company names mentioned herein are for identification and educational purposes only and are the property of, and may be trademarks of, their respective owners.

1. Welcome to
ID Theft
& ACCOUNT
FRAUD
a
Prevention & Cleanup
© 2012
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

2. What will you learn?
 During this presentation you will learn:
• How ID theft and account fraud
happen
• The effects of ID theft and account
fraud
• How to avoid becoming a victim
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

3. What is ID theft and account fraud?
 When someone steals another
person’s personal information
to commit fraud
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

4. Other types of ID theft
 Medical ID theft
 Theft of a child’s identity
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

5. Theft of a deceased person’s identity
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

6. Criminal ID theft
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

7. How do thieves get your information?
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

8. Data breach
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9. The costs of identity theft
 Average fraud amount per victim in
2010: $4,607
 Estimated out-of-pocket cost for
victims of ID theft in 2010: $631
 Victims may spend more than 100
hours cleaning up a newly opened
fraudulent account.
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

10. ID theft prevention
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

11. Specialty reports
Medical Information Bureau
(MIB)
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12. Specialty reports
Residential tenant reports
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13. Check writing history reports
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14. Employment data reports
 The Work Number maintains
information on approximately 25
million employees.
 800-996-7566
 www.theworknumber.com
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A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

15. Insurance claims reports
 Informs insurers about claims you
have made against your
homeowners or automobile
insurance policies
 LexisNexis C.L.U.E.: 866-312-8076
 Insurance Services Office (ISO)
A-Plus: 800-627-3487
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

16. Employment background
check reports
 LexisNexis Employment History
Report
 866-312-8075
 personalreports.lexisnexis.com/em
ployment_history_report.jsp
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

17. Internet safety
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

18. Active duty alert
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A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

19. Already an ID theft victim?
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

20. ID theft cleanup
 File a police report.
 Contact appropriate state and federal law
enforcement agencies.
 Complete a free ID theft affidavit from the
FTC: www.ftc.gov/idtheft.
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

21. Fraud alerts
What is a fraud alert?
 Credit bureaus will work with you to verify
information and delete fraudulent data in
reports.
 Place a minor alert if you suspect your
child’s identity has been stolen.
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

22. Freeze your credit
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23. Shopping for ID theft services
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

24. Dealing with collection agencies
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25. MoneyWI$E
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26. Non-profit resources
 Consumer Action:
www.consumer-action.org
 Identity Theft Resource Center:
www.idtheftcenter.org
 National Fraud Information
Center:
www.fraud.org
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

27. Non-profit resources
 Privacy Rights Clearinghouse:
www.privacyrights.org
 AARP:
www.aarp.org/money/scams-fraud/
 Nat’l Assoc. of Attorneys
General (NAAG):
www.naag.org
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP

28. Visit money-wise.org
for additional information and to access
free financial education materials
MoneyWI$E
A CONSUMER ACTION AND CAPITAL ONE PARTNERSHIP