WHAT IS A MILLENNIAL? Born between early 1980s and early 2000s Focused on once in a lifetime experiences over traditional purchases like homes and cars Make up about 25% of the US population Depend on social media for advice, connection and reinforcement The single biggest target of identity theft
WHAT IS IDENTITY THEFT (TO YOU)? You make up 15% of identity theft complaints You will spend twice as much time resolving your case Because it takes you 132 days to realize your identity has been stolen (nearly 3X longer than older generations) Every electronic device and social media account makes you a little more susceptible – smartphones and tablets, social media and e-commerce have increased the risk of identity theft More at risk for debit card fraud and more likely to have your debit card PIN stolen – young adults are preyed upon because they have unestablished credit, loose budgets and transient lifestyles
HOW ARE YOU TARGETED? SmishingKeyloggingAt WorkSocial Media Open Bar TabE-CyclingData BreachesSmart Devices Stealing personal information through text messages Recording the keystrokes of a victim to ascertain passwords etc. Stealing identifiable information from work is the new, trendy way to obtain personal info Hackers find unsecured accounts that share birth dates, phone numbers and zip codes Leaving your credit card at a bar or restaurant can cause unwanted effects Hackers can gain access to recycled computers that have not been wiped clean 9.5X more likely to have your ID stolen because of a large scale, business data breach 7% of smartphone owners are victims of ID theft – 1/3 higher rate than general public
AT WORK Companies of all sizes store a great deal of information about their employees: Name Social Security Number Birth Date Address This information is often on-site and stored digitally as well Leaves a company and each of it’s employees open to hackers as well as employees, vendors or visitors with sticky fingers Just because you don’t have a job doesn’t mean you aren’t at risk! Applicants are often asked for the same information as employees, and as a rule, question employers far less about information storage or if the employer is in fact legitimate
SOCIAL MEDIA Social media has become a breeding ground for identity fraud despite warnings from experts Users of social media disclose an incredible amount of personal information through posts and site biographies 68% of social media users share their birthdate publicly 63% share the name of their high school 18% share their phone numbers 12% share their pet’s name Now ask yourself…Do I use any of these to verify my identity for my bank account? My credit card? My school loans?
“SMART” DEVICES Using smart phones, tablets and other devices puts you at a higher risk of identity theft “Smart” devices enable us to buy clothes while we wait to catch a flight or update our bank account from a Starbucks. Unfortunately, operating your personal, financial business in public means you can never be certain of your privacy 32% of smartphone owners don’t update their devices to new operating systems that rarely come without a privacy upgrade 62% of “smart” device users don’t have a password on their home screen to protect their information 32% save login information to their devices Doing any of the above, gives someone looking to steal your identity easy access to your information
WHAT DO YOU LOSE? On average, victims of identity theft lose approximately $4,841 96 tanks of gas More than 1,200 Starbucks drinks Nearly 500 six packs of beer
WHAT DO YOU LOSE? On average, victims of identity theft lose 21 hours resolving their case Travel by airplane back and forth to New York twice Travel by car back and forth to Las Vegas twice.
WHY DOES IT MATTER? In a recent study (though it was a small sample), researchers found that nearly 1/3 of people would rather have their identity stolen than have their entire Facebook history exposed. Do you agree? Identity theft is the fastest growing crime and source of complaints in the United States, according to the FBI and FTC, respectively. We have an obligation to ensure our own financial and personal information. We cannot depend on corporations, government, work, school, the restaurants we eat at, the places we shop etc. etc. This is each of our responsibilities.
WHAT CAN YOU DO? Password protect your devices – each one with a different code
WHAT CAN YOU DO? Change your passwords on social media, bank accounts, email etc. regularly ACCEPTABLE Ih8hamsandw1che5 T0Rer0sRgr8! Pa88NdOp22 UNACCEPTABLE password password123 Rachelrachel calpoly2010
WHAT CAN YOU DO? Remove personally identifiable information from social media
WHAT CAN YOU DO? Be wary of text messages, emails, direct mail or any other form of communication that asks for your private information
WHAT CAN YOU DO? Ask employers how they are storing your information and what firewalls they’ve created to protect against identity theft. Ask your school too!
WHAT CAN YOU DO? Use caution when recycling electronics. Ask questions of the facility and make sure you wipe your devices.
WHAT CAN YOU DO? Check your credit score frequently. You can check your three credit scores for free each year from annualcreditreport.com. You may order all reports at the same time or each at a different time throughout the twelve month period.