Identity Theft: It All Starts With a Stolen Wallet

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What’s the big deal anyway, right? Your wallet was stolen, and in a few hours, you could easily just make a few calls, render the cards in there into worthless plastic, order some new replacements, and you’re good to go. But identity theft stretches farther than your everyday stolen wallet, and it’s only the beginning of a terrifying nightmare.

Your Social Security Number: the Killing Curse of Identity Theft

 

identity theft harry potter

Thanks, Harry Potter, for a tale so grim, right? No patronus charm can stop this one key weapon every identity thief has on hand: they look for the social security numbers. Plain and simple.

When your wallet’s stolen, your information existing in the cloud of cyberspace is then free reign for picking, including your SSN, so that’s something you have to be extremely careful of. It may be only a few hours before the actual cards in your wallet would be rendered useless and you’d save yourself charges up the wazoo, but identity theft will go on much longer given the fact that a smart identity thief will utilize the information on the cards — including your social security number — to tap into other resources and open up new lines of credit in your name without you even knowing it.

It’s like a massive domino effect. And not a pleasant one.

You’d then have massive problems with credit, requiring some restoration services, plus problems with mortgage loan approval due to low credit scores. Your entire life starts crumbling like that proverbial house of cards, and it all can easily start with identity theft. A very scary thought.

Harry Potter’s New Voldemort Times Ten

And we thought that darn snake was scary. Your wallet’s scary. And all you need to do is misplace it. It’s a must then, when you think about it, to focus on an efficient LifeLock service or another ultimate identity theft protection plan in place to at the very least prevent your own version of the Deathly Hallows from taking place.

The H.O.P.E. is you’ll come out unscathed with your very own cloak of invisibility and a Firebolt.

 

 

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7 comments to “Identity Theft: It All Starts With a Stolen Wallet”

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  1. […] Simply Stealing a Wallet — Don’t be fooled. This isn’t petty theft of some change and a couple of dollars. Skilled criminals commit identity theft in this way and accomplish so much more. […]

  2. […] Identity theft. One of the fastest rising crimes in the United States to date, and many times this can happen right under your nose, affecting your credit in worse ways than even the worst of financial negligence and recklessness. […]

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  4. […] corporation, will carrying around a digital device, open fodder for the worst crime in the world. Identity theft. You’re a target with a big bull’s eye on it, and if you don’t believe that […]

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