Financial Privacy: Protecting Privacy to Avoid Identity Theft

Your financial privacy goes a long way to help you and your family avoid identity theft.

Business and personal banking privacy combined with the concealment of all assets owned or controlled by you and your spouse will help avoid business identity theft, medical identity theft, and the garden variety, personal identtiy theft. And while the masses may provide their most personal and confidential data including their Social Security numbers, home address, business employer identification number, driver license number, land line telephone  numbers, automobile registration information, credit card numbers, and more to all financial institutions who ask for these identifiers, your  privacy  interests will be served when  you go against the grain, and keep all of the above, and more private.

I suggest financial privacy, especially banking and home registration information are the most sought after identity theft tools by identity thieves. Remember that some of my previous articles and blog posts cite specific cases where bank employees, medical providers’ employees, and other insiders have been caught stealing these pieces of data to use in their identity theft crimes.

A family whose home privacy is under control-privately registered without mention of any resident on the county paperwork, and whose household account, and other family members’ accounts are untraceable, will have taken the most important steps to preventing identity theft. And while such an identity theft prevention plan requires time, effort, and some extra expense, bank secrecy, and personal privacy protection are the best identity protection measures that can be taken to guard against the expensive, inconvenient, dangerous crimes of medical identity theft, busness identity theft, and bank identity theft.

Grant  Hall