Identity Theft

Sat, 2 Jun 2007 15:44:54 +0100

The term identity theft was coined in 1996 due to the lobbying efforts of the Federal Trade Commission. During this time period many consumers where devastated to discover their information had been used for loans, mortgages, lines of credit, and other transactions. It is a very easy processes to gain financial benefits, as most financial services only require that they do a credit check before extending credit.

Steps you can take to Prevent Identity Theft

Sat, 2 Jun 2007 15:44:55 +0100

Identity theft is classified as the top whit collar crime, and it is spreading rapidly. Hackers are becoming more advanced in the ploys they use to collect information. These tactics include phishing, which is sending false e-mails that look like there are from legitimate companies.

How Online Identity Theft Happens

Sat, 2 Jun 2007 15:44:56 +0100

Online Identity Theft takes place more often than anywhere else. It can be months before the victim realizes anything has happened. Internet hackers are very good at what they do, and they can put a virus on your computer that allows them access to your personal information without you knowing. Before you know it online identity theft has taken place.

Commercial Identity Theft

Sat, 2 Jun 2007 15:44:57 +0100

The concept of commercial identity theft is one that can be prevented if security measures are securely in place. Here are some steps you can take to protect your business from becoming compromised. It isn’t a good idea to store the information of those who make purchases from you on your business computer.

What can you do as an Identity Theft Victim

Sat, 2 Jun 2007 15:44:58 +0100

Make sure you keep very detailed records of who you talk to in regards to your accounts. You also need to place a fraud alert on your credit reports. This will prevent anyone from accessing credit in your name because all requests have to be verified with you. You will also be allowed to obtain a free credit report to take a look at. Do all you can to prevent becoming an identity theft victim.

Where to Report Identity Theft

Sat, 2 Jun 2007 15:44:59 +0100

If you are a victim of identity theft, it is vital that you report it immediately. The entire process can drain you both physically and emotionally but it is necessary so that action can be taken from law enforcement. You will need to report identity theft to federal agencies as well so that they can start an investigation. Of course you need to have the right information on who to call in your time of need. Acting quickly can help reduce the impact when all is said and done.