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 Using someone else’s personal identifying information  Usually for a financial benefit  Can ruin your credit rating.

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Presentation on theme: " Using someone else’s personal identifying information  Usually for a financial benefit  Can ruin your credit rating."— Presentation transcript:

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3  Using someone else’s personal identifying information  Usually for a financial benefit  Can ruin your credit rating

4  Anybody  Children  The Elderly

5  Financial  Insurance  Medical  Criminal  Drivers License  Social Security  Synthetic  Child

6  Most common  15 Million victims  50 Billion dollars  Results: Credit card fraud Checking account fraud Savings account fraud Mortgage fraud Loan fraud Tax fraud

7  See a doctor  Get prescription drugs  Get other health care benefits  Could threaten your life  Could threaten your health  Could lose health coverage

8  Use of a different name upon arrest  Failed court appearance from victim  Result in jail time for the innocent victim

9  Most complicated  Steals bits and pieces of identity  Creates a “new Person”  Can then establish credit to use

10  Use of a child’s social security number  Open bank accounts  Credit card accounts  Apply for a loan  Rent a place to live

11  Jail  Prison  Repay Money

12  Do not carry important documents  Keep them at home  Check bank statements  Shred receipts/returned checks  Passwords

13 How thieves steal your personal and financial information: › They hack into computers to find names, important dates etc. › Look through garbage to find financial information such as a bank statement › Burglary-stealing wallets/purses/credit cards to find personal information

14  Open up new cards in your name  Use your credit card to rack up charges  Wire money out of your account  Get a license in your name  Collect government money due to you  Rent/Lease cars and homes in your name

15  You see withdrawals from your bank account that you can’t explain  Debt collectors call you about debts that aren’t yours  Your account is flagged  There is a warrant out for your arrest

16  Emotional stress and trauma  Excessively paranoid  Making new credit accounts in your name  Hurts your credit score

17  FIRST, contact the fraud departments of each of the three major credit bureaus: › Equifax: › Experian: › TransUnion:  SECOND, close the accounts  THIRD, file a police report

18  "The 8 Types of Identity Theft." About.com Identity Theft. N.p., n.d. Web. 03 June  "Google." Google. N.p., n.d. Web. 03 June  "Identity Theft." Definition. N.p., n.d. Web. 03 June  "Financial Identity Theft Is the Most Common Form of ID Theft." Financial Identity Theft Is the Most Common Form of ID Theft. N.p., n.d. Web. 03 June  "Consumer Information." Medical Identity Theft. N.p., n.d. Web. 03 June  "Fact Sheet 17g: Criminal Identity Theft: What to Do If It Happens to You." Criminal Identity Theft: What to Do If It Happens to You. Privacy Rights Clearinghouse, n.d. Web. 03 June  "Types of Identity Fraud." Synthetic Identity Theft. N.p., n.d. Web. 03 June  "Consumer Information." Child Identity Theft. N.p., n.d. Web. 03 June         stolen-identities.jsp 


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