I Was Part of the IRS Hack. Now What?

contributed by Lorrie


Related Articles

Preventing Online Identity Theft

Reducing the Pain of Identity Theft

Well, I got my letter the other day letting me know that I was one of the people whose information was hacked from the IRS website. What? How can that be? I wondered. I am so diligent about passwords, identifying images, and identifying questions. Yet, here I am, staring at this letter.

Part of me is very worried. What should I do? Who can I call? And then there is another part of me that just realizes this is an unfortunate aspect of online information storage and exchange. I subscribe to a credit monitoring service, and I email my accountant and let them know. But are you concerned about your own information? Here are a few options if you want to stay on top of your personal information online.

Keeps Tabs on Your Credit Report

If you haven't already done so, you can order one free credit report per year at AnnualCreditReport.com. Look over it to make sure nothing seems out of the ordinary or strange.

Consider an Identity/Credit Monitoring Service

Lifelock is a company that helps you stay on top of your personal information, so you can avoid identity theft. It uses advanced technology to monitor your personal information online and detect when it is used. It also sends you an alert when your information is used, and it will help you restore your identity if you become a victim. If you sign up using this referral/affiliate link, you'll receive a 30-day free trial plus 10% off your final purchase.

You could also look at Experian's ProtectMyId, which has daily detection, internet scans, and also an address safeguard. With their program, you can sign up for helpful text and email credit alerts that are sent out when your credit is checked or used. Be sure to check out the ProtectMyId site if you'd like additional information. You can stop identity theft in its tracks. Experian makes it easy with enrollment in ProtectMyID® (Affiliate Link)


Call your Bank and Your Accountant

If your banking information was part of the personal information hacked, you may consider giving your bank a call. You also may want to let your accountant know, so they can use that information when they prepare your taxes next year.

Consider a Credit Freeze

If you are very concerned, you can contact the credit reporting agencies to place a credit freeze on your account. This type of freeze will not allow lenders, or anyone else, to access your credit report. If you want to apply for credit in the future, you'll need to contact the credit reporting companies to remove the freeze.

Should I use a HELOC for home remodeling and repairs?

Identity theft can be a big problem, and it's becoming more and more common. Hopefully, these tips will help you stay on top of protecting your personal information and identity.

Take the Next Step:

  • Reach your investment goals sooner with investments personalized and managed for you. Get started for free.
  • Visit the TDS library for more on protecting yourself against identity theft.
  • Join those who 'live better...for less' - Subscribe to The Dollar Stretcher newsletter, a weekly look at how to stretch both your day and your dollar! Subscribers get a copy of our ebook Little Luxuries: 130 Ways to Live Better...For Less for FREE!
  • Get control of your financial life. Subscribe to Financial Independence, a free daily email that provides you with the tools to help you gain that control and achieve financial independence. Subscribers get a copy of Are You Heading for Debt Trouble? A Simple Checklist for FREE!

Share your thoughts about this article with the editor.

Get Out of Debt
Stay Connected with TDS










Do you struggle to get ahead financially?

Surviving Tough Times is a weekly newsletter aimed at helping you stretch your dollars and make the most of your resources.


Debt Checklist
Subscribe

And get a copy of Are You Heading for Debt Trouble?
A Simple Checklist and What You Can Do About It
for FREE!



Your Email:



View the TDS Privacy Policy.

Get Out of Debt