|
Throughout the course of a busy day you may use your credit card to get gas, write a check to buy concert tickets, apply for a loan, or mail monthly bills. Most people don't give these transactions a second thought but, an identity thief does.
In 2004, over 9 million Americans were victims of identity theft, resulting in over $5 billion of damage (Identity Theft, 2005). A thief can access personal information in many ways. They may get information from businesses by stealing records, bribing employees, or hacking into records. A thief may also steal your mail, including financial statements or credit card offers. Another way would be to rummage through your trash or a businesses trash to recover personal information. They could also simply steal someone's purse or wallet and then change addresses so mail was routed to a different location. Once an identity thief captures personal information, they can open new credit card accounts or bank accounts, they may establish a phone line, buy a car, and get identification with your name and their picture or they may even file bankruptcy to avoid paying debts in your name (Take Charge, 2005).
There are many different points of vulnerability. A few are bank accounts, credit cards, driver's licenses, and mail. Bank account theft can include counterfeit checks and electronic funds transfers. There are different laws for bank account theft. The state laws protect against counterfeit checks and federal laws apply to electronic funds transfers. Credit cards become vulnerable because not only can someone use your credit cards but they can open their own accounts under your name with you receiving the bills. If someone steals your driver's license or driver's license number, they would be able to apply for a driver's license with their photo and your information, leaving you to deal with any tickets or citations from the misuse. Finally, mail theft leads to much of the problems. To avoid mail from being the source of the theft, never leave mail in your mailbox overnight and use the postal drop box to send mail out (Take Charge, 2005).
Victims of identity theft can take immediate steps to recover their good name. The first step taken should be to place a fraud alert on your credit reports. Fraud alerts can be placed on your report for up to seven years. When a fraud alert is on your report, a business must verify your identity before issuing credit. The second step, is to close all accounts that have been tampered with or opened fraudulently. Another step is to file a police report. Finally, file a complaint with the Federal Trade Commission. FTC can assist law enforcement officials to track down identity thieves (Take Charge, 2005)
|
Whether you have been a victim or not, there are ways to minimize the likelihood of a recurrence and to protect yourself so you aren't a victim. Some things you can do today are to put strong passwords on bank accounts, credit cards, and phone accounts; secure personal information at your home and ask about security procedures at your work place and doctor's office for personal information. In maintaining vigilance, don't give personal information over the phone unless you initiated the call, don't carry your social security number with you, and be careful with mail and trash. Shred any mail with personal information on it (Take Charge, 2005).
Overall, becoming an identity theft victim can happen to anyone at anytime. But knowing ways to protect yourself and how to overcome the loss of being a victim can save you a lot of money and time by taking extra precautions.
Works Cited
Identity Theft is America's Fastest-Growing Crime. (2005). Retrieved October 19,2005, from http://www.usps.com/postalinspectors/idtheft_ncpw.htm
Take Charge: Fighting Back Against Identity Theft. (2005, February). Retrieved October 19,2005, from http://www.ftc.gov/bcp/conline/pubs/credit/idtheft.htm
Comment on privacy law: In the United States, there is no comprehensive privacy law and each area of social life that has protections got them because specific legislation addressed these areas. Today, student information, health information and a few other areas have some protection from Federal law and a few state laws. Businesses are able to collect and preserve immense amounts of information and to sell some of that information to other businesses. A good popular treatment of surveillance and Privacy is O'Harrow's, No Place to Hide.
Comment on strong passwords: Passwords are a problem! Names, nicknames and pet names, even when modified with birth dates are easy to crack. Random strings are the most secure, but they are difficult to remember. One way to construct strong passwords is to compose a phrase that is easy to remember, select letters from the phrase in some systematic way, capitalize some, and then intersperse punctuation and/or numbers in a regular way. Thus, I might compose "Moorhead is the Greatest City on Earth", pick first letters: mitgcoe, capitalize every other one (MiTgCoE), put in some puncutation (M!iTgCoE.) and numbers (M!iT3gCoE.) and I have a password I can reconstruct if I forget it and one that is very difficult to crack.
|
|