YOUR MONEY: Wedding season brings threats of identity theft for engaged couples
DALLAS -- With the wedding season in full swing, the last thing on the minds of brides and grooms probably is protecting their identity from theft. But it should rank right up there with all their wedding plans. In fact, vigilance against identit...
DALLAS -- With the wedding season in full swing, the last thing on the minds of brides and grooms probably is protecting their identity from theft.
But it should rank right up there with all their wedding plans.
In fact, vigilance against identity theft should be heightened at this point in a couple's life.
"It's a major life change," said Jeremy Miller, director of operations at Kroll Fraud Solutions, a data security firm that helps companies protect sensitive personal information and deal with data breaches. "People are extremely busy and distracted, so they may open themselves up for additional exposure."
In addition to dealing with caterers, photographers and your family, you must also change, move and merge bits of vital personal data to plan for your life together -- a process that can unintentionally compromise the security of your personal information.
"To make matters worse, the wedding industry -- which brings in an estimated $40 billion to $80 billion a year -- is a prime target for scams and fraud, instigated by unsavory individuals hoping to cash in on the wealth of funds," Miller said.
Here are areas where you could be vulnerable while planning your nuptials:
Gift registries: Many gift registries now allow stores to share your information with practically anyone who has access to a computer, Miller said.
"The first security rule is to share as little personally identifiable information as possible when setting up your registry," he said. "Stores vary in data security policies and procedures, and often provide you with little control over how your personal information is stored and used."
Online wedding sites: There are several popular online wedding sites where you can share pictures, details and plans for your pending nuptials. Much like any social networking site, there are some simple precautions to keep in mind:
"Be wary of the amount and type of personal information you post," Miller said. "Avoid posting your full name, age, date of birth, occupation and home address. If you give them (crooks) enough information, they can go somewhere else and get the rest of it."
Be especially careful about where you provide your e-mail address.
Giveaways and sweepstakes: You might receive offers for deep discounts, freebies and chances to win a free honeymoon or merchandise.
While most are legitimate offers from established businesses, there are some that are scams, leveraging your excitement to persuade you to give up personal information, Miller said.
In some cases, that may include paying "fees" or "taxes" to lock in the proposed deal.
"Never sign up for a sweepstakes at a bridal show if you are unfamiliar with the vendor," Miller said. "Sweepstakes scams are extremely popular at these venues.
"Likewise, never give out your personal information over the phone to an unknown vendor who says you have been selected to win a free trip. These types of offers almost always have strings attached," Miller said.
If you decide to change your name after you get married, be sure to notify the Social Security Administration so that your Social Security card will reflect the change.
"You want to do it as soon as it's legal for you to do it," Miller said. "You want to keep a record of everything that you've done."