Identity theft can be best described as fraud perpetrated by a criminal who assumes someone else’s identity in order to profit illegally by fraudulent means.
Identity theft is also known as identity fraud, ID theft, or ID fraud.
Types of Identity Theft:
Financial Identity Theft
Medical Identity Theft
Criminal Identity Theft
Children & Identity Theft
Seniors & Identity Theft
Social Security Number Theft
Financial Identity Theft:
Credit & Debit Card Fraud
Investment Account Fraud
Checking & Savings Account Fraud
Mortgage & Other Loan Fraud
Medical Identity Theft:
One of the fastest growing forms of identity theft in the U.S. today.
Leave you with thousands of dollars in medical bills.
Could alter your medical records, jeopardizing your life.
Most difficult form of ID theft to prevent or detect.
Criminal Identity Theft:
Thieves commit crimes while using your identity.
The thieves deceive law enforcement agency into assigning a crime to an ID theft victim.
The ID theft victim could be jailed or arrested for a crime they know nothing about.
Once a name is assigned to a crime it is hard to prove the law different.
Children & Identity Theft:
Children are vulnerable to ID theft because their parents are not likely to check the child’s credit report.
Parents do not become aware of the ID theft until the child applies for their first credit transaction. (i.e. financial aid, buying a cell phone, buying a car, or applying for a job that requires a credit check.)
Seniors & Identity Theft:
ID theft thieves always target at seniors.
Crimes of deception & finance are traditionally aimed at seniors.
Seniors are more susceptible to crimes of deception.
Seniors do not check the credit reports as often as they should.
ID thieves know with seniors there are less likely to be detected.
SSN Identity Theft:
Thieves can easily commit crimes with someone’s SSN.
With the “new” SSN thieves are able to create a new identity.
Assume you identity and biographical information.
SSN ID theft combined with a different name is also known as synthetic ID theft.
Preventing Identity Theft:
Deny pre-approved credit cards.
Destroy papers that have access to your credit.
Check your credit regularly.
Do not give out personal information.
Monitor all of your statements.
Do not reply to emails unless you know who they came from.
Do not leave your bills in your mailbox.
Create hard to guess passwords.
Never take your Social Security card with you.
Be careful using your credit card or ATM card.
Identity theft happens everyday. Do not think that for one second it will not happen to you. One in every five Americans have experienced identity theft. It can happen to anyone, even you! Thank you for your time! Jessie McHale