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