Combatting Fraud: Identity Theft
There are all sorts of scams out there. Commonly, scammers connive to get you to transfer them money or get your debit/credit card number over the phone. But, perhaps the scariest scam is getting your identity stolen.
When your identity is stolen, scammers may open fake accounts in your name or take out loans that you don’t find out about until months later. In these cases, you have to prove that you didn’t open the account or take out the loan in order to fix your damaged credit score.
If you ever find yourself in this situation, it’s important to be educated on what steps you need to take to repair the damage and prevent future occurrences of identity theft. You may think it will never happen to you, but it’s better to know the warning signs and be prepared now – just in case. Here are some resources to help you understand how identity theft happens and how you can protect yourself:
1. Preventing Identity Theft (PDF) - This document from the Federal Trade Commission provides quick tips to protect yourself from identity theft at home, work and on the computer.
2. Identity Theft Recovery Plan (PDF) - If a scammer does steal your identity, this information from the Federal Trade Commission provides a personal recovery plan, including pre-filled letters and forms, to help get you back on track.
3. Identity Theft Resource Center - Scammers are always trying new techniques to con people. Check out this article from the Identity Theft Resource Center that predicts the trends for identify theft, data privacy and cyber security in 2019.