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Identity Theft & Account Fraud

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company names mentioned herein are for identification and educational purposes only and are the property of, and may be trademarks of, their respective owners.

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  • 1. Welcome to ID Theft & ACCOUNT FRAUD a Prevention & Cleanup © 2012 MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 2. What will you learn?  During this presentation you will learn: • How ID theft and account fraud happen • The effects of ID theft and account fraud • How to avoid becoming a victim MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 3. What is ID theft and account fraud?  When someone steals another person’s personal information to commit fraud MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 4. Other types of ID theft  Medical ID theft  Theft of a child’s identity MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 5. Theft of a deceased person’s identity MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 6. Criminal ID theft MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 7. How do thieves get your information? MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 8. Data breach MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 9. The costs of identity theft  Average fraud amount per victim in 2010: $4,607  Estimated out-of-pocket cost for victims of ID theft in 2010: $631  Victims may spend more than 100 hours cleaning up a newly opened fraudulent account. MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 10. ID theft prevention MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 11. Specialty reports Medical Information Bureau (MIB) MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 12. Specialty reports Residential tenant reports MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 13. Check writing history reports MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 14. Employment data reports  The Work Number maintains information on approximately 25 million employees.  800-996-7566  www.theworknumber.com MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 15. Insurance claims reports  Informs insurers about claims you have made against your homeowners or automobile insurance policies  LexisNexis C.L.U.E.: 866-312-8076  Insurance Services Office (ISO) A-Plus: 800-627-3487 MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 16. Employment background check reports  LexisNexis Employment History Report  866-312-8075  personalreports.lexisnexis.com/em ployment_history_report.jsp MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 17. Internet safety MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 18. Active duty alert MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 19. Already an ID theft victim? MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 20. ID theft cleanup  File a police report.  Contact appropriate state and federal law enforcement agencies.  Complete a free ID theft affidavit from the FTC: www.ftc.gov/idtheft. MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 21. Fraud alerts What is a fraud alert?  Credit bureaus will work with you to verify information and delete fraudulent data in reports.  Place a minor alert if you suspect your child’s identity has been stolen. MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 22. Freeze your credit MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 23. Shopping for ID theft services MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 24. Dealing with collection agencies MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 25. MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 26. Non-profit resources  Consumer Action: www.consumer-action.org  Identity Theft Resource Center: www.idtheftcenter.org  National Fraud Information Center: www.fraud.org MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 27. Non-profit resources  Privacy Rights Clearinghouse: www.privacyrights.org  AARP: www.aarp.org/money/scams-fraud/  Nat’l Assoc. of Attorneys General (NAAG): www.naag.org MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
  • 28. Visit money-wise.org for additional information and to access free financial education materials MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP