Definition• Identity theft is a form of stealing someones identity in which someone pretends to be someone else by assuming that persons identity.• Typically in order to access resources or obtain credit and other benefits in that persons name.
What identity thefts are looking for?• Full name• Date of birth• Social Insurance Numbers• Full address• Mother’s maiden name• Username and password for online services• Drivers license number• Personal identification numbers (PIN)• Credit card information (numbers, expiry dates and the last three digits printed on the signature panel)• Bank account numbers• Signature• Passport number
What they do with the information?• Access your bank accounts• Open new bank accounts• Transfer bank balances• Apply for loans, credit cards and other goods and services• Make purchases• Hide their criminal activities• Obtain passports or receive government benefits
How to know if your identity wasstolen?• Frequently monitor your: Hard copy, on-line financial accounts and your credit card reports for any unusual activities• Investigate further if you find out there is unfamiliar accounts in your name• You have applied for credit and are unexpectedly turned down
What to do if identity is stolen?• Report it to the police• Inform your bank and credit card companies• 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• It is important to do all these steps as soon as you find out your identity is stolen
How to prevent my identity to bestolen?• Always keep your personal data private • Keep your data secure with passwords or in a locked storage device • Never pay your bills on a public Wi-Fi hotspot• Keep key personal information on social networking sites private• Be sure of the applications you download• Watch where you leave your phone (Do not let anyone use your phone without your supervising)• Make sure you report identity thief as quickly as possible (The sooner you act, the less you will lose and the more likely law enforcement can catch the fraudsters)
Identity thefts increasing• It is important to be aware of the problem• Compared to 2010, in year 2011 identity theft incidents increased 13 present• Reason? • The use of smartphones and social media has been increasing-> more opportunities for the thefts 2011 statistics of identity crimes