Robert Siciliano, CEO of IDTheftSecurity.com recently appeared as a guest on The Rich Dad Radio Show with host Robert Kiyosaki, the best selling author of Rich Dad Poor Dad.
Nov 15, 2015 /prREACH/ -- Robert Siciliano, CEO of IDTheftSecurity.com and personal security and ID expert, appeared as a guest on The Rich Dad Radio Show with host Robert Kiyosaki to discuss how people can protect their wealth and identity.
In early 2015, a popular online tax preparation company had to shut down e-filing in several states after the company noticed an uptick in what appeared to be fraudulent tax returns. Tax-related identity theft is a big-money crime, and the statistics prove it. The IRS stopped 19 million suspicious tax returns last year, and stopped more than $63 billion in fraudulent refunds; however, $5.8 billion in tax refunds were paid out to fraudsters and is projected to climb to $26 billion in 2017.
Guest Robert Siciliano, who for almost 30 years, has been committed to informing the population about identity theft prevention says, “Tax identity theft is a huge problem, and has got a lot worse over the years, because the process of filing taxes is really based on an honor system.”
Kiyosaki asked Siciliano to describe different types of identity theft and how people can prevent it. Siciliano says there are two types of identity theft: New Account Fraud and Account Takeover. He believes that everyone should have their credit frozen across the three credit bureaus.
Siciliano says, “Everyone’s credit should be frozen, now. And doing this protects against new account fraud.” He goes on to say, “Banks, retailers, and credit bureaus have all fought against this because they can’t issue credit instantly.”
Siciliano offers these tips to preventing ID theft: • Inspect credit card statements to make sure all charges are authorized • Always shred sensitive documents that include personal financial information such as bank, credit card and Social Security numbers • Make sure personal computers have up-to-date anti-virus software and be extremely selective when opening attachments or clicking on links in emails • Review credit reports at least once a year from the three major bureaus • Place a freeze on personal credit to prevent thieves from opening new loans or credit cards
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About Rich Dad Operating Company Best known as the author of Rich Dad Poor Dad –the #1 personal finance book of all time – Robert Kiyosaki has changed and challenged the way tens of millions of people around the world think about money. His book title holds four of the top ten spots on Nielsen Bookscan List's Lift-to-Date Sales from 2001-2008 alone. In addition, Robert has been featured on shows such as Larry King Live, Oprah, The Doctors, Bloomberg International Television and CNN. Visit richdad.com for more information.