Fraud Alerts and Fraud Freezes
by Andy Jolls
An alert places a statement on your credit report so that if a fraudster attempts to obtain credit in your name, the creditor, in checking your credit, will encounter a statement that says something to this effect: “I may be a victim of fraud. Call me at my phone number before extending credit.” By calling you, the creditor ensures more security.
Cloned credit cards are stealing you
by ABC News
Crooks can easily copy the information from the magnetic strip of your credit card. It is a simple process to take that stolen data and create another credit card--a clone card. The cloned card functions exactly like the original card allowing thieves to buy what they want or empty your bank account. Watch this ABC news video to see exactly how easy this is to do and why you need to be extremely careful when letting others handle your cards.
5 Tips for Protecting Your Checking Account
by Federal Reserve
Don’t give your account number and bank routing information to anyone you don’t know. Give out your account information for transactions only if you are familiar with the company you are dealing with. And if you have not done business with a company before, give out account information only if you have initiated the transaction.
Gone in 4 Seconds!
by Sheriff Ken Jenne
This is a great video from Sheriff Ken Jenne of the Broward Sheriff’s Office. You won’t believe what the criminals are up to now. If you think that gas prices are ripping you off at the pump then you HAVE to see this video! Not only is it possible to lose your cash-on-hand, but even worse--your identity!
Protecting Your Credit--The FACT Act in Layman's Terms
by Amy L. Cooper-Arnold
Do you know all the implications of identity theft? Do you know that an imposter can open lines of credit, drain your bank account, file for bankruptcy, get an ID card, get a job, and even be arrested all in your name? All the missed payments an imposter doesn't make are reported in your credit file causing your credit score to suffer.
Protecting Your Credit Following ID Theft: A Step-by-Step Plan of Action
by Pammila Phillis
Changes in the FCRA (Fair Credit Reporting Act) regarding identity theft are presented here. Further detailed information can be found at the Federal Trade Commission site, under Fair Credit Reporting Act. This is just a general step-by-step guide to start the process.
President Bush Signs Identity Theft Penalty Enhancement Act
by George Bush
We're taking an important step today to combat the problem of identity theft, one of the fastest growing financial crimes in our nation. Last year alone, nearly 10 million Americans had their identities stolen by criminals who rob them and the nation's businesses of nearly $50 billion through fraudulent transactions.
Johnny May's Guide to Preventing Identity Theft book review by Scott Bilker
by Scott Bilker
Johnny May's new book, from start to finish, is the definitive guide to identity theft! Johnny has down a great job explaining, in easy-to-understand language, how to recognize and prevent this growing crime with 27.3 million victims in the last five years. What motivates the identity thief?
IRS Warns of Scheme to Steal Identity and Financial Data
by Internal Revenue Service
The Internal Revenue Service warned today of a fraudulent scheme currently circulating that uses fictitious bank correspondence and IRS forms in an attempt to trick taxpayers into disclosing their personal and banking data. The information fraudulently obtained is then used to steal the taxpayer's identity and bank account deposits. The IRS has received reports of the scam surfacing from...