Transcript Slide 1

Lyle Hansen M.S., AFC &
Jerome County Extension Office
Luke Erickson M.S., AFC
Madison County Extension Office
Adapted from “Guard Against Identity
Theft”
By Marsha Lockard
Owyhee County Extension Office
Identity Theft Happens . . .
• When someone STEALS your:
– Name
– Social Security Number
– Driver’s License Number
– Credit Card Number
– E-mail Address
– Other personal information
• Then uses it to commit fraud or theft.
Identity Theft Happens…
An Alarming Crime
• Identity Theft/Fraud is top consumer
complaint in the U.S.
– Over 1.3 million complaints in 2010
• 6.1 million complaints since 1997
– Over $1.7 billion in total losses in 2010.
• Median amount paid $594
An Alarming Crime
Herman Munster?
Idaho Statistics - 2010
• 5,403 Total Complaints
• 729 ID Theft Victims
• Location:
– Boise area – 1907 Fraud and 331 ID Theft Victims
– Idaho Falls – 372 Fraud and 57 ID Theft Victims
– Coeur ‘d Alene – 534 Fraud and 84 ID Theft Victims
How Do Thieves Do It?
(What do you think?)
• Complete false “change of address” forms.
• Steal your purse or wallet.
• Obtain personal information at work.
• Find personal information in your home.
How Do Thieves Do It?
(Are there any you are not familiar with?)
• Dumpster diving
• Steal your mail
• “Pretexting”
• “Phishing”
• Fraudulently obtain
credit reports
• Friends and relatives
Generic greeting, did not use my user name or actual name
Misspelling, and incorrect grammar.
Created a sense of urgency
Direct link asking for my password (to imposter site)
How Do Thieves Do It?
• Recent schemes
– Hotel Scams
The Identity Thief May . . .
• Go on spending sprees using your credit & debit
cards to buy big ticket items.
• Open new credit card accounts.
• Change mailing address on your credit card
accounts.
• Take out loans to purchase a car or even a
home in your name.
The Identity Thief May (2) . . .
• Give your name to police during an arrest.
If they are released and don’t show up for
court date, an arrest warrant could be
issued in your name.
Minimize Your Risk
• Protect your Social Security Number:
– Do not use on checks, insurance or other
cards, driver’s license.
– Memorize your number and do not carry
your card with you.
– Ask why when your SS# is requested:
• How will it be used?
• How will it be protected?
• Is it necessary?
Minimize Your Risk (2)
• Carry only the credit cards you need.
• Keep a copy of all your important
account and phone numbers.
– Write them down.
– Take a picture.
– Photocopy.
– Keep copy in a safe secure place.
Minimize Your Risk (3)
• Obtain free credit report yearly.
– www.annualcreditreport.com
– One free credit report is available from each
of the credit reporting agencies: Equifax,
Experian, and TransUnion.
– 1-877-322-8228
– Mail “Annual Credit Report Request” form to:
• Annual Credit Report Request Service
P. O. Box 105283
Atlanta, GA 30348-5283
Minimize Your Risk (4)
• What is the web address to order
a free credit report?
• Freecreditreport.com
is not free!
Minimize Your Risk (5)
• Obtain free credit report yearly.
– www.annualcreditreport.com
• What is the difference between:
www.annualcreditreport.com
www.annnualcreditreport.com
– The extra “n” directs me to
freecreditreport.com
• Misspellling can cost you money!
Minimize Your Risk (6)
• Remove your name from pre-approved
credit card mailing lists. You can do this
by going to www.optoutprescreen.com or
calling 1-888-5-OPTOUT.
Minimize Your Risk (7)
• Stop telemarketers from calling your home
and cell phone numbers. You can do this
by going to WWW.DONOTCALL.GOV or
calling 1-888-382-1222.
• Your phone numbers will be removed for
LIFE (No Longer Only 5 Years)!
Minimize Your Risk (8)
• Reduce unwanted mail!
• Register with the Direct Marketing Association’s
Mail Preference Service
– Free if you go to www.dmachoice.org
– $1 processing fee if you request by mail:
DMA choice
Direct Marketing Association
P.O. Box 643
Carmel, NY 10512
Minimize Your Risk (9)
• FREEZE Your Credit!
– Costs $6 Per Credit Bureau in Idaho
– Costs $6 to “Thaw” Unfreeze Credit
• One of the most successful tools to prevent
financial Identity Theft!
• See handout “Stop Identity Theft Cold by
“Freezing Your Credit!”
Minimize Your Risk (10)
• Do not provide personal information over
the phone, through the mail, or over the
Internet unless:
– You placed the call or the letter or email
And
– You know the company is reputable and the
request is legitimate.
Signs of Identity Theft
Signs of Identity Theft
• See unauthorized changes in financial
accounts.
• Fail to receive bills or other mail.
• Receive credit cards you didn’t request.
Signs of Identity Theft (2)
• Receive credit denial.
• Get calls from debt collectors.
• Recognize unusual credit report
activity.
• Other Signs?
If You Are a Victim . . .
1. File a police report immediately and get a
copy!
- Believe it or not, but the police usually will
not be able to do anything.
- So why file a report?
If You Are a Victim (2). . .
2. Contact your creditor.
–Stop payment on checks.
–Request new ATM and credit cards.
–Change passwords or PIN numbers.
–Call your other creditors and notify
them of the situation.
If You Are a Victim (3). . .
3. Contact the 3 credit reporting
agencies:
– Add a “victim’s statement” to your file.
– Request a free copy of credit report, to check
for additional affected accounts.
– Place a fraud alert in your files with caution.
If You Are a Victim (4) . . .
4. Contact the Federal Trade
Commission (FTC).
• 1-877-IDTHEFT is FTC’s hotline for
ID Theft victims to file complaints &
get information to repair credit.
• www.consumer.gov/idtheft
idahostwocenttips.com
•Sign-up to receive these
financial tips by email!
[email protected]
Sign up for Free
Scam Alerts
•www.consumerprotection.mt.gov
Questions
Lyle Hansen M.S., AFC
University of Idaho Extension
Educator, Personal Finance
Jerome County Extension Office
(208) 324-7578: [email protected]