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IDENTITY THEFT

Have you had your identity stolen? People are fearful of having their identity stolen but how do you protect your identity?

We have all heard of the scams relating to ATM machines and criminals obtaining your PIN numbers through micro cameras. These criminals make new debit cards but they are often used months after the information has been obtained. One of the prime times for the thief’s to commit this crime is approaching and during the Christmas Season when the shopping malls and yearly purchases are the highest. Also, there is usually large amounts of monies in your accounts. The easiest way to protect yourself is to change your PIN numbers twice a year at the bank, and when paying with a accredit card, don’t let your credit card out of your sight.

Identity theft is the fastest rising crime today which is defined as the repeated victimization of a single person. This crime is facilitated through underlying crimes such as forgery, counterfeiting, check/credit card fraud, computer fraud, impersonation, thefts and even terrorism. When this crime takes place, who is the actual victim? Previously police did not regard those who were effected as victims because the credit card companies took the financial loss. The people rarely reported the loss or theft to the police because they knew their losses would be covered. The repeated use of a persons identity caused serious disruption and emotional damage and more victims suddenly began to report the crime to the police to investigate.

This type of crime is fed by many catalysts that are directly related to other crime related problems. Financial crime against the elderly, telemarketing and internet scams, theft of autos aided by fraudulent documentation, theft of wallets and purses, break and enter into homes or business are the avenues the criminals take to obtain your identification. We must not forget the street level crimes of purse snatching or robbery that can turn into a serious violent crime. The essential ingredient in human trafficking are documents and stolen identification for international trafficking in prostitution, illegal labour markets and terrorists.

How do they steal your identification?

Steal wallets/purses                                           Hack into computers

Steal your mail                                      Call credit card issuers changing the billing

Rummage trash cans                                         Buy identities on the street

Posing as a landlord, or employee                     Buy counterfeit documents

Bribe employees                                               Internet identification

Break into homes/business                                Use stolen ID to obtain legal ID

Steal PIN numbers and debit cards                   gain entry into Governmental agencies

Trick internet users into giving passwords          Steal laptops from vehicles

How do they use your identification?

• Open a new credit card account (birthday, Social Insurance Number, mothers maiden name is all you need)

• Produce the ID when charged or arrested for a crime

• Open a landline or cell phone account and run the bill up for 3 months

• Open multiple bank accounts, bogus deposits and withdraw cash from ATM

• Cash in insurance policies, make false claims

• Auto loans, credit cards or mortgages

• Fraudulent tax returns

• Obtain social security benefits

Early warning signs that you are a victim?

You are failing to receive your regular bills or mail to your residence. Follow up with your creditors immediately if your bills don’t arrive on time. A missing bill could mean an identity theft has thief has taken over your account and changed your billing address to cover their tracks.

You receive credit cards that you didn’t apply for, you are denied credit or being offered less favourable credit terms such as a high interest rate for no apparent reason.

Getting calls or letters from debt collectors or businesses about merchandise or services you didn’t purchase.

The most critical factor in limiting the damage to you is time and once you suspect that this crime has taken place, take immediate action to notify all your financial institutions, credit bureau, cancel credit cards and work with your bank to change all your accounts and passwords. Review your credit reports once every three months in the first year of the theft and once a year thereafter.

Even by taking these precautions one is still vulnerable. Common sense and being aware of your surroundings will certainly help to prevent this crime.

Earl Fletcher