During this workshop, Mr. Taylor will be discussing how this growing crime is affecting individuals, families and small businesses. Never before has there been a greater need for understanding identity theft and its impact. In the workshop you will: • Learn what ID Theft is and how to minimize the devastating effects • Be introduced to the major types of identity theft • Learn how to better protect personal and small business information • Learn about restoration services and credit monitoring plans

1. Protecting Families, Finances, and Your FutureProtecting Families, Finances, and Your Future

3. The Federal Trade
Commission reports
that identity theft has
been the NUMBER
ONE consumer
complaint for ELEVEN
consecutive years!
Identity Theft FactsIdentity Theft Facts

4. • Over 512 million Americans’ Identities have been
reported lost or stolen since January 2005. www.privacyrights.org
• Over 400,000 dead people opened bank accounts last
year.
• The revenue from trafficking financial data has
surpassed that of drug trafficking. – US Secret Service
• Over 3.5 million children have already fallen victim to
identity theft in the US.
Identity Theft FactsIdentity Theft Facts

5. • “Identity Theft is poised to increase by a factor of 20
over the next two years. The criminals are still trying
to figure out what to do with all the data.”
• There are currently over 31,000 NEW identity theft
victims EVERY DAY! 1 in every 3 seconds!
• You are THREE times more likely to have your
identity stolen than you are to have your house or
car broken into.
Identity Theft FactsIdentity Theft Facts

6. • The average dollar amount
charged in Identity Theft:
$96,800
• The average time taken by a
victim to restore their identity
is 600 hours.
• Most identity theft issues are non-
credit related.
Identity Theft FactsIdentity Theft Facts

7. Unexpected Secondary Effects:
•Denied Credit
•Higher Insurance Rates
•Credit Card Rate Increases
•Battling Collection Agencies
•Ability To Get A Job
•Criminal Record
Identity Theft EffectsIdentity Theft Effects

8. Identity Theft EffectsIdentity Theft Effects
We have found that identity theft
can lead to many legal issues
including:
• Criminal Charges
• Arrests
• Lawsuits
• Garnishments
• Civil Litigations
• IRS Audits

9. Discovery:
•85% of victims were unaware of theft until they needed
to verify their identity.
•Moment of discovery typically occurs in one of three
ways:
• A critical point in their lives – buying a home, car or applying for a job
• Via a negative notification – denial of credit, employment or law
enforcement notification.
• Pro-Active efforts from business or individual consumer.
Identity Theft DiscoveryIdentity Theft Discovery

10. Identity Theft ImpactIdentity Theft Impact
Identity Theft impacts
On Small Business

11. • Does it start with your
employees?
• How do you handle
records?
• 32% of data Breaches are a
result of Human Error
Data Breaches
Identity Theft ImpactIdentity Theft Impact

12. For the fifth year in a row, data breach costs have continued toFor the fifth year in a row, data breach costs have continued to
riserise
• The average organizational cost of a data breach this year isThe average organizational cost of a data breach this year is
7% from last year!7% from last year!
• Total breach costs an average ofTotal breach costs an average of $314$314 per compromisedper compromised
record. (RED FLAGS RULES)record. (RED FLAGS RULES)
• 1 in 4 data breach notification recipient became a victim.1 in 4 data breach notification recipient became a victim.
Are the Businesses You Frequent or Work for ExposingAre the Businesses You Frequent or Work for Exposing
You to an Identity Thief?You to an Identity Thief?
Data Breaches
Identity Theft ImpactIdentity Theft Impact

13. Who are Identity ThievesWho are Identity Thieves
Protecting Families, Finances, and Your FutureProtecting Families, Finances, and Your Future
Who are Identity Thieves?Who are Identity Thieves?
Organize crimeOrganize crime
GangsGangs
Employees (Business and Government)Employees (Business and Government)
Family Member or FriendsFamily Member or Friends
And thieves of course.And thieves of course.

15. Drivers
License
Medical FinancialEmployment
SSA & IRS
Character &
Criminal
Minor
Children
Types of Identity TheftTypes of Identity Theft

16. Types of Identity TheftTypes of Identity Theft

17. Drivers
License
Medical FinancialEmployment
SSA & IRS
Character &
Criminal
Minor
Children
Types of Identity TheftTypes of Identity Theft

18. Types of Identity TheftTypes of Identity Theft

19. Drivers
License
Medical FinancialEmployment
SSA & IRS
Character &
Criminal
Minor
Children
Types of Identity TheftTypes of Identity Theft

20. Types of Identity TheftTypes of Identity Theft

21. Drivers
License
Medical FinancialEmployment
SSA & IRS
Character &
Criminal
Minor
Children
Types of Identity TheftTypes of Identity Theft

22. • Credit card fraud accounts for
less than 17% of identity theft.
• A thief can destroy your good
credit in a matter of hours.
• Financial and media groups
have done a great job telling
people that identity theft is
mostly “credit monitoring.”
Types of Identity TheftTypes of Identity Theft

23. Drivers
License
Medical FinancialEmployment
SSA & IRS
Character &
Criminal
Minor
Children
Types of Identity TheftTypes of Identity Theft

24. Types of Identity TheftTypes of Identity Theft
“I owe $16,000 on my
credit cards, my
condo’s in foreclosure
and I turn seven on
Friday.”

25. Types of Identity TheftTypes of Identity Theft
• Over 3.5 million children have already been victims ofOver 3.5 million children have already been victims of
Identity Theft. Of course, this is the number ofIdentity Theft. Of course, this is the number of
discovered cases; the actual number may be muchdiscovered cases; the actual number may be much
higher.higher.
• Unfortunately many cases of Child Identity Theft are
not linked to credit. Criminals are using children's
identities to commit crimes, apply for Social Security
benefits, obtain a driver’s license, and even get medical
treatment.

26. Stealing
RFID
Data
Breaches
Methods of Identity TheftMethods of Identity Theft

27. Conclusion:
Our Current Privilege
Authorization Systems
Are
BROKEN
Identity TheftIdentity Theft

29. Protecting Families, Finances, and Your FutureProtecting Families, Finances, and Your Future

30. Identity Theft Protection TipsIdentity Theft Protection Tips
1. Review a current copy of your credit report.
2. Make sure you shred “junk mail” and unwanted credit card offers!
3. Opt out when you receive Privacy Statements – You must write them to
stop companies from sharing your information.
4. Do not carry your Social Security Card – Keep it safe at home.
5. Do not carry extra credit cards.
6. Copy the contents of your wallet and store in a secure place.

31. Identity Theft Protection TipsIdentity Theft Protection Tips
7. Do not mail bill payments and checks from home. Use locked
mailboxes.
8. Do not print your Social Security number or drivers license number
on your checks.
9. Order your Social Security Earnings and Benefits statement and check
it for accuracy.
10. Examine charges on your credit card statements each month.
11. Never give your credit card number or personal information over the
phone unless you initiated the call.
12. Invest in an identity theft protection plan that provides restoration
services.

32. TMTM

33. • Unfortunately Child Identity Theft is impossible to prevent.
Children should not have a credit report, and fraud alerts can
not be placed on a report that does not exist.
• Parents/Legal Guardians can contact the three credit bureaus
and request a credit report. If the response from the credit
bureau is “A report does not exist”, then the child does not
have a credit file.
• All correspondence must be sent certified/return receipt
requested to prove you sent the information.

34. Experian
PO Box 9532
Allen, TX 75013
Be sure to include:
• A copy of the child’s birth certificate listing the parent as a parent, or documentation
showing legal guardianship
• A copy of the child's Social Security card
• A Cover Letter including the full name of the child, the child’s date of birth, previous
addresses for the last five years, and the parent’s name and address
• A copy of the parent’s own ID card, such as driver’s license or state/military issued
photo id card.
• Request the child’s credit report by SSN. Remember thieves may use a different name.
Transunion
PO Box 6790
Fullerton, CA 92834
Equifax
Office of Consumer AffairsOffice of Consumer Affairs
P.O. Box 105139P.O. Box 105139
Atlanta, GA 30348Atlanta, GA 30348

36. It Takes about
60 seconds
to find out that
you are a
victim of
identity theft
= PANIC
Do it Your Self Plan
It is an average of
600 hours
= 40hrs x 3.75
months
to restore a
person’s identity
Identity Theft PlansIdentity Theft Plans

37. Identity Theft PlansIdentity Theft Plans
• SSN Statement
• MIB Group - Medical
• Drivers Record Report
• Court Records
• Credit Reports

38. Identity Theft PlansIdentity Theft Plans
• Monitoring Plans
• Reimbursement Plans
• Fraud Alert Services
• Restoration Plans

39. Identity Theft PlansIdentity Theft Plans
• NO PLAN CAN PREVENT ID THEFT. FLAG-FLAG-FLAG
• Monitoring plans are that! Monitors - Smoke Alarm
• Some provide for all three Credit Bureaus (Equifax, Experian and TransUnion)
• Most only covers financial and not other areas of ID theft
• Black Market Surveillance/scanning – monitor known criminal websites – REALLY!!
• Reimbursements/1 Million Insurance Plans- not restoration
• Must follow explicit instructions to receive – Still have to do the leg work
COMPARINGCOMPARING IDID
PLANSPLANS

40. Identity Theft PlansIdentity Theft Plans
Restoration Services:
• Some restoration sites indicate “ Professional assistance, advocate
or specialists”
• Meaning Step-by-step instruction
• Not Licensed Investigators
• Not all offer limited power of attorney
COMPARINGCOMPARING IDID
PLANSPLANS

41. Identity Theft BlogsIdentity Theft Blogs
• ITAC
• FTC
• IRS
• robtaylorhrm.wordpress.com
“Do you Know Where Your Identity Is Today!”
• robtaylorid.blogspot.com

42. Protecting Families, Finances, and Your FutureProtecting Families, Finances, and Your Future