Identity Theft

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					Identity Theft
   Tiffany Setzer
         &
 Cassie Conkwright
What ID Theft Is!!


• Identity theft is when someone steals your
 personal identity such as social security
 number, credit card information, and your
 name without your permission.
Statistics

• 1.4 percent of survey participants, representing 3.2 million
  American adults, reported that the misuse of their information was
  limited to the misuse of one or more of their existing credit card
  accounts in 2005.

• 1.5 percent of participants, representing 3.3 million American
  adults, reported discovering in 2005 the misuse of one or more of
  their existing accounts other than credit cards—for example,
  checking or savings accounts or telephone accounts—but not
  experiencing the most serious form of identity theft.

• 0.8 percent of survey participants, representing 1.8 million
  American adults, reported that in 2005 they had discovered that
  their personal information had been misused to open new
  accounts or to engage in types of fraud other than the misuse of
  existing or new financial accounts in the victim’s name.
The Federal Trade Commission

• The FTC deals with issues that touch the
 economic life of every American. It is the
 only federal agency with both consumer
 protection and competition jurisdiction in
 broad sectors of the economy.
Deter, Detect, & Defend
• Deter is when you minimize your risk by
  making it more difficult for identity thieves
  to access your information.
• Detect is when you monitor your accounts
  and bank statements each month and
  check credit reports regularly.
• Defend are steps to recovery from identity
  theft.
Steps to Defend
• Place a fraud alert on your credit reports,
    and review your credit reports.
•   Close the accounts that you know, or
    believe, have been tampered with or
    opened fraudulently.
•   File a complaint with the Federal Trade
    Commission.
•   File a report with your local police or the
    police in the community where the identity
    theft took place.
Signs of Identity Theft
• Bills and statements are arriving late or not
    arriving at all to your residence.
•   Collection agencies or creditors are contacting
    you regarding accounts you don’t have or show
    charges for which you’re not responsible.
•   Financial account statements show withdrawals
    or transfers you didn't make.
•   You are turned down when you apply for credit
    for which you should be financially qualified.
•   You receive bills from companies you don’t
    recognize.
Identity Theft Tips
• Install virus and spyware detection software and keep them
    updated.
•   Install a lockable mailbox at your residence to reduce mail theft.
•   Take credit card receipts with you. Never toss them in a public trash
    container.
•   Never leave your purse or wallet unattended at work or in church,
    restaurants, health fitness clubs, parties, or shopping carts. Never
    leave your purse or wallet in open view in your car, even when your
    car is locked.
•   Destroy all checks immediately after you close a checking account.
    Destroy or keep in a secure place any courtesy checks that your
    bank or credit card company sends to you.
•   Do not have your bank send your new checks to your home
    address. Tell the bank that you prefer to pick them up.
•   Reconcile your check and credit card statements in a timely fashion,
    and challenge any purchases you did not make.
•   Limit the number of credit cards you have, and cancel any inactive
    accounts.
Tips cont.

• Destroy all checks immediately after you close a checking account. Destroy
   or keep in a secure place any courtesy checks that your bank or credit card
   company sends to you.


• Do not have your bank send your new checks to your home address. Tell
   the bank that you prefer to pick them up.


• Reconcile your check and credit card statements in a timely fashion, and
   challenge any purchases you did not make.


• Limit the number of credit cards you have, and cancel any inactive
   accounts.
How to file a complaint
Free Credit Reports

• www.freecreditreport.com
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