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| Helping Combat Identity Theft and Related Fraud | ||
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My name is Jim G. George and I have spent much of my professional career as a consultant helping banks with fraud reduction efforts and fraud investigations. A while back I was asked to make a presentation on identity theft. It was well received, leading to a lively discussion and resulted in more such requests. Because there is a growing need and interest in the subject I decided to present a telephone-based version of the speech (Tele-class) on the subject. As time allows, I encourage discussion. I have also put together a book you can download and have provided some free references and materials on this site.
Millions of
Americans have been victims of Identity Theft and millions more will be in
the future. Both the Federal
Trade Commission and the FBI report that it is the fastest growing
crime in the country.
What
can happen to you includes: ·
You
may pay bills you do not owe. ·
Your
deposit account may be stripped of funds. ·
Collection
efforts may be made against you. ·
Your
credit record may be damaged. ·
You
may have to spend time and money recovering your good
name. ·
The
ID thief may even give your name when arrested, giving you a criminal
record or even warrants for your arrest! There
are three basic forms of ID related fraud: ·
Unauthorized
transactions
Identity tokens are use to transact against your accounts. These include your PIN, on-line
password, signature, plastic card, checks, deposit slips, or
data. ·
Account
Takeover
The address is changed on your statements and the fraudster takes over
your account. ·
New
Accounts
Accounts are set up under your name. These may be loans, cards, or
deposit accounts that get linked into your existing accounts (setting up
future inter-account transfers) How
do they get your ID? ·
Steal
your wallet, your mail, and even your trash. ·
Copy
data from work records, school records, your checks, computer systems
and files, or documents in your home. ·
Trick
call or e-mail you with stories designed to get you to give them
personal data they can use. ·
Purchase
There is an active black-market for personal data, wallet contents, and
stolen mail. But if you follow sound practices you can reduce the chances you will be hit with ID theft and minimize its impact on your life if it does happen to you. This site is intended to help you accomplish that by providing useful tools. The Workbook To help you, I have written a very usable workbook which you can download: Combating ID Theft - Tools to Avoid it, Discover it, Recover from it
PayPal will accept most charge cards. Just click where you indicate "Don't have one" and a card entry screen will appear.
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