You may
ask, what is "identity theft" and
how does this affect me?
Theft of identity is when someone
else uses personal identification
information about you, for
example, your social security
number and date of birth, to apply
for credit, open bank accounts or
make unauthorized purchases.
Theft
of identity is fast becoming
the most prevalent and costly
financial crime in the nation.
It is estimated that more than
40,000 people have their
identity stolen each year,
costing consumers and the
financial industry billions of
dollars.
Why is
it important? Often times,
consumers are not aware that
their identities have been
stolen and how it may affect
their lives. If someone has
fraudulently obtained a credit
card in your name, he/she may
be ruining your credit and
your reputation.
Unfortunately, you may not
find out until damage has been
done; when you are rejected
for a mortgage or a loan or
denied an employment
opportunity.
Although it's impossible to
guarantee that your personal
information will not get
stolen, my office has
developed this tip card to
provide advice on steps
consumers can take to reduce
the chances of it happening.
For
more information about what to
do if you believe you've been
a victim of identity theft of
if you have any other credit
related question, you can
contact the office of New York
State Attorney General at
(800) 771-7755 or
www.oag.state.ny.us.
Below
are some things you can do:
Be
very careful about to whom you
give out personal
identification information,
such as your mother's maiden
name and your Social Security
Number, ask if it can be kept
confidential. Inquire into how
it will be used and with whom
it will be shared.
Never
provide any personal, bank
account or credit card
information to anyone who
contacts you through a
telephone solicitation.
Instead, it is advisable to
demand they mail you
information so that you can
further research the company
and their products and
services.
Keep
items with personal
information in a safe place.
Keep a list of all credit
cards, account numbers,
expiration dates, and the
customer service phone numbers
in a secure place so that you
can quickly contact your
creditors in case your cards
are lost or stolen.
Tear
Up/Destroy all ATM and bank
receipts, old insurance forms,
bank checks, expired credit
cards, and any other papers
that include personal
information, identification,
and account numbers about you.
This includes pre-approved
credit card solicitations!
Thieves oftentimes search
through your garbage to find
these forms and information
and use it to apply for credit
in your name.
Minimize the number of credit
cards and other items with
personal information printed
on them that you carry. Cancel
all inactive accounts. Even
though you do not use them,
those accounts appear on your
credit report, which can be
used by thieves.
Do not
leave envelopes containing
your checks in your home
mailbox, unless it's secured.
Due to the increased risk of
theft, it is best to mail
bills and other sensitive
items at the post office,
rather than from your
residence.
Social
Security Number: Give it out
only when necessary. Ask to
use other types of identifiers
when possible. DO NOT store
your Social Security Card in
your wallet.
When
creating passwords or PINs, do
not use the last four digits
of your Social Security
Number, your birth date,
middle name, mother's maiden
name, address or anything else
that could be discovered
easily by thieves.
To
decrease the number of
unsolicited credit card
applications that you receive
(and the chances of these
applications being stolen),
call (888) 5OPT-OUT to have
your name removed from
marketing lists sold by credit
bureaus.
Monitoring your credit card
statements and your credit
report are the most important
steps you can take to
safeguard your credit
identity. Although it
costs some money, it is a good
idea to review a copy of your
credit report at least once a
year by contacting the
following credit bureaus:,
ChoicePoint (previously
Equifax) (800) 685-1111;
Experian 888 397 3742, and
Trans Union (800) 916-8800.
If you
fall victim to an identity
thief, these tips could save
you some headache and money:
If
you're a victim, here are tips
that could help clear your
name
Get a police report.
Insist that credit-card
companies send you copies
of application and credit
slips and the paperwork
that links your name to
the identity thief. Talk
to the credit-card
company's fraud
investigator, not a
customer-service
representative.
Contact - by telephone
and letter - all
credit-reporting agencies
that your thief might
target, including
department stores,
utilities and credit-card
issuers.
Carefully monitor your
mail and credit-card
bills for evidence of new
fraudulent activity.
Start a log of your
contacts with authorities
and financial
institutions.
Follow up with creditors
if your bills don't
arrive on time. A missing
credit-card bill could
mean an identity thief
has commandeered your
account and changed your
billing address to cover
his tracks.
Ask creditors to put a
"fraud alert" on your
account and add a
"victim's statement" to
your file requesting
creditors to contact you
before opening new
accounts in your name.
File a complaint with the
Federal Trade Commission
by contacting the FTC's
Identity Theft Hot line
at 877-IDTHEFT
(438-4338); online at
www.consumer.gov/idtheft;
or by mail at
Identity Theft
Clearinghouse, Federal
Trade Commission,
600 Pennsylvania Avenue,
NW,
Washington DC 20580.
To
prevent identity theft,
regularly check your credit
record. Many victims don't
learn for months or even years
that they've been victimized
until they are denied credit
or employment, are threatened
by collection companies or
arrested for a crime they
didn't commit. Order your
credit report from each of the
three major credit bureaus
each year and make sure all
the information is correct.
The bureaus are: Equifax
800-525-6285; Experian
888-397-3742; and TransUnion
800-680-7289.
Have
your name removed from
marketing lists so you don't
receive pre-approved offers of
credit that thugs could steal.
Buy a paper shredder to
destroy unwanted mail.
Carry
minimal personal information.
Don't give out personal
information such as your
Social Security or driver's
license numbers unless
required by law.
Don't
share personal information
online. Change your computer
passwords often.
Lock
your mailbox. Stealing mail is
a popular method of identity
thieves.
Get
credit cards and business
cards with your photo on them. |