Identity Theft: Preventing Identity Theft

Identity theft is a major concern today in our country, millions of a person’s identity have been compromised for many of years. Identity theft occurs when someone uses another person’s personal information such as name, Social Security number, driver’s license number, credit card number, or other identifying information to take on that person’s identity in order to commit fraud or other crimes. Stealing an identity is, unfortunately, surprisingly easy to do and happens when you least expect it. Just by opening your mail, something that has personal information on it, throwing it in the trash. Therefore, a person can go through your trash and take all that information and use it against you to take on a new identity.

Some of the things you can do and not a victim yet is to monitor your credit and keeping your information safe. We talked about not only making sure your information is safe when you’re out in the public, such as only carrying one credit card when you really need it, not carrying your social security card and birth certificate just to name a few, We don’t need to have these things with us everyday. Just keep the common

1. Tell the credit reporting company, in writing, what information you think is inaccurate. Credit reporting companies must investigate the items in question — usually within 30 days — unless they

If you find errors on your credit report, there are several steps you need to take. Under FCRA, the credit reporting company and information provider are responsible for correcting any inaccurate information on your credit report. You need to write a letter to

You’d tell the credit reporting company, in writing, what information that you found that’s inaccurate on your credit report. The agency must investigate the items within 30 days usually, unless they consider your

Along with this, you will need to contact all three of the major credit bureaus in order to place a fraud alert on your records. The bureaus that you will need to contact are; Equifax, Experian and TransUnion. You will also need to talk to your financial institution and look into closing accounts that have been opened under your name.

In American society, there a fast growing white-collar crime that is becoming more and more popular among criminals. This white collar crime is call identity theft. Thousands of people have their identities stolen every year. Identity theft happen when criminals get a hold and use other people persona information such as credit card numbers, bank accounts numbers, insurance information and social security number to purchase good and other services fraudulently. More than 9 million American are victimizes by identity theft each year. With this number being so high it is evident that identity theft is one of the fast- growing crimes to hit the United State. Three reason why identify theft if being such a fast- growing crime in the United State is because more people credit card information is being stolen, more people are shopping online and more medical information is being stolen.

Any indication of potential identity theft will result in documentation of the potential issue and all research information performed in accordance with the Red Flags Procedures, Red Flag Guide, and Something Ain’t Right Program. Employees are required to immediately complete a Suspicious Activity Form and notify their department manager. If there is any risk of identity theft, all the documentation will be delivered

Identity theft is the fastest growing fraud crime in America (Finklea, 2009). Gaining knowledge in preventing theft will better the economy and lower the crime rates in America. There are reported 9.9 million victims of identity theft and this number is increasing rapidly as the years go on. It has been reported that an estimate of fifty billion dollars has been charged to our consumers every year due to identity theft (Finklea, 2009).

Today’s cyber environment is promptly allowing people to connect with personalities around the globe. This development in connectivity, accessibility, speed, technology adoption, and payment options delivers the advantage of permitting individuals and businesses to more effortlessly and effectively conduct their online financial activities. Individual performance and provocation, legal boundaries, and technology advances are all major factors contributing to this unpredictable growth. Unfortunately, these factors have also generated another form of criminal activity; one that is more difficult to detect as well as prosecute. Electronic payments and e-commerce have been targets for fraud ever since they were introduced. The accessibility of

We can all agree, that Identity theft is a serious crime and it can happen to anyone. This days, people are becoming more and more victims of such acts either online or at the ATM's machine, banks e-mail and even online false advertisement. This identity theft affects the rich, poor, employees, business and the government. This act affects people lives and their credit history.

If you’re a victim of identity theft, it can lead to fraud that can have a direct impact on your

First Contact your bank, your credit card company(s) and any other financial institution you are affiliated with and let them know that you think you are a victim.

1. Contact the fraud department at any of the three nationwide credit reporting companies and ask them to place a fraud alert on your credit report. A fraud alert tells creditors to follow certain procedures to protect you before they open new accounts or make certain changes to an existing account.

Identity theft is on the rise in the United States and Globally. The Federal Trade Commission advised that there are about nine million cases of identity theft. People who had their identity stolen often feel like they were violated. Any individual can have their identity compromised in numerous ways. Different institutions store personal information. There are several organizations that have social security numbers, bank account numbers, and credit card numbers. Colleges and Universities have people personal information stored in their databases that could be hacked. There are several companies that offer options to people to protect their identity. Most credit card companies offer the option of identity