Identity Theft Powerpoint
Transcript: Identity Theft The illegal aquirement and use of a person's private identifying information, usually for financial gain. What is identity theft? What is Identity Theft? Examples of this fraud are... Examples of This Fraud Stolen checks If checks are stolen, report it immediately to the check verification companies. Stolen checks can result in the thief making transactions that could negatively affect your bank account. In order to prevent this, close your checking and savings account ASAP. https://mpdc.dc.gov/page/examples-identity-theft Stolen Checks Stolen ATM cards If an ATM card is stolen, such as a credit card or a debit card, it is important to report the theft immediately to your bank. - only liable for fraduluent charges if you wait more than 60 days to report the incident - not liable for any charges if they occur after you report the theft - not liable for any charges if your ATM card number is stolen, not your actual card https://mpdc.dc.gov/page/examples-identity-theft Stolen ATM Cards Misuse of social security number If social security number is stolen, the thief could use your medical benefits. This occurs if they receive a job while impersonating you. If this happens, you could be denied medical treatment that you need if your annual medical benefits were exceeded by the thief. https://mpdc.dc.gov/page/examples-identity-theft http://www.yourscoreandmore.com/education/identity-theft/effects-identity-theft-you Stolen SS Number The biggest way identiity theft affects consumers, other than emotionally, is financially. -especially dangerous to people that are already struggling financially -identity theft causes financial stability to waver, and could potentitally require a complete reset of bank and personal records -can hault life for years due to extensive recovery from having identity stolen https://www.equifax.com/assets/PSOL/15-9814_psol_emotionalToll_wp.pdf How This Fraud Effects Consumers -Keep birth certificates, SS cards, and other personal documents private -Use a paper shredder when getting rid of important documents -Don't leave outgoing bills, government and/or tax forms in the mail box. Take them straight to the post office -Don't put your driver's license # on personal checks -Don't throw away credit card receipts in public places -Keep anti-virus program systems on your computer up to date https://www.equifax.com/assets/PSOL/15-9814_psol_emotionalToll_wp.pdf How To Protect Yourself From This Fraud How to Recover from Identity Theft -The first step to recovering from Identity Theft is to report the crime to either your bank or the police, depending on the situation -Begin to recover your credit. If your identity has been stolen, chances are, the thief has compromised your credit. There are many companies that can help to recover from this -Understand your rights as a victim. There can be many roadblocks during recovery and there are websites, such as https://www.identitytheft.gov/, that show you step-by-step on how to recover your identity. https://www.thebalance.com/how-to-recover-your-identity-after-identity-theft-1947675 -In 2013, Kim Kardashian became a victim of identity theft when someone called American Express and gave her personal information to the bank, claiming to be her. -The thief changed her Social Security number to that of Luis Flores, Jr, changed the billing address on her account, and requested a replacement card to be sent. -Flores had obtained a flash drive containing private information of celebrities and politicians and plead guilty to identity theft. -Will Smith had his identity stolen by a man named Carlos Lomax when Lomax opened 14 fake credit card accounts under his name. Lomax charged almost $33,000 onto those cards in Smith's name. - Lomax was sentenced to 37 months in prison, which was later reduced to 30 months. http://www.cardrates.com/news/famous-people- whove-had-their-identities-stolen/ Famous Examples of Identity Theft Identity theft can happen to anyone at any time. It is important to stay aware of the steps that we can take to prevent identity theft from happening to ourselves. Identity theft can happen to anyone at any time. It is important to st...
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