Risk Management Tip

Tax identity theft protection

As hackers are finding new ways to access information including date of birth and social security numbers, millions of Americans are put at risk for identity theft. The good news is there are relatively simple steps you can take to protect yourself. From a tax perspective, getting an identity protection PIN from the IRS will prevent the misuse of your Social Security number on fraudulent federal income tax returns. If you are concerned that your credit might be at risk, there is also an option of freezing your accounts with the credit bureaus. It’s very easy and inexpensive with costs of up to $30 per person depending on your state of residence.