Unfortunately, there are unscrupulous people on the Internet who are looking to take advantage of you. As such, it’s important to learn what kinds of information these individuals are looking for and how they can use your data to harm you.
More importantly, you need to know how to protect yourself by guarding your information online. Here's the top reasons why you should keep your personal information private.
Arguments:
First, to prevent identity theft that occurs when someone gains access to your personal information and pretends to be you online.
Individuals who have accessed your personal data can retrieve your login information for various websites or commit cybercrimes such as tax fraud, all while posing as you.
According to a study by the Aite Group, 47% of Americans experienced identity theft in 2020, and this number is likely to increase as the Internet becomes an even bigger part of our daily lives.
However, you can lower the odds of experiencing identity theft by reducing the amount of information you provide.
Second, to protect your financial information. Cybercriminals can take your banking information and make unauthorized withdrawals, purchases, and transfers.
Although financial websites are encrypted, there are still steps you should take to ensure your money is as safe as possible.
Don’t share your banking information with anyone: It’s very easy for someone to withdraw money from your account if they know your bank account and routing numbers.
When you are making a payment and have a choice between using your bank account number or a credit card number, always choose the credit card because it has fraud protection features that your bank account doesn’t.