raise a dispute with Cyberior or your bank for unknown transactions on your credit report.

2. Invest in good credit and identity monitoring service so that you can receive an alert in case of suspicious activity. If you do become a victim of identity theft, their team of experts can also help restore your identity. Similarly keep a constant track on your credit report.

3. Identity thieves seek to obtain sensitive information from your trash, so make sure you shred important documents before throwing them out.

4. Enable device protection. Secure computers and mobile devices with strong passwords or biometric authentication tools and use anti-virus and anti-malware software to monitor your devices.

5. Secure your connection when going online by using a firewall and a virtual private network.

6. Don’t open e-mail attachments from unknown senders, click on suspicious links or visit suspicious websites.

7. You can avoid most scams by guarding against giving out unsolicited information. Use caller ID to screen unwanted callers, and don’t respond to an unsolicited caller claiming to represent a government agency or financial institution.

8. Invest in best identity protection plan. A best identity protection program reduces the risk to a great extent. Consider Cyberior Digital Identity Protection.