Coping With Identity Theft

Lock your doors, hide your money in the safe,8. While creating passwords and PIN numbers,
hire security guards to protect your prizedavoid using numbers from social security, birth
possessions, but what can you do if someonedate, middle name or any kind of important
stole your identity? If something valuable is stolen,personal numbers; these are said to be easy for
you can call the police and hope to get yourcriminals to figure out.
stolen property back. Rightly termed as the crime9. Cross check that financial institutions are
of the 21st century, victimizing millions ofsafeguarding your important data. Insist on the
Americans, you can do very little if you find yourremoval of account numbers from ATM slips; also
identity stolen. Identity theft is on the rise, andask them to shred the paper reports before
nearly everyone is vulnerable to this new-agethrowing them away.
form of fraud.After the Theft
How is it done?1. The moment you feel that there has been an
Using all possible methods, criminals steal creditidentity theft, it is important to report the crime
card numbers, social security numbers, telephoneto the police. Provide all the requisite documented
calling cards, ATM cards and other key pieces ofevidence. Even if the police refuse to give the
an individual's identities. The information on these isreport, be persistent and demand it. Keep the
used to impersonate the victim, by spendingpolice report for the bank and credit card
maximum money in the shortest time they can.company's reference.
Preventive steps or Precautions2. Inform the banks, cancel all the savings and
1. Avoid carrying valuable documents and cardschecking accounts and get new account numbers.
with you whenever you go out, unless it's3. Call the 3 credit reporting companies and ask
absolutely necessary.them to flag the accounts. Ask for a fraud alert
2. Opt for the Direct Marketing Associations Mailto be attached to the report and extend it later if
Preference Service and the Telephone Preferenceyou want to. This fraud alert lets creditors
Service. By doing this, your name is added to thecontact you whenever there is an attempt to
computerized name deletion lists used byopen an account in your name.
marketers all over the nation.4. File an ID theft affidavit with the Federal Trade
3. Pick the newly ordered checks from the bankCommission after reporting the theft. This
and do not allow them to be sent to youraffidavit can be sent to credit bureaus and
residential address.institutions to close fraudulent debts and accounts
4. To keep the mailing system secure, install aopened in your name.
locked mailbox at your residence.5. Lastly, do not blame yourself for the theft, you
5. Post mail bills and other sensitive items at thebeing the victim should not feel guilty for the
post office instead of the neighborhood droptheft, and instead handle the situation calmly.
boxes. Sometimes the envelopes containing theDo not let all the reputation and respect you have
address could land in the wrong hands and beearned be trifled with by a petty thief. It is
altered.sometimes observed that people you know are
6. Do not give out information over the phonethe ones who sabotage your identity by using it
unless it is an individual belonging to a trustedagainst you. Be on the safe side and avoid
company. Lottery and 'lucky dip' calls should notdisclosing any personal information to anyone. The
be entertained, as they are usually hoax.identity you have been given is yours to have; no
7. Release Social Security Numbers (SSN) only if itother person has the right to take it from you.
is necessary.