Identity Theft

How does identity theft work? First, criminals fraudulently obtain someone's legal and financial identities – credit card numbers, Social Security numbers, ATM or phone calling cards, etc. Then they use this information and pretend to be the owners, running up charges and cash withdrawals as fast as they can before impersonating their next victim.

Thieves used to pick pockets for this information; today, they impersonate employers or bankers to obtain copies. They also watch victims at ATM machines or phones and steal PIN numbers. Pilfering bank statements, credit card offers, or other mail is common, too.

Often, the first sign of trouble is that the victim's phone number suddenly becomes unlisted. Doing this enables criminals to postpone credit check calls while they steal as much as they can.

Reduce Identity Theft Risk

• Call Opt-Out at 888-567-8688 to have your name removed from pre-approved credit card lists.
  
• Write to the Direct Marketing Association's Mail Preference Service at P.O. Box 9008, Farmingdale, NY 11735 to have your name purged from mailing lists.
  
• Reduce the number of credit cards you hold and close out any you rarely use.
  
• Never give your Social Security or credit card numbers on the phone or online unless you originate the transaction.
  
• Look for lurkers when you use ATMs or phones.
  
• Secure your home mailbox.
  
• Get an update from a national credit-reporting agency annually.

If You’re a Victim

Immediately report the crime to the police, the Post Office, the local Social Security office, your financial institutions, and credit card issuers. Notify the following three credit reporting companies.

Credit-Reporting Companies

EQUIFAX – 800-525-6285.
P.O. Box 740250, Atlanta, GA 30374
EXPERIAN – 888-397 - 3 742
P.O. Box 1017, Allen, TX 75013
TRANS UNION – 800-680-7289
P.O. Box 6790, Fullerton, CA 92634