Browsing Tag

identity theft protection

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Are You A Cyberstalker?

November 2, 2012

Is “Facebook stalking” as harmless as the jokes we make about it? We log on to check out that new friend we made in class, or to see what the ex is up to, or investigate further when the “What! That girl from high school is getting married?” moment pops up on the newsfeed. But could Facebook stalking be taking a toll on our mental health, our social lives and does constantly checking out your ex keep you from finding dates? This infographic from OnlineCollegeCourses.com investigates:

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Insurance for Young Adults Can Be A Smart Buy

August 3, 2012

Insurance may seem like something that only adults out in the real world need— or can afford— to get.  But what about young adults?  Well, whether you’re nearing college, currently in college, or recently graduated, there are many reasons why insurance might be a good idea for you.

Just yesterday, NACUBO (National Association of College and University Business Officers) shared an article entitled “Congress Troubled By College Costs” on their website.  Donald Heller, Dean of the College of Education at Michigan State University, admitted: “The world of higher education finance is a complex and mysterious place […].”  The high cost of tuition is obviously hitting students hard, but other aspects of college life are notably expensive, too.  Housing, health care, and travel are among the list of expenses young adults face.  Luckily, there are various forms of insurance so that you can be matched with a plan that best suits your life.  So start demystifying your higher education finances now by looking at insurance opportunities!

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Insurance Needs for U.S. Study Abroad Students

May 28, 2012
Insurance Needs for Study Abroad

When I was a junior in college, I had the great fortune to spend a semester studying in London. Not only did I learn an enormous amount about the world and myself, I made friendships that endure even four years later, strengthened my resume and had the time of my life. I was fortunate enough to have a happy, healthy semester, however, the risks associated with studying abroad were all around me.

My eyes were opened to the danger of being in a different culture, of being far from home, and to the unexpected. Accidents do happen. Despite being in a wealthy, English-speaking country for four months, I saw situations unfold that reminded me that I was not home, and the risks of studying abroad became quite real during my time there. When a group of us traveled to meet some American friends in an unfamiliar part of London, my girlfriends and I were quickly shuttled into a cab when our guy friends were jumped by locals. Luckily, the worst injury was a broken nose, but the fear we all felt was a reminder that we were still in fact strangers to the city. My roommate slipped and fell on the rainy streets of London, hitting her brow bone and woke up the next day with her eye swollen shut, forcing her to wear an eye patch through our Easter dinner, and then waiting hours for medical attention in the backed up waiting rooms at the closest English hospital. Another friend got up during the night from her bunk bed (yes, we slept in oh-so glamorous bunk beds) and hit her head in the dark, which required stitches.

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Safe Online Shopping

March 28, 2012

Living on Credit Cards

Online shopping is fun, convenient, and gives you access to many more options than the stores close to your home.  While I never shopped online much in high school I’ve found that while at college, online shopping is an easy way to get my retail fix without the hassle of leaving campus and the limits of the local malls.  However, with this activity comes potential risk.  Identity theft and false or unethical retailers are real problems that you need to be aware of.  This doesn’t mean you should completely avoid online shopping, but it does mean that you should be careful.

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Young Adults Slowest to Respond to Theft of Personal Financial Data

August 19, 2010

GradGuard has recognized that ID Theft and privacy of college students is a major concern and risk.   As a result, we have included ID Theft & Resolution services within the GradGuard Student Protection Plan.   The probability for young adults becoming a victim of ID Theft is high, it is also important to recognize that the potential financial risks from losing your tuition investment or having an accident or illness is even higher.    As a result, GradGuard’s Student Protection Plan includes tuition refund insurance, ID Theft & Resolution service and Emergency Medical Evacuation benefits.   So bottom line, protect yourself from ID Theft, but withone purchase get greater peace of mind for the incidents that may interrupt your students education.

For more insight, please read the article follows by By Howard Schwartz from the Connecticut BBB which Offers Tips for College Students to Protect Themselves Against ID Theft.

“Many young adults only learn how to handle their finances once they begin paying bills accumulated in college, however they often do not learn about preventing or discovering identity theft until they become victims. According to the 2010 Identity Fraud Survey Report released by Javelin Strategy and Research, more than 11 million people became victims of identity theft in 2009. Young adults aged 18-24 took the longest to detect identity theft—132 days on average—when compared to other age groups. Subsequently, the
average cost ($1,156) was roughly five times more than amounts lost by other age groups.

Connecticut Better Business Bureau President, Paulette Scarpetti, says the ins and outs of identity theft are as important as any other element of money management. “Fixing the damage caused by identity theft can be an expensive and lengthy process, depending on a
number of factors, including whether the thief passed on the information to a third party or was caught.

“ID theft is much simpler to prevent than fix, and it is a vital lesson in sound money management practices.”
Connecticut BBB offers these tips for college students to fight identity theft:
-School mailboxes are not always secure and often can be easily accessed in a dorm or apartment. Have
sensitive mail sent to a permanent address such your parent’s home or a post office box.
-Important documents should be stored under lock and key, such as in a filing cabinet. This includes social
security card, passport, checks and bank and credit card statements.
-Shred any paper documents containing sensitive financial information rather than just tossing them out.
Also, shred any credit card offers that come in the mail.
-Never loan your credit or debit card to anyone, even a friend. Also just say “no” if a friend wants you to
cosign for a loan or financing for an item such as a TV.
-Make sure your computer has up-to-date antivirus and spyware software. Keep your computer safe from
emerging hacking technologies used by online thieves by installing updates and patches to your computer’s
operating system and browser software.
-Always check your credit and debit card statements closely for any suspicious activity. The sooner you
identify potential fraud, the less likely you will suffer in the long run.”

Great advice for all students and their parents.