If someone stole your wallet tomorrow, how much damage could they actually do? Most people immediately think about their credit cards and cash, but the biggest financial risks may come from the personal information tucked behind those cards. A lost wallet can give criminals access to identifying details that make identity theft, account fraud, and impersonation scams easier.
The Federal Trade Commission warns that identity thieves can use stolen personal information to open accounts, make unauthorized purchases, and commit other forms of fraud. Before your wallet disappears, consider these eight things to remove from your wallet to reduce the potential damage.