Don't Let Clients Become Identity Theft Victims

VanderPal, Geoffrey,D.B.A., C.F.P. (2015). Don't let clients become identity theft victims. Journal of Financial Planning, 28(5), 24-25.

3 Pages Posted: 28 Apr 2017

Date Written: May 1, 2015

Abstract

As a trusted financial planner, part of your role is to protect client assets and safeguard their privacy. This is an opportunity for you to advise clients on protecting their personal privacy, preventing identity theft, and suggesting proven strategies to greatly reduce their risks. The primary types of identity theft are: financial identity theft, driver's license identity theft, Social Security and IRS identity theft, medical identity theft, child identity theft, and synthetic identity theft. Meanwhile, the greatest tool in preventing information from being stolen and used illegally is the security freeze. Additionally, your clients should never use their home address because that information is sold to marketing lists and becomes public information. Avoid being hacked by using a two-factor authentication, which involves using a username and password plus a secondary level of security, such as security codes sent via text. Also, always use a Virtual Private Network service when using public WiFi.

Keywords: Identity Theft, Fraud, Financial Fraud

Suggested Citation

VanderPal, Geoffrey, Don't Let Clients Become Identity Theft Victims (May 1, 2015). VanderPal, Geoffrey,D.B.A., C.F.P. (2015). Don't let clients become identity theft victims. Journal of Financial Planning, 28(5), 24-25.. Available at SSRN: https://ssrn.com/abstract=2959332

Geoffrey VanderPal (Contact Author)

Purdue University Global ( email )

1321 Upland Drive, Suite 9331
Suite 9331
Houston, TX Collin 77043
United States
5123086190 (Phone)

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