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Vidaville :: Money Matters :: Debt & Credit :: Identity Theft
Printable version
Identity Theft
Protect Your Money

By: Barb Keck

It’s the fastest growing fraud in North America today. As many as 750,000 victims a year. A social insurance number and a date of birth are all that's needed for identity thieves to assume your identity. Once an identity has been acquired, they can transfer bank balances, apply for credit cards, and purchase items under your name.

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BEWARE! Identity thieves are using

  • Card-Skimming devices at places you shop
  • Cell phone cameras to take photos of your card data
  • Emails to lure you to hand over personal information
  • And trashing your garbage to find banking information
  • Email

    There have been swarms of emails advising you to follow through to update your records. They will tell you it is a mandatory process. What they are really doing is gathering your details only to empty your bank account and any other monies they can access through your information.

    Credit Card Skimming

    A credit card skimmer is a device designed to be used with cash registers and/or credit card machines. Your information which is encoded in the magnetic strip on the back of your card, will gather all the information they need to make a purchase, including your name, address, telephone number, card number, credit limit and PIN number.

    Cell phone-cameras

    The new cell phone-cameras are being used to take photos while you are banking or using your credit card. The new high-resolution cameras will give them a clear picture of your card information.

    Mail

    20,000 new cases popped up in 2002 —thieves will go to the post office have your mail redirected to their address, getting important personal information. They will then apply for and receive a credit card in your name.

    Minimize your risk. Practice your own security.

  • Don't give out information through emails or websites unless you initiated the contact. Instead, go directly to the website of the company you deal with and verify details from there.
  • Protect your PIN numbers, Hide your actions at any banking machine or bankcard processing machine.
  • Social security number, don't have it printed on you cheque.
  • Change your passwords often or as soon as you notice.
  • Don’t let anyone stand close to you while you are banking, even if they don’t appear to have a cell phone.
  • Shred any banking, billing statements or receipts before putting them in your garbage. Identity thieves will pick through your trash.
  • Bring your mail in as soon as possible, if you can’t, purchase a locked mailbox.
  • Keep an eye on your credit card; watch it doesn’t get swiped twice.
  • Before giving personal information to anyone check that you are dealing with a legitimate organization.
  • Organization's and companies post scam alerts on their websites when their name is used improperly.
  • You can help

    Learn more about how you can protect yourself and guard against identity theft by reporting illegal activity through these sites.

    Reporting Economic Crime On-line (RECOL) Partners: www.recol.ca

    National Information Fraud Centre: www.fraud.org

    US Social Security Identity Theft: www.ssa.gov

    Internet Fraud Complaint Center: www1.ifccfbi.gov

    How to report a scam - Fight Identiy Theft: www.fightidentitytheft.com

    NEW! To check if an email is a scam, visit www.snopes.com

    Other articles you may find interesting:

    Read Barb Keck's Biography

     

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