identity theft: how to protect yourself

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Identity Theft: How to Protect Yourself

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Identity Theft: How to Protect Yourself. Identity Theft. Identity theft defined: the crime of obtaining the personal or financial information of another person for the purpose of assuming that person's name to make purchases. Identity theft statistics (2010): 8.1 million victims - PowerPoint PPT Presentation

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Page 1: Identity Theft: How to Protect Yourself

Identity Theft:How to Protect Yourself

Page 2: Identity Theft: How to Protect Yourself

Identity Theft Identity theft defined:

the crime of obtaining the personal or financial information of another person for the purpose of assuming that person's name to make purchases.

Identity theft statistics (2010): 8.1 million victims $37 billion total costs Average out-of-pocket costs $631 26 million records exposed through data breaches “Friendly” fraud is up – the victim know the thief

Page 3: Identity Theft: How to Protect Yourself

How does it happen?

Identity thieves might:

Steal mail from your mailbox.

File a change of address form in your name to redirect your mail.

Page 4: Identity Theft: How to Protect Yourself

Other identity thief tricks

They might: Steal pre-approved credit card applications

from the trash.

Go “dumpster diving” for bank statements or cancelled checks.

Steal wallets and purses.

Page 5: Identity Theft: How to Protect Yourself

What information do you share? Have you:

Signed up for a loyalty card program? Ordered a pizza at your home? Given your phone number to a cashier? Participated in a sweepstakes? Donated to a charity and given your address and

phone number? Registered a product warranty? Signed up on Facebook or MySpace?

Page 6: Identity Theft: How to Protect Yourself

Most identity theft is low tech, but there are high tech methods: Phishing – An authentic-looking e-mail that directs

you to a web site to “update your information.”

Pharming – “Hijacking” web domains to the thief’s own sites to gather personal information. This can occur in 2 ways:1. directly on users' computers 2. on domain name servers that resolve web site addresses

for users

Page 7: Identity Theft: How to Protect Yourself

Phone Scams

How this happens: Someone pretending to be from the

government contacts you. They ask for personal information for a legitimate reason (i.e., census research).

Someone contacts you asking for a donation to a fictitious charity.

Page 8: Identity Theft: How to Protect Yourself

Data Breaches Personal information from a business or

organization data base.

More than 155 million data records lost or stolen since 2005. Over 3 million from college and universities No notice required if data are encrypted

How? Hackers Accidental postings of personal information Stolen/lost laptops and data storage devices Employees steal data

Page 9: Identity Theft: How to Protect Yourself

Twin Wi-Fi Hotspots

Hacker creates a hotspot with the same (or similar) name as a legitimate hotspot – at airports, coffee shops, etc.

Users connect to the hacker’s hotspot instead of the legitimate one

Hackers collect personal information

Page 10: Identity Theft: How to Protect Yourself

How to Protect Yourself

Mail: Put outgoing mail in secured mailboxes -- U.S.

Postal Service mailboxes or the post office.

Monitor your mail. If a bill or statement doesn’t arrive on time, find out why not.

Buy a shredder. SHRED all billing statements and pre-approved credit card offers.

Page 11: Identity Theft: How to Protect Yourself

How Prepared Are You? True or False:1. I use a computer with a firewall.2. I don’t have a password or pin that is

based on easily available information.3. I shred all documents with personal

information on it. 4. I never give out my SSN unless I initiate

the contact.5. I use a mailbox with a lock on it.

Page 12: Identity Theft: How to Protect Yourself

How to Protect Yourself

Banking: Have new checks mailed to a P.O. Box or

pick up them from the bank unless you have a secured mailbox.

If you get an e-mail or phone call asking you to update your banking records, do not give out personal information. Call your bank yourself.

Page 13: Identity Theft: How to Protect Yourself

How to Protect Yourself

Check out e-mails before answering. Never open an e-mail attachment unless you expected it or know what it contains.

Never click on a web link in an e-mail. Check it out by opening a new browser window and typing in the URL. Watch that the URL doesn’t change when the site comes up. Check out e-mail scams at www.snopes.com.

Page 14: Identity Theft: How to Protect Yourself

How to Protect Yourself Don’t use easily available information (mother’s

maiden name, birth date, the last 4 digits of your SSN or phone number, or consecutive numbers) for passwords and PINs.

Pay attention to announcements about data breaches.

Learn what legitimate hotspot web pages look like. Don’t send sensitive information through public Wi-Fi networks.

Page 15: Identity Theft: How to Protect Yourself

How to Protect Yourself:

Credit Freeze: puts a lock on access to your account. $3 in Georgia for each credit bureau Unless you are 65+ or a victim of identity theft Credit “thaw” within 15 minutes: $3

Some companies aren’t affected by the freeze Insurance companies Existing creditors Law enforcement agencies

Page 16: Identity Theft: How to Protect Yourself

How to Protect Yourself:

Identity Theft Prevention Products Life Lock Loud Siren Many more! Check to make sure they are

legitimate

Page 17: Identity Theft: How to Protect Yourself

Monitor Your Personal Information Check your credit card statements and bank

records for unfamiliar transactions and report them.

Check your credit report! Visit www.annualcreditreport.com

If you must give out personal information via phone, do so in a secure area. You never know who could be listening.

Page 18: Identity Theft: How to Protect Yourself

Reporting Identity TheftIf you think your identity has been stolen: Contact one of the three major credit reporting

agencies to create a fraud alert with all three: Equifax: 1-800-766-0008 Experian: 1-888-397-3742 TransUnion: 1-800-680-7289

Close accounts that have been tampered with.

File a complaint with the Federal Trade Commission.

File a report with the police.

Page 19: Identity Theft: How to Protect Yourself

Other Tips for Reporting Identity Theft Act quickly!

Keep a record of all conversations.

Keep copies of e-mails.

Make a copy of all documents you send and use certified mail.

Page 20: Identity Theft: How to Protect Yourself

For individual help contact:

The Peer Financial Counseling Program

(insert web address, phone number, and/or e-mail)

Page 21: Identity Theft: How to Protect Yourself

Special Thanks to...