identity theft & account fraud
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a
ID Theft
& ACCOUNT
FRAUD
Welcome to
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Prevention & Cleanup
© 2012
What will you learn?
During this presentation you will learn:
• How ID theft and account fraud happen
• The effects of ID theft and account fraud
• How to avoid becoming a victim
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
What is ID theft and account fraud?
When someone steals another person’s personal information to commit fraud
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Other types of ID theft
Medical ID theft
Theft of a child’s identity
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Theft of a deceased person’s identity
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Criminal ID theft
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
How do thieves get your information?
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Data breach
The costs of identity theft
Average fraud amount per victim in
2010: $4,607
Estimated out-of-pocket cost for
victims of ID theft in 2010: $631
Victims may spend more than 100
hours cleaning up a newly opened fraudulent account.
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
ID theft prevention
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Medical Information Bureau (MIB)
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Specialty reports
Specialty reports
Residential tenant reports
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Check writing history reports
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Employment data reports
The Work Number maintains
information on approximately 25
million employees.
800-996-7566
www.theworknumber.com
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Insurance claims reports
Informs insurers about claims you
have made against your
homeowners or automobile
insurance policies
LexisNexis C.L.U.E.: 866-312-8076
Insurance Services Office (ISO)
A-Plus: 800-627-3487
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Employment background
check reports
LexisNexis Employment History
Report
866-312-8075
personalreports.lexisnexis.com/em
ployment_history_report.jsp
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Internet safety
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Active duty alert
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Already an ID theft victim?
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
ID theft cleanup
File a police report.
Contact appropriate state and federal law enforcement agencies.
Complete a free ID theft affidavit from the FTC: www.ftc.gov/idtheft.
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Fraud alerts What is a fraud alert?
Credit bureaus will work with you to verify information and delete fraudulent data in reports.
Place a minor alert if you suspect your child’s identity has been stolen.
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Freeze your credit
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Shopping for ID theft services
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Dealing with collection agencies
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Non-profit resources
Consumer Action: www.consumer-action.org
Identity Theft Resource Center: www.idtheftcenter.org
National Fraud Information Center: www.fraud.org
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Non-profit resources
Privacy Rights Clearinghouse: www.privacyrights.org
AARP: www.aarp.org/money/scams-fraud/
Nat’l Assoc. of Attorneys General (NAAG): www.naag.org
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
MoneyWI$E A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP
Visit money-wise.org
for additional information and to access
free financial education materials
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