Welcome to

ID Theft
& ACCOUNT
FRAUD
a

Prevention & Cleanup

© 2012

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERS...
What will you learn?
 During this presentation you will learn:

• How ID theft and account fraud
happen
• The effects of ...
What is ID theft and account fraud?

 When someone steals another
person’s personal information
to commit fraud

MoneyWI$...
Other types of ID theft

 Medical ID theft
 Theft of a child’s identity

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PAR...
Theft of a deceased person’s identity

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Criminal ID theft

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
How do thieves get your information?

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Data breach

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
The costs of identity theft
 Average fraud amount per victim in
2010: $4,607
 Estimated out-of-pocket cost for
victims o...
ID theft prevention

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Specialty reports

Medical Information Bureau
(MIB)

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Specialty reports

Residential tenant reports

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Check writing history reports

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Employment data reports
 The Work Number maintains
information on approximately 25
million employees.
 800-996-7566

 w...
Insurance claims reports
 Informs insurers about claims you
have made against your
homeowners or automobile
insurance pol...
Employment background
check reports
 LexisNexis Employment History
Report
 866-312-8075

 personalreports.lexisnexis.co...
Internet safety

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Active duty alert

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Already an ID theft victim?

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
ID theft cleanup
 File a police report.
 Contact appropriate state and federal law
enforcement agencies.

 Complete a f...
Fraud alerts
What is a fraud alert?
 Credit bureaus will work with you to verify
information and delete fraudulent data i...
Freeze your credit

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Shopping for ID theft services

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Dealing with collection agencies

MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Non-profit resources
 Consumer Action:
www.consumer-action.org
 Identity Theft Resource Center:
www.idtheftcenter.org
 ...
Non-profit resources
 Privacy Rights Clearinghouse:
www.privacyrights.org
 AARP:
www.aarp.org/money/scams-fraud/
 Nat’l...
Visit money-wise.org
for additional information and to access
free financial education materials

MoneyWI$E
A CONSUMER ACT...
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Identity Theft & Account Fraud

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Identity Theft & Account Fraud

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