identity theft is one topic which is very imp to all user who are performing banking transaction online

1. Types of Identity Theft
Pooja Kalra
SRIMCA 2013

2. Types of Identity Theft
• Financial ID Theft
• Criminal ID Theft
• Identity Cloning
• Business ID Theft
• Medical ID Theft
• Synthetic ID Theft
• Child ID Theft

3. Types of Identity Theft
• Financial ID Theft
• Criminal ID Theft
• Identity Cloning
• Business ID Theft
• Medical ID Theft
• Synthetic ID Theft
• Child ID Theft

4. Financial ID Theft
• Financial ID theft include bank fraud ,credit card fraud .
• Financial ID occur when a fraudster makes a use of someone else's
identifying details ,such as name SSN and bank account.
• Fraudster can open a new credit card account in the victim’s name
and card charges up, payment is ignored, leaving the victim with bad
credit history.
• Sometime fraudster completely takeover the victim ‘s identity, which
enables the fraudster to easily open bank accounts, multiple credit
cards,purchase a vehicle ,receive a home loan or even find
employment in victim’s name.

5. Types of Identity Theft
• Financial ID Theft
• Criminal ID Theft
• Identity Cloning
• Business ID Theft
• Medical ID Theft
• Synthetic ID Theft
• Child ID Theft

6. Criminal ID Theft
• A specific type of ID theft that occurs when a criminal gives another
person’s name or personal identification to a law enforcement.
• Criminal identity theft occurs when someone arrested for a crime uses
another person's name and identifying information, resulting in a criminal
record being created in that person's name.
• When that happens, the victim of criminal identity theft can have
problems with law enforcement or be unable to gain employment. It is a
serious, but rare, problem.

7. Types of Identity Theft
• Financial ID Theft
• Criminal ID Theft
• Identity Cloning
• Business ID Theft
• Medical ID Theft
• Synthetic ID Theft
• Child ID Theft

8. Identity Cloning
• When a fraudster lives as the victim, getting married, working, paying
taxes and possibly committing crimes.
• Identity cloning is the act of a fraudster living a natural and usual life
similar to a victim’s life, may be at different location.

9. Types of Identity Theft
• Financial ID Theft
• Criminal ID Theft
• Identity Cloning
• Business ID Theft
• Medical ID Theft
• Synthetic ID Theft
• Child ID Theft

10. Business ID Theft
• When most people think of identity theft, they imagine an individual
victim’s Social Security or credit card number being stolen.
• However, identity theft does not just affect individuals. Business
identity theft occurs when a business’s identity is used to transact
business and establish lines of credit with banks and/or vendors.

11. Types of Identity Theft
• Financial ID Theft
• Criminal ID Theft
• Identity Cloning
• Business ID Theft
• Medical ID Theft
• Synthetic ID Theft
• Child ID Theft

12. Medical ID Theft
• Medical identity theft happens when someone steals your personal
information and uses it to commit health care fraud. Medical ID thieves may
use your identity to get treatment — even surgery — or to cheat insurers by
making fake claims.
• Repairing damage to your good name and credit record can be difficult
enough, but medical ID theft can have other serious consequences.
• If a scammer gets treatment in your name, that person’s health problems
could become a part of your medical record.

13. Types of Identity Theft
• Financial ID Theft
• Criminal ID Theft
• Identity Cloning
• Business ID Theft
• Medical ID Theft
• Synthetic ID Theft
• Child ID Theft

14. Synthetic ID Theft
• This is the “latest thing” in the ID theft world.
• The thief will take parts of information from many victims and
combine it.
• The new identity isn’t any specific person, but all the victims can be
affected when it’s used. It will show up in the areas above, so look to
those sections for additional information.

15. Types of Identity Theft
• Financial ID Theft
• Criminal ID Theft
• Identity Cloning
• Business ID Theft
• Medical ID Theft
• Synthetic ID Theft
• Child ID Theft

16. Child ID Theft
• Child identity theft occurs when a child’s Social Security number is
used by another person for the fraud’s personal gain. The fraud can
be a family member, a friend, or even a stranger who targets
children.
• A child's Social Security number can be used by identity thieves to
apply for government benefits, open bank and credit card accounts,
apply for a loan or utility service, or rent a place to live. Check for a
credit report to see if your child’s information is being misused. Take
immediate action if it is.

17. Case Studies

18. Case study 1
CHRIS FROM ARIZONA :•AllClear ID discovered that a 17-year-old girl has over $725,000 in
debt. Chris’s daughter’s Social Security number was linked to eight
different suspects living in border states. The suspects opened 42 open
accounts including auto loans, credit cards, and bills in collections
including medical, credit cards, and utilities.
•STATUS: The case is in progress.

19. Case study 2
STEPHANIE FROM IDAHO :•AllClear ID discovered that Stephanie, a minor, had a credit file with
unpaid debt. The suspect used Stephanie’s Social Security number to
open two different accounts with mobile phone companies, leaving
over $1,000 in unpaid bills. The unpaid bills had moved into collections
and were reported– establishing a history of bad credit for Stephanie.
•RESOLUTION: AllClear ID worked with Stephanie’s parents to file police
reports and restore her credit file and identity.

20. Thank You