IDENTITY THEFT REPORTS ON THE RISE
(Submitted by Adele El-Ayoubi. C.P.S.)
Complaints about Identity Theft are
on the rise. It is the fast growing
crime that topped the government’s
list of consumer frauds for a third
year in a row.
The Federal Trade Commission reports that 43%
of roughly 380,000 complaints involved the hijacking of
someone’s identity information, such as credit cards or
social security numbers, to steal money or commit fraud.
“We didn’t lose our credit card, nothing has been
stolen and we use a shredder to grind up anything with our
social security number or
credit card number on it
We have not charged
anything on the Internet in
several years. So we were
surprised to find over $900
in charges on our December
Charge statement all made
on the west coast for items
that we did not purchase and
we live in Ann Arbor and
have not been traveling.”
An Ann Arbor Resident and
a Block Captain, who
wanted to share this information with others, submitted the above. They did
everything that they were supposed to do; the most
important is that they checked their monthly statements.
Identity Theft bandits may victimize up to 700,000 people
in the United States each year, the Justice Department
says. It costs the average victim more that $1,000 in
expenses to cope with the damage to their accounts and
reputations, the Federal Trade Commission said.
WHAT IS IDENTITY THEFT?
Identity Theft is best defined as when someone acquires
key pieces of another’s personal information to:
Impersonate that person, or to commit crimes in that
person’s name, or to:
Aid and abet in committing a crime in that person’s name,
or to: Sell or market personal information.
PREVENTION
PROTECTING WHAT YOU KNOW:
If you record personal identification (PIN) numbers and
passwords place them in a secure place.
Never select a personal identification (PIN) number or
password using a recognizable number (street address
number, telephone, date of birth) or names that can be
researched such as your mother’s maiden name
• Change passwords regularly
• Be aware of shoulder surfers
Walk away from ATMs that have unusual directions or
instructions or special software attached.
Never give your password or personal identification (PIN)
number to anyone, not in person, by phone, fax or via the
Internet
In the event your password or PIN numbers were
compromised, change them immediately.
PROTECTING WHAT YOU HAVE:
• Limit the number of credit/debit cards
you carry.
• Always check your bank statements and
utility bills.
• Make copies of front and back of all
your identification and store in a secure
place.
• Report any stolen/lost financial
transaction devices including checks to
the financial institution immediately.
• Never give your credit card number over the phone or the
Internet except for secure commerce.
• Shred all credit card offers you receive in the mail.
• Never provide social security numbers or credit card
numbers as identification for checks.
• Safeguard ATM debit/credit card receipts.
• Use a locked mailbox.
• Do not leave payment checks in mailbox.
• Minimize use of social security number. Do not give it out.
• Destroy old check stock, keep new checks locked in a safe
place. do not have new orders mailed to your home.
• Order your Social
Security Earnings and
Benefits Statement once
a year to check for fraud.
• Request an annual credit
report from one of the three
major credit-reporting
agencies.