Identity Theft

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					SECU Credit Union
   Identity Theft
       Could this
     happen to you?

 Missing mail/bank statements
 Unauthorized credit card charges
 Collection calls
 Telephone call concerning approved
  or denied credit
          You could be
          the victim of
         Identity Theft.

Did you know that 60% of victims don’t know how their
                identity was stolen?
    What Will They Do??

Change your address
Open new credit cards, bank accounts
Cell phone
File Bankruptcy
Buy a Car
Get a Drivers License
Get a Job/ file a tax return
Give your name during arrest
Then What Happens?

  Job Opportunities


  Loans (education, housing, car)


  Get Arrested!
How is your identity stolen?
       Mailbox
       Family and Friends
       Co-workers
       Your home
       Credit card offers
       Stolen purse or wallet
       Trash
How is your identity stolen?

Sharing personal information
Info obtained through telephone solicitations
Phishing- Thieves pretend to be financial
institutions or companies and send spam or
pop-up messages to get you to reveal your
personal information.
How are you affected?

 Unsuspected bills

 Bad credit

 Monetary losses

 Time and stress
What you should do if
you become a victim

   File police report
   Contact credit union/bank
   Contact credit card companies
   Contact local post office
   What you should do if
   you become a victim
Contact Social Security Administration Fraud
1-800-269-0271 (Open 10-4)
Contact the major credit bureaus and add
either a 90 day fraud alert to your credit report
or an extended fraud alert which lasts for 7
years (you may need to provide more info)
File a complaint with the Federal Trade
Commission (FTC.GOV) 1-877-FTC-HELP
              What happens
         if the thief is caught?

              Penalties Federal Crime
Identity Theft & Assumption Deterrence Act (1998)

Imprisonment for up to 25 years, fines & forfeiture of
                     property

  Identity Theft Penalty Enhancement Act (2004)

       Consecutive sentences for aggravated
          Identity Theft without probation
How to Protect Your Identity

Promptly remove mail from mailbox
Order free credit report annually
Stop newspapers and mail when on
vacation
Reconcile bank/credit card statements
(know your billing cycle)
How to protect your identity

Do not give out pin numbers
Stop telemarketers (donotcall.gov)
Be careful of disclosing personal info over the
phone, via the Internet, on applications or through
mail (scams)
Store items that have account numbers in a secure
place or shred (Diamond Cut shredders are the best.)
        How to be prepared
                     DO
Be aware of scams. Be cautious of any calls
asking for personal information
Limit the amount of mail received by using direct
deposit and online banking
Do not leave your personal information sitting
out for others to see
Use Strong Passwords (1LFHA6c) “I love Felix,
he’s a good cat”
                                         FYI

    In cases where the method of
    identity theft was known, 79% of
    information was obtained offline
    versus only 11% obtained online.


Derived from Card Services for Credit Unions
      How to be prepared

                  DO
Make copies (of both sides) and keep in
             a safe place:

   credit cards
   drivers license
   financial institution's information
   medical cards- sometimes have SSN
   any personal identifications
       How to be prepared

                 DO NOT
 Leave receipts at teller/store counters, ATMs, gas
  stations
 Include your SSN or driver’s license number on
  checks – Have only your initials (instead of first
  name) and last name put on them. (If someone
  takes your checks they will not know how you sign
  your checks but your financial institution will know
  because they have your signature card.)
   How to be prepared
               DO NOT
 Place outgoing mail in unsecured boxes

 Carry more credit cards & IDs than
  necessary

 Carry your Social Security Card in your
  wallet

 Write your complete credit card or account
  number in the “For” or “Memo” line instead
  but the last four numbers
        College Students

Nationwide survey results conducted by
Impulse Research on behalf of Chubb Group
of Insurance Companies found:

49% of college students receive credit card
applications on a daily or weekly basis
30% of college students throw out these
solicitations without destroying them
          College Students

When asked how often they reconcile their credit
card and checking accounts; Nearly 58% of
students said rarely or never.

Although federal law prohibits the practice, almost
half of the respondents (48%) said that their
teachers still publicly post grades using social
security numbers for identification.
              Seniors

Nearly 1/3 of all telemarketing fraud
victims are age 60 or older
AARP studies show that older
telemarketing fraud victims don’t realize
that the voice over the phone could
belong to someone who is trying to steal
their money.
                         For Everyone
Red Flags:

     A promise that you can win money, make money, or
     borrow money easily
     A demand that you act immediately or else miss out
     on this great opportunity
     A refusal to send you written information before you
     agree to buy or donate
     An attempt to scare you into buying something
     Insistence that you wire money or have a courier
     pick up your payment
Derived from Fraud.org
           For Everyone

You must dispute billing errors within 60 days
after the bill containing the error was mailed
to you. Complain by certified letter, return
receipt requested and mail it to the issuers
address for “billing inquiries” not the payment
address.
If you have disputed an item on your credit
card the issuer can’t impose finance charges
on it so only pay the charges not in dispute.
                         For Everyone
     Avoid filling out contest entry forms
     Ask companies you do business with not
     to share your information with other
     marketers.
     Pick up boxed checks, do not have them
     mailed.
Derived from Fraud.org
        Helpful Phone Numbers
  Credit Bureau Opt-Out-Line for credit and insurance
  related offers 888-567-8688;
  www.optoutprescreen.com
  Experian Opt-Out for non-credit offers 402-458-5247

Credit Bureaus:
  Equifax: 1-800-685-1111 or Fraud: 1-888-766-0008
  Experian: 1-888-397-3742
  TransUnion: 1-800-888-4213
  www.annualcreditreport.com 1-877-322-8228
   More helpful information
Direct Marketing Association
Remove your name from telemarketing and mail lists of major
companies (you’ll still hear from them if you are current
customer).
For telemarketing lists, write to Telephone Preference Service,
DIRECT MARKETING ASSOCIATION, P.O. BOX 282,
CARMEL NY 10512 or go to
http://www.dmaconsumers.org/cgi/offtelephonedave. Include
your phone number.
For mail lists, write to MAIL PREFERENCE SERVICE, DIRECT
MARKETING ASSOCIATION, P.O. BOX 282, CARMEL NY
10512 http://www.dmaconsumers.org/cgi/offmailinglistdave.

National Fraud Information Center
Get advice about telemarketing offers and report suspected
fraud through this hotline operated M-F, 9 a.m. to 5 p.m., by the
National Consumers League, 800-876-7060, www.fraud.org.
       Helpful Websites
www.consumer.gov/sentinel
www.ftc.gov
www.fraud.org
www.privacyrights.org/
www.oag.state.md.us/Consumer/index.htm
(Consumer Protection Division in Maryland)
   Thank you!
SECU Credit Union
   SecuMd.org
 1-800-879-7328

				
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