Wednesday, March 14th, 2018
Even though you've likely heard about data breaches in the news recently, it may still surprise you to learn that over 4 billion records were hacked in 2016. Criminals are trying to fill in the pieces when it comes to identity theft against you and your family.
It's essential to protect your information by periodically organizing, locking up and shredding data-sensitive documents. If you're not sure where your Social Insurance Number card is (Hint: it's such a key component to your identity that Service Canada doesn't even issue them any longer), or your CRA notices of assessment for example, you'll want to pay extra close attention to these steps.
Shannon Lee Simmons, author of Worry-Free Money: The guilt-free approach to managing your money and your life suggests that you "invest in a solid filing cabinet with a lock and a strong shredder."
Also, don't share your information with anyone who asks for a photocopy of your driver's licence — and don't allow for photocopies to be made, either — without understanding what that information will be used for and how it will be stored.
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