During the process of disaster recovery testing, many people discover mitigative tools and techniques that would speed up recovery. For example, corporations may find better technology or supply-chain management organizations that can help. However, for our purpose, we have developed this article to help regular families develop a disaster recovery testing to help them better understand their vulnerability during a disaster.
The following scenario was developed by Practical Emergency Kits to help families with their disaster recovery testing. Use the scenario to discuss how your family would respond to a similar disaster, and the recovery time it would take to get back to normal. After debating the scenario take the time to research all mitigative techniques and tools that would help speed up your recovery time, i.e., theft monitoring services.
Disaster Recovery Testing For Identity Theft
Scenario: You’re applying for a home mortgage only to find out that someone fraudulently stole your identity, purchased a home and sold it. Your credit rating has been drastically reduced, and you won’t qualify for any credit cards or mortgages.
Subscribe to Identity Theft Monitoring
We strongly recommend preventing identity theft by researching and subscribing to third party identity theft monitoring companies. While we won’t provide you with a list of companies, we will offer you a list of the services you should expect from the company. The best of these types of companies should provide the following:
• Online Identity Monitoring (Public, Underground, Black Market)
• Identity Theft Restoration & Assistance
• Emergency Cash
• Secure Cloud-Backup of all your identification (Driver’s License, Bank Cards, Debt, etc.)
• Fraud Alerts SMS/Text/E-mail
• Free Check Replacement
• Credit Score Reports (Monthly or Quarterly)
• Historical Scan of your identity
Identity theft happens everyday and criminals use personal details to open bank accounts, purchase goods or services. The above scenario has occurred and is only one of thousands of scams people can do with your identification.
Learn to save 10% of your pay-check
From this day forward, save 10% of your paycheck and put it aside in a high-interest savings account. If you make $250 a week, set aside $25. If you make $100, put aside $10, you get the point. Whatever it is you should be able to put 10% or 1/10th of your paycheck in an emergency fund. Use this money if and when you encounter an emergency or disaster. Losing your job, getting hacked, surviving an earthquake, etc. Having access to these funds is crucial during a crisis and is the most important thing you can do to survive any emergency.
Ideally, you want to save 3 months worth of expenses, including all your bills and mortgage payments. For example, if your total costs for one month is $2500, your goal should be to save $7,500. This will give you enough time to respond to any emergency and give you the latitude you need to get back on your feet. Also, don’t forget to store an emergency kit and emergency food as part of your disaster recovery testing. Having these types of emergency essentials ensures you're prepared for anything.