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Identity Theft

Identity Theft. Presented By: Katie Machuta, Adreanah Griffin-Strand, Kennedy Winnie, Nicole Cuthbertson. What is Identity Theft?. Using someone else’s personal identifying information Usually for a financial benefit Can ruin your credit rating. Who is A ffected. Anybody Children

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Identity Theft

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  1. Identity Theft Presented By: Katie Machuta, Adreanah Griffin-Strand, Kennedy Winnie, Nicole Cuthbertson

  2. What is Identity Theft? • Using someone else’s personal identifying information • Usually for a financial benefit • Can ruin your credit rating

  3. Who is Affected • Anybody • Children • The Elderly

  4. The Eight Major Types • Financial • Insurance • Medical • Criminal • Drivers License • Social Security • Synthetic • Child

  5. Financial Identity Theft • Most common • 15 Million victims • 50 Billion dollars • Results: Credit card fraud Checking account fraud Savings account fraud Mortgage fraud Loan fraud Tax fraud

  6. Medical Identity Theft • See a doctor • Get prescription drugs • Get other health care benefits • Could threaten your life • Could threaten your health • Could lose health coverage

  7. Criminal Identity Theft • Use of a different name upon arrest • Failed court appearance from victim • Result in jail time for the innocent victim

  8. Synthetic Identity Theft • Most complicated • Steals bits and pieces of identity • Creates a “new Person” • Can then establish credit to use

  9. Child Identity Theft • Use of a child’s social security number • Open bank accounts • Credit card accounts • Apply for a loan • Rent a place to live

  10. When They Get Caught… • Jail • Prison • Repay Money

  11. How Can You Prevent This? • Do not carry important documents • Keep them at home • Check bank statements • Shred receipts/returned checks • Passwords

  12. Credit Card Fraud- How is it Committed? • • How thieves steal your personal and financial information: • They hack into computers to find names, important dates etc. • Look through garbage to find financial information such as a bank statement • Burglary-stealing wallets/purses/credit cards to find personal information

  13. What Can They Do With Credit and Personal Information? • Open up new cards in your name • Use your credit card to rack up charges • Wire money out of your account • Get a license in your name • Collect government money due to you • Rent/Lease cars and homes in your name

  14. Signs • You see withdrawals from your bank account that you can’t explain • Debt collectors call you about debts that aren’t yours • Your account is flagged • There is a warrant out for your arrest

  15. Personal Symptoms • Emotional stress and trauma • Excessively paranoid • Making new credit accounts in your name • Hurts your credit score

  16. What should you do? • FIRST, contact the fraud departments of each of the three major credit bureaus: • Equifax: www.equifax.com • Experian: www.experian.com • TransUnion: www.transunion.com • SECOND, close the accounts • THIRD, file a police report

  17. Sources • "The 8 Types of Identity Theft." About.com Identity Theft. N.p., n.d. Web. 03 June 2013. • "Google." Google. N.p., n.d. Web. 03 June 2013. • "Identity Theft." Definition. N.p., n.d. Web. 03 June 2013. • "Financial Identity Theft Is the Most Common Form of ID Theft." Financial Identity Theft Is the Most Common Form of ID Theft. N.p., n.d. Web. 03 June 2013. • "Consumer Information." Medical Identity Theft. N.p., n.d. Web. 03 June 2013. • "Fact Sheet 17g: Criminal Identity Theft: What to Do If It Happens to You." Criminal Identity Theft: What to Do If It Happens to You. Privacy Rights Clearinghouse, n.d. Web. 03 June 2013. • "Types of Identity Fraud." Synthetic Identity Theft. N.p., n.d. Web. 03 June 2013. • "Consumer Information." Child Identity Theft. N.p., n.d. Web. 03 June 2013. • http://www.pandemoniumonline.org/wp-content/uploads/2013/02/lock-and-key.png • http://www.micash.net/wp-content/uploads/2011/02/identitytheft.jpg • http://appraisalnewsonline.typepad.com/photos/uncategorized/2007/11/18/idtheft.jpg • http://blog.myid.com/wp-content/uploads/2011/05/child-identity-theft-victim.jpg • http://www.stolenlostfound.org/images/identity-theft.jpg • http://www.ehow.com/facts_6049817_happens-people-commit-identity-theft_.html • http://www.identity-theft-scout.com/images/identity-theft-fraud.jpg • http://www.credit.com/credit-reports/identity-theft/how-to-credit-report/what-do-thieves-do-with-stolen-identities.jsp • http://www.privacymatters.com/identity-theft-information/how-identity-theft-committed.aspx

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