Id Theft Presentation


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  • Identity Theft - “When Bad Things Happen To Your Good Name” In the course of a busy day, you may write a check at the grocery store, charge tickets to a ball game, rent a car, mail your tax returns, call home on your cell phone, order new checks or apply for a credit card. Chances are you don’t give these everyday transactions a second thought. But someone else may. The 1990’s spawned a new variety of crooks called identity thieves. Identity theft is a serious crime. People whose identities have been stolen can spend months or years – and thousands of dollars – cleaning up the mess the thieves have made of their good name. REAL STORY: from a consumer complaint to the FTC, January 2, 2001 My purse was stolen in December 1990. In February 1991, I started getting notices of bounced checks. About a year later, I received information that someone using my identity had defaulted on a number of lease agreements and bought a car. In 1997, I learned that someone had been working under my Social Security number for a number of years. A man had been arrested and used my SSN on his arrest sheet. There’s a hit in the FBI computers for my SSN with a different name and gender. I can’t get credit because of this situation. I was denied a mortgage loan, employment, credit cards, and medical care for my children. I’ve even had auto insurance denied.
  • Id Theft Presentation

    1. 1. “ When bad things happen to your good name ”
    2. 2. What is Identity Theft? <ul><li>Someone uses your name or personal information to </li></ul><ul><li>To open credit card accounts or use existing accounts </li></ul><ul><li>To take out a loan </li></ul><ul><li>To make a major purchase </li></ul><ul><li>To access bank accounts </li></ul><ul><li>To file fraudulent tax returns </li></ul><ul><li>Or even commit a crime! </li></ul>
    3. 3. U.S. General Accounting Office Report: <ul><li>1 in 5 families have been victims </li></ul><ul><li>9.9 million victims in 2003 </li></ul><ul><li>27 million Americans have been victims in last 5 years </li></ul><ul><li>Victims may spend over 175 hours & over $10,000 per incident to resolve these problems </li></ul>
    4. 4. More Statistics <ul><li>Visa & MC reported $114 Million in losses – up 43% in 2000 </li></ul><ul><li>$53 billion in losses - 2002 </li></ul><ul><li>Average time to learn you have been victimized – 15 months! Many victims don’t even know! </li></ul><ul><li>Many identity theft related crimes go unreported. </li></ul><ul><li>California ranks 1 st for Identity Theft Crimes, followed by Texas and Florida </li></ul>
    5. 5. More Statistics Alabama the Beautiful <ul><li>2216 ID Theft Complaints in 2004 </li></ul><ul><li>Credit Card Fraud - 28% </li></ul><ul><li>Phone or Utilities Fraud - 19% </li></ul><ul><li>Bank Fraud – 18% </li></ul><ul><li>Top Cities: </li></ul><ul><li>Birmingham Mobile Montgomery </li></ul>
    6. 6. Are you at risk ? Test your “Identity Quotient”.
    7. 7. <ul><li> You receive offers of pre-approved credit every week (5 points) and, if you decide not to accept, you do not shred them before putting them in the trash. (5 points) </li></ul> You carry your Social Security Card in your wallet. (10 points)
    8. 8. <ul><ul><ul><ul><li> Your Driver’s License has your SSN printed on it and you have not contacted the DMV to request a new license. (10 points) </li></ul></ul></ul></ul> You do not have a PO Box or a locked, secured mailbox. (5 points)
    9. 9. <ul><li> You drop off your outgoing mail at an open, unlocked box or basket. (10 points) </li></ul> You carry your military ID in your wallet at all times. (10 points)
    10. 10. <ul><li> You do not shred or tear banking and credit information when you throw it in the trash. (10 points) </li></ul><ul><li> You provide your Social Security number (SSN) whenever asked. (10 points) </li></ul><ul><ul><li>Add (5 points) if you provide it orally without checking to see who might be listening. </li></ul></ul>
    11. 11. <ul><li> You are required to use your SSN as an employee ID or at college as a student ID number. (5 points) </li></ul> Your SSN is printed on an employee badge you wear at work. (10 points)
    12. 12. <ul><li> Your SSN or Driver’s License Number is printed on your personal checks. (10 points) </li></ul> You are listed in a “Who’s Who” Guide. (5 points)
    13. 13. <ul><li> You carry your insurance card in your wallet and it contains your SSN or your spouse’s SSN. </li></ul><ul><li>(10 points) </li></ul> You have not ordered a copy of your credit report for at least two years. (20 points)
    14. 14. <ul><li> You do not believe that people would root around in your trash looking for credit or financial information. (10 points) </li></ul>
    15. 15. What your score means: <ul><li>100+ points: You are at high risk. You should purchase a paper shredder, become more security aware in document handling. </li></ul><ul><li>50-100 points: Your odds of being victimized are about average ; higher if you have good credit. </li></ul><ul><li>0-50 points: Congratulations. You have a high security “IQ”. Keep up the good work! </li></ul>
    16. 16. How ID Theft Occurs <ul><li>They steal wallets & purses containing your identification and credit and bank cards. </li></ul><ul><li>They steal your mail. </li></ul><ul><li>They look through your trash & retrieve a discarded bill or credit application. </li></ul><ul><li>They go through your mailbox. </li></ul><ul><li>They complete a “change of address” form. </li></ul>
    17. 17. Identity Thieves: <ul><li>Say they work for a bank or credit reporting agency when they ask for your SSN over the phone. </li></ul><ul><li>Pose as landlords, lawyers, or other officials who have authority to access your personal information. </li></ul><ul><li>Use personal information you share on the Internet. </li></ul>
    18. 18. How ID Thieves use your information: <ul><li>They establish a new ID. </li></ul><ul><li>They pretend to be you. </li></ul><ul><li>They establish phone or wireless service in your name. </li></ul><ul><li>They open a bank account and write bad checks. </li></ul><ul><li>They file for bankruptcy under your name to avoid eviction or payment of new debt incurred under your name. </li></ul>
    19. 19. <ul><li>They counterfeit checks or debit cards, and drain your bank account. </li></ul><ul><li>They buy cars by taking out auto loans in your name. </li></ul><ul><li>They give your name to the police during an arrest. If they don’t show up for their court date, an arrest warrant is issued in your name. </li></ul>How ID Thieves use your information:
    20. 20. The Loot: Your Personal Information <ul><li>ATM Card </li></ul><ul><li>Bank Account Information </li></ul><ul><li>Bills </li></ul><ul><li>Calling Card </li></ul><ul><li>Checks </li></ul><ul><li>Credit & Debit Cards </li></ul><ul><li>Credit Report </li></ul><ul><li>Name & Address </li></ul><ul><li>Passwords </li></ul><ul><li>Personnel Records </li></ul><ul><li>Pre-approved Credit Card Offers </li></ul>
    21. 21. Social Security Number – to give or not to give?? <ul><li>Why do you need my Social Security Number? </li></ul><ul><li>How will my SSN be used? </li></ul><ul><li>What law requires me to give you my SSN? </li></ul><ul><li>What will happen if I don’t give you my SSN? </li></ul>Remember – The decision is yours.
    22. 22. Minimize Your Risk <ul><li>Carry with you only the ID & the # of debit and credit cards you’ll need. </li></ul><ul><li>Don’t carry your Social Security card. </li></ul><ul><li>Give your SSN only when absolutely necessary. </li></ul><ul><li>Try to memorize passwords. </li></ul><ul><li>Don’t use obvious codes for PIN numbers. </li></ul><ul><li>Don’t give out personal information over the phone. </li></ul>
    23. 23. Minimize Your Risk <ul><li>Guard your mail & trash. </li></ul><ul><li>Use a shredder. </li></ul><ul><li>Never leave receipts behind. </li></ul><ul><li>Keep your eye on the cashier. </li></ul><ul><li>Stay focused during transactions. </li></ul><ul><li>Be aware of “Shoulder Surfers!” </li></ul><ul><li>Do not make purchases from unsecured internet sites. </li></ul><ul><li>If online 24/7; turn off computer when not in use. </li></ul>
    24. 24. GET SECURE <ul><li>ATM, Credit & Debit Cards </li></ul><ul><li>Bills, Bank Statements, & Other Records </li></ul><ul><li>Calling Cards </li></ul><ul><li>Credit Reports </li></ul><ul><li>Mail </li></ul><ul><li>Online Payments </li></ul><ul><li>Passwords </li></ul><ul><li>Personal Information </li></ul><ul><li>Pre-approved Credit Card Offers </li></ul><ul><li>Work Records </li></ul>
    25. 25. If You’re a Victim <ul><li>Report ID Theft to the three major credit bureaus. </li></ul><ul><li>Close the accounts that you know or believe have been tampered with or opened fraudulently. </li></ul><ul><li>File a police report with your local police or in the community where identity theft took place. </li></ul>
    26. 26. To Report Fraud <ul><li>Credit Bureaus: </li></ul><ul><li>Equifax - 800-525-6285 </li></ul><ul><li>Experian - 888-397-3742 </li></ul><ul><li>TransUnion - 800-680-7289 </li></ul><ul><li>Go online: </li></ul>
    27. 27. To Report Fraud <ul><li>Contact the Federal Trade Commission’s (FTC) ID Theft Hotline </li></ul><ul><li>Toll Free 1-877-438-4338 </li></ul>
    28. 28. To Report Fraud <ul><li>Contact: U.S. Postal Inspection Service Toll Free - 800-275-8777 </li></ul><ul><li>Social Security Administration Toll Free – 800-772-1213 </li></ul>
    29. 29. It’s The Law <ul><li>Identity Theft and Assumption Deterrence Act of 1998 (Federal law enacted by Congress making identity theft a crime) </li></ul>
    30. 30. It’s The Law <ul><li>Conviction for Identity Theft carries a maximum penalty of 15 years imprisonment, a fine and forfeiture of any personal property used or intended to be used to commit the crime. </li></ul><ul><li>48 States currently have State Laws </li></ul><ul><li>In Alabama Code § 13A-8-190 through 201 </li></ul>
    31. 31. FACT Act <ul><li>Signed into law on December 3, 2003 </li></ul><ul><li>Allows consumers one free credit report each year from each agency </li></ul><ul><li>Requires creditors who lent money in your name to an ID Thief help you clear your name </li></ul><ul><li>Creates one place where you can have a fraud alert placed on your credit history that will be honored across America </li></ul><ul><li>Becomes effective June 1, 2005 in Alabama </li></ul>
    32. 32. For more information, contact: Isaac B. Chappell, Jr. Regional Extension Agent 1702 Noble Street, Suite 108 Anniston, AL 36201 Phone: (256) 237-1621 [email_address]