I recently delivered a seminar about the dangers of identity theft and fraud. During my research, I learned that identity theft is the #1 crime reported to the FTC. I wanted to share the information that I presented with readers because I believe it is an extremely important topic. It is imperative that you become knowledgeable about the ways in which you can protect your personal information.
You can avoid becoming a victim of
fraud and identity theft.
What is Identity Theft?
- It occurs when someone steals your personal information – e.g., credit card or Social Security number – and uses it fraudulently
- It can cost you time and money
- It can destroy your credit and ruin your good name
Identity Theft Facts
- It is the #1 crime reported to the FTC.
- Over 11 million people became victims of identity fraud in 2009.
- The number of identity fraud incidents increased by 12 % over 2008.
- New York State is one of the Top 10 locations for Identity Theft.
- Small business owners suffered identity fraud at 1.5 times the rate of other adults.
- Identity theft is frequently the result of the simplest ways to steal information, not from complex computer hacking or Internet fraud.
- It is essential to keep up with the laws that apply to your business
- Example: Select Physical Therapy in Levelland, TX was fined $990,000 by the Texas Attorney General for throwing old files in a dumpster
- There was NO confirmed Identity Theft as a result.
- The records were found by Dumpster-Divers
- California vs. Greenwood, 1988: “There is no common law expectation of privacy for discarded materials”
Fraud Facts
- Your bank will never email of call you for your account number.
- Don’t wire money to people you don’t know.
- Be cautious of work-at-home job offers.
- Check out the company with the Better Business Bureau.
- There are no legitimate jobs that involve reshipping items or financial instruments for your home.
- Foreign lotteries are illegal in the US. You can’t win no matter what they say.
- Check your monthly blank statements for charges you don’t recognize.
- Bill Gates is not giving away money if you forward emails
- The spice King, Tobacco Heiress and all the other people who want to share their fortune with you are hackers and scam artists. DON’T BE FOOLED by these scams, and DO NOT reply to the emails of any scammer or spammer.
- Order a copy of your credit report from each of the three national credit bureaus once a year from annualcreditreport.com.
How does Identity Theft Happen?
- Identity thieves may:
- Go through your trash or “dumpster dive”
- Steal your wallet or purse
- Steal your mail or submit a change of address form for your mail
- Use “phishing” or fake emails addresses to get you to provide personal information, or use other ‘con’ techniques to trick you
- Steal personnel records from their employers
- Use virus or spyware to steal passwords and/or account numbers
- ‘Hack’ your computer or network