Five Forms of Identity Theft
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Transcript of Five Forms of Identity Theft
Identity Theft is in the News
57% of victims had NEW ACCOUNTS opened in their name
62% had warrants issued for their arrest
82% found out through an adverse action
Out of pocket cost to the average victim $1,865.27
Victims spent an average of 157.87 hours trying to clean
up the mess..
63% could not get their credit reports cleared
22% have their SSN tied to someone else’s
19% had their fraud alerts ignored
*(Identity Theft Resource Center 2007)
Latest Facts About Identity Theft
IDIihgDggrOver 255million American’s
Identities have been reported lost or stolen since Jan 2005. –
PrivacyRights.org
Over 400,000 Dead People opened Bank accounts last year – AARP
The revenue from trafficking financial data has surpassed
that of drug trafficking. – Secret Service March 2007
Every three seconds (27,000 times per day) someone
becomes a victim of Identity Theft
USA Today
• Utility Companies• Insurance Companies• Credit Card Records • Medical Records
• Real Estate Records• Motor Vehicle Records• School Records• Military Records
• Social Security Records• Banking Records• Employment Records• Postal Records
• Purchasing Records• Tax Records• Leasing Records• Licensing Records
You’re at Risk! Your Data is Already Out There
“Once the credit systems accept bad data it can be next to impossible to clear.”
USA Today June 5, 2007
“Medical identity theft can impair your health and finances… and detecting this isn’t easy… and remedying the damages can be difficult.”
WJS October 11, 2007
Correcting the victims’ records is so
overwhelming it is imperative that we protect
the data.
Drivers License
Medical FinancialSocial Security
Criminal
Five Common Types of Identity TheftLess than 28% 10 M sold
every 6 weeks Fastest growing IDT
Unofficial National ID
Wrongful Arrest
Children are a better target for identity theft than you.Children have a clean credit history and parents rarely have reasons to check their
child’s credit report. This crime can go undetected for up to 15 years.
Why your Children are at Risk ?