Your wallet contains many personal items that can be used to steal your identity if lost or stolen. You should minimize what you carry and only keep essential items like a driver's license, credit card, and health card. If your wallet is lost or stolen, quickly contact credit bureaus, creditors, and government agencies to report the loss and change passwords. Filing a police report can help prove identity theft and aid in recovering identification documents. Acting immediately limits damage and secures your personal information and finances.
2. In the Beginning…
Wallets were originally simple cases for
knick-knacks but evolved due to growing
needs.
Today there is an increasing desire to
carry more of our personals even when
not needed.
So much activity that can be done it’s
easier to have everything with you at all
times.
3. Oh No! It’s Gone!
Carrying too much in your wallet
exposes you to more damage when lost.
Statistics show it is one of the most
emotionally devastating experiences.
People hold out hope that their wallet
will be returned. In most cases it
doesn’t happen.
4. The Evil Signs
Unexpected calls from creditors for
unknown purchases.
Unexplainable credit card transactions.
Bills stop arriving.
Rejection notices when applying for
credit despite having a clean credit
record.
5. Steps to Securing Your Identity
Credit Cards: Phone your provider and
report it lost/stolen. A new one will be
reissued.
Gift Cards: Contact customer service
and they will transfer existing balance
and reissue a new card.
Credit Bureaus: Order free credit reports
from Equifax and TransUnion to monitor
your history.
6. Steps to Securing Your Identity
(cont.)
Pins and Passwords: Change all pins
and passwords if you carried reminder
notes in your wallet that revealed them.
Police Report: File a report to help in
recovering IDs and to help prove your
case of theft to creditors.
SIN/SSN Reporting: Notify the
government so they can flag and reissue
a new card (if this card was in your
wallet)
7. Steps to Securing Your Identity
(cont.)
Investment Accounts: Login credentials
kept in your wallet for discount brokers
like Questrade should be changed
promptly.
Driver’s License: Visit your nearest DMV
to get a quick replacement.
Health Card: Alert your provider so they
can monitor activity.
8. Final Tips
Endless array of IDs one may be
carrying. The key is to only carry what
you need and leave the rest at home in
a secure place.
Only need to carry a driver’s
license, health card, credit card, debit
card, and a small amount of cash.
When you lose your IDs always take
action immediately. This will limit future
damage.