Affidavit Sample Letters Theft by Deception - PowerPoint by xhz10411

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    What’s the common thread?
     What do the following individuals all have
     in common?
       Tiger Woods
       Oprah Winfrey
       Ted Danson
       Steven Spielberg
       Martha Stewart
       Ross Perot
       Michael Bloomberg
       Warren Buffet
     They have all been victims of
     identity theft.
     It’s the “crime of the century”.
     Victims come from all walks of life, all
     ages, races, genders, educational levels,
     financial backgrounds, locations.
     It could happen to you or someone you
    How this program will help
     Today, you will learn about:
       What Identity Theft is
       How widespread ID theft is
       How ID fraud is committed and what its
       consequences are
       Steps you can take to protect yourself
       What to do if it happens to you
       New protections under Federal Law

    Understanding the crime
     ID theft is a crime in which a person’s
     personal data is wrongfully used in a
     manner that involves fraud or deception.
     Can also entail the wrongful use of an
     entity’s identity, such as a business.
     It is usually, but not always, for financial
     No one is immune.

    ID Theft is rampant.
     Tens of millions of Americans have
     become victims within the last five years
     9.9 million became victims in one recent
     year alone!
     Gartner Group estimates than one in every
     50 consumers has been a victim of identity
     theft -- and it’s getting worse.
     Has it happened to you or a loved
    ID Theft is rampant.
     Every 60 seconds, at least another 18 or
     19 individuals become ID fraud victims in
     the United States.

    Even in your own house . . .
     Within your own house or business your
     personal information may be stolen by:
       felonious family members
       sticky-fingered housekeepers
       crooked bookkeepers
       unsupervised repair workers
       party guests
       visiting “friends”
    Other ID Theft Avenues
     Theft of mail
     Misuse of information by an employee of a
     business who has your personal data or
     someone who cons or bribes them into
     releasing it
     Dumpster diving
     Snooping on cordless
 More ID Theft Avenues
     Stealing a purse or wallet
     Hijacking your mail by submitting a change
     of address form
     Conning you into releasing information
     based upon lies about who or what they
     are and the real purpose of their call

 Recent ID Theft cases
     Stealing identities of kids
       One individual stole identities of
       schoolchildren and provided it to an income
       tax preparer who then “sold” it to clients who
       wanted to claim dependents. Another stole
       information on kids who were patients in the
       children’s hospital where he worked and used
       it for a similar scheme.

 Recent ID Theft cases
     Housekeeper “cleans up”
       A Louisiana housekeeper was sentenced last
       year for illegally obtaining her employers’
       personal information, then opening charge
       accounts with that information.

 Recent ID Theft cases
     Information stolen from insurance
       Gang of individuals stole identity information
       from an insurance company’s records and
       obtained credit cards in those identities.
       A temporary insurance company employee
       stole bank account information of customers
       who paid through auto-debits, then initiated
       charges to those customers’ bank accounts.

 Recent ID Theft cases
     Hacker steals info from Kinko’s customers
       Juju Jiang installed special keylogging software
       on computer terminals located at Kinko's stores
       throughout Manhattan to surreptitiously record
       keystroking activity on those computers, and
       collect usernames and passwords of Kinko's
       customers. He then used the information to
       access bank accounts belonging to those
       persons, and fraudulently open on-line bank

 Recent ID Theft cases
     False identity used for over 20 years
       After stealing identity documents, the thief
       assumed the victim’s identity. She got a
       driver’s license, filed for bankruptcy, and was
       arrested using the stolen identity.
       A husband and wife team stole identities of
       many individuals who were deceased, then
       opened bank accounts and obtained credit
 Recent ID Theft cases
     Stealing mail
       Mail was stolen in North Carolina by a person
       who used personal information from the mail
       to produce fake IDs and counterfeit checks in
       order to clean out the victims’ accounts.

 Recent ID Theft cases
     The latest scam -- “Phishing”
       Con artists send out emails that appear to be
       from a legitimate business or financial
       institution, citing some pretext to get the
       recipient to click a link to a phony customer
       service Web site and enter confidential
       In some instances, the individual
     only has to click the link and a keystroke
     logging program is installed!

 Bogus IDs
     Fake IDs are easily obtained via mail order
     or the Internet

 Altered IDs
     Some states do not have strong security
     features on their IDs, making them easy to
     counterfeit or alter.

 Consequences of ID Theft
     Can affect victim’s reputation, credit rating,
     ability to qualify for credit or employment
     Thief may clean out bank accounts with
     counterfeit checks, obtain credit, or use
     existing credit in the victim’s name
     The ID thief may rent a dwelling, establish
     phone service or utilities in the victim’s

 More Consequences of ID Theft
     ID thieves have committed virtually every
     crime -- from speeding to murder
     Victim’s time is needed to straighten out
     the mess -- sometimes as much as 500

 Consequences of ID Theft
     Emotional fall-out. Anger and
     depression are common among ID theft
     Some insurance companies are using
     credit scores to determine insurance
     premiums -- if there is ID fraud in your
     credit report, you could pay more
     Terrorists and other criminals could go
     undetected -- Remember John List?

 To protect yourself …
     Be careful about the information you give
     out over the phone or on the Internet
     unless you are sure you know who you’re
     dealing with
     Take a good hard look at what you’re
     carrying around in your wallet or purse.
     Leave your Social Security card – and
     anything that bears that number – in a
     secure place

 To protect yourself
     Make sure checks
     (used and unused),
     credit cards, bank
     records, and other
     personal information
     is carefully secured in
     your home or office,
     particularly if other
     people, whether
     workers or
     roommates, will be

 To protect yourself
     Guard your mail,
     your purse, your
     Secure your trash
     If you don’t use
     offers for credit, opt
     out of receiving
     them. Call 1-888-5-
 To protect yourself
     Be careful what you throw away.
     Statements from your doctor, checks on
     closed accounts, expired charge cards or
     IDs are treasures to thieves.
     Carry only the identification information
     and the number of credit and debit cards
     that you'll actually need.
     Talk to the financial institutions and
     brokerage firms where you have accounts
     about placing passwords on them.

 To protect yourself
     Choose passwords for online financial
     services wisely. Avoid anything easily
     guessed or learned via research.
     Ask about information security and data
     storage procedures of the companies you
     do business with.
     Give your SSN only when absolutely
     Keep up with your accounts. Check your
     banking, brokerage, and credit card
     statements immediately after receipt.
 To protect yourself
     Know your billing and statement cycles. If
     something is late, find out why.
     Cancel all unused credit accounts.
     Be wary of promotional scams.
     Don’t have your SSN or DL# printed on
     your checks.
     Make a photocopy of everything in your
     wallet or purse before you take out those
     things you don’t need to carry with you.
     Put the copy in a safe place.
     Pick up new check orders at the bank.
 To protect yourself
     Obtain a copy of your credit report once a
     year and take action if there is information
     about transactions or accounts you did not
     Consider signing up for a service that will
     monitor your credit report and any new
     credit accounts/inquiries for you and will
     notify you of changes.

 Despite your best efforts …
     You may still become a victim, because
     there are some risk factors outside your
     If you do become a victim, you will want to
     take immediate and appropriate corrective
     action to:
       close fraudulent accounts;
       clear yourself of responsibility for any debts or other
       criminal activities perpetrated in your name;
       Get your credit report corrected, and;
       Work with authorities to identify and prosecute the
 Steps to take
     Place fraud alerts on your credit reports with
     the three credit reporting agencies
     Make a police report and complete an Identity
     Theft Affidavit
     File an identity theft report with the Federal
     Trade Commission or appropriate state,
     federal, or local law enforcement agency
     Directly contact entities who opened
     accounts in your name at the thief’s behest
     Keep records of actions you take, including
     the time you devote.
 Steps to take - 2
     Create a contact list of those you speak to.
     Continue to monitor your credit report on a
     frequent basis.
     If an account (deposit or credit) has been
     tampered with, close it and open a new
     Sample dispute letters, forms, and a Chart
     of action can all be found on the FTC’s
     Web site at
     Follow up.
       Keep monitoring your credit report and accounts.
 Steps to take
     Create a contact list of those you speak to.
     Continue to monitor your credit report on a
     frequent basis.
     If an account (deposit or credit) has been
     tampered with, close it and open a new
     Sample dispute letters, forms, and a Chart
     of action can all be found on the FTC’s
     Web site at
     Follow up.
       Keep monitoring your credit report and accounts.
 New protections enacted!
     The FACT Act (Fair and Accurate Credit
     Transactions Act) was signed into law
     by President Bush in late 2003
     It increases the protections for
     consumers with respect to identity theft
     Some of its provisions were phased in
     and some are still not in effect yet

 Under the FACT Act
     A victim of identity theft now has a right to
     request copies of any application and/or
     transaction record relating to an account
     opened with their identifying information
     Customers will have a right to a free copy of
     their credit report once every twelve months,
     upon request
       Central source for making request
       Go to to order your
       free copies

 Under the FACT Act
     Those who place an initial fraud alert are
     entitled to an additional free credit report
     Persons who place an extended fraud alert in
     their file can obtain two free credit reports
     within a twelve month period after the fraud
     alert has been placed
     When a fraud alert is placed, you will get an
     explanation of your rights relating to free

 Under the FACT Act
     There is a new document explaining a
     consumer’s rights called “Summary of
     Rights of ID Theft Victims” that must be
     given in certain circumstances and may be
     obtained upon request from the FTC,
     There is a new “one call” system – notify one
     national credit reporting agency of actual or
     possible ID theft and they have to notify the
     There are 3 types of possible fraud alerts:
       Initial (suspicion of fraud)
       Extended (actual ID theft has been reported)
       Active Duty Military Alert
 Under the FACT Act
     If an initial fraud alert is placed, it must
     be furnished to users of credit reports
     and an individual has a right to a free
     copy of their credit report
     The alert remains in the file (and must
     be provided with credit score) for no
     less than 90 days
     If the person requests the free copy of
     their report, they are also to be given a
     Summary of Rights of ID Theft Victims
     within 3 business days
 Under the FACT Act - 3
     If the individual is actually a victim of ID
     theft, has filed a report, and requests an
     extended fraud alert, they are entitled to TWO
     free copies of their credit report within the 12
     month period after the alert request is made
     Active duty military and individuals who have
     requested an extended fraud alert are also
     removed from “prescreened lists” for a
     period of time
     Extended fraud alerts remain in the file for a
     7 year period

 Under the FACT Act - 4
     If there is a fraud or active duty military alert in the
     file, creditors cannot make new loans or open many
     kinds of new credit accounts for the individual
     unless they take reasonable steps to ensure the
     person requesting the credit or account is who they
     say they are.
     On an extended fraud alert, the individual can
     specify a particular phone number or other means of
     contact and that number or method must be used
     before a creditor can act on an application for credit
     that is supposedly from that individual

 Under the FACT Act
     The new law helps ID theft victims deal with
     the aftermath by:
       providing solid procedures and timelines for
       disputing inaccurate information reported to a
       credit reporting agency;
       Requiring credit reporting agencies to block
       information about accounts or transactions that
       are a result of identity theft
       Making it easier (and cheaper) for an individual to
       monitor his own credit history
       The Summary of Rights will explain how to use
       these rights.

 You’re ready to fight!
     You’re now armed with information
     about how to protect yourself against
     identity theft.
     It’s time to take action. Follow the
     steps outlined today.
     Educate your family members, co-
     workers, friends about Identity Theft
     and what they can do about it.
     Learn more about ID theft in articles,
     Q&As and resources on
     I’ve prepared a short list of resources
     to provide contact names and numbers,
     Web sites, sample forms, letters and
     More questions? You’ll find plenty of
     articles and resources on


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