Monitoring and checking over your monthly bills and statements for accuracy is a quick way to check for any errors or weird activity, including any unauthorized withdrawals or charges. If you are not receiving statements and/or learn, that your address was changed, you should notify your financial institution to seek further guidance, check over everything/make corrections and obtain copies of all missed statements for payment purposes.
Shredding documents that contain your name, address, account numbers, birth date or social insurance numbers protects your identity in a way that trashing or recycling them will not. You should also destroy unsolicited credit card offers and cheques, old photo IDs, pay stubs and old tax returns and use only the financial services of reputable companies. Consider paperless statements from banks and credit card companies to reduce the risk that sensitive personal identifying information could be stolen from your mail.
Your wallet should not contain PINs, passwords or any unnecessary identification documents such as your SIN card or birth certificate. Unused credit and debit cards should be removed and you should use only one debit and credit card if possible.
Your electronic devices should be protected with a user password, anti-spyware and anti-virus software, with a two way firewall enabled. Your internet browser history on your computer and smartphone should be cleared regularly to prevent hackers from accessing stored passwords. Your electronic devices should also be regularly cleared of old, unused and unnecessary files, accounts and applications. Important documents, photos and tax returns should be backed up and stored on a separate flash drive, compact disc or external hard drive instead. It is recommended that you use privacy settings on social media accounts and to connect only with the people you know. You should pre-arrange the ability to remotely shut down your phone should it become lost.
When donating or recycling old computers, smartphones or other devices, it is prudent to erase the memory completely and restore to factory settings.
All financial account passwords should be changed periodically (at least every few months) and be comprised of a combination of upper- and lower-case letters, numbers and symbols. Passwords should be stored where they are neither visible nor easy to find and should not be shared with anyone or saved online except on a secure site.
Important documents should be kept in a safety deposit box or a fire-proof locked safe, such as passports, birth and marriage certificates, Wills, property deeds, domestic contracts, separation agreements, investment certificates and any business information.
Unsolicited phone calls, mail, and door-to-door salespersons should be met with some skepticism with personal or financial information guarded. Information you provide to professionals that you do business with should be limited to the business at hand.
Free credit reports from Equifax and Transunion can be obtained and checked annually. These reports will show if any fraudulent credit accounts (or inquires) were opened or used in your name.