Minimizing the disaster of identity theft depends primarily on your vigilance in guarding your privacy. You've got to guard your personal information diligently. Here are some tips for keeping your private information secure:
For more tips, read Preventing Identity Theft.
Identity theft is a growing national epidemic. The 2017 report on identity theft by Javelin Strategy & Research estimated that in 2016, a record number of 15.4 million U.S. adults were victims of identity theft (the number was approximately 8 million in 2010), costing consumers a whopping $16 billion dollars.
An identity thief can cash a check, obtain a loan, open credit accounts and charge them to the max, rent an apartment, buy a car, purchase a cell phone and talk to someone all day, and, worse, commit a serious crime all in your name.
Yes. In 1998, Congress passed the Identity Theft and Assumption Deterrence Act (18 U.S.C. § 1028). The Act makes the use of another person's identification with the intent to commit any unlawful activity a federal felony. Federal agencies -- including the U.S. Secret Service, the FBI, and the U.S. Postal Inspection Service -- investigate suspected violations of the Act. The U.S. Department of Justice handles prosecutions. Federal law enforcement agencies usually do not investigate individual cases unless the dollar amount is high or the victim is one of many people victimized by the same perpetrator or fraud ring.
The Federal Trade Commission (FTC) maintains a central website devoted to identity theft at www.identitytheft.gov. Not only can you report identity theft fraud to the FTC online, but you'll receive a specialized recovery plan that will walk you through the steps you'll need to take reclaim your identity.
The Privacy Rights Clearinghouse maintains an excellent website with reports on a variety of privacy-related issues, including identity theft, at www.privacyrights.org.
The State of California's Office of Privacy Protection (www.privacy.ca.gov) has California-specific information.
As soon as you are aware of the problem, do the following:
Report the theft to the FTC and receive a recovery plan. On the Federal Trade Commission website, you can report the theft online. Not only will you receive forms and an identity theft report you can provide to creditors and law enforcement, but you'll receive a step-by-step plan of action. You can start the process by going to www.identitytheft.gov.
Contact the police. File a police report and keep several copies. You'll likely need to send copies to credit bureaus, creditors, collectors, banks, and so on.
Cancel your credit cards, ATM cards, and phone cards. Notify your bank of the problem and close all existing bank accounts.
Call the credit bureaus. Ask the credit bureaus to issue a fraud alert and attach a statement to your report. Also, be sure to get copies of your credit report from each of the credit bureaus. You can ask that the reports be free-of-charge because you believe they contain inaccurate information due to fraud. (For information on ordering credit reports, read Cleaning Up Your Credit Report: An Overview.)
Report stolen checks. Contact your bank and one or more of the major check verification companies--request that they notify all retailers who use their databases not to accept your checks. There are many check verification companies. A couple include:
Request fraud alerts from one of the three nationwide credit reporting agencies. Start with an initial fraud alert, which you can do any time. This states that you do not authorize an additional card for an existing account, an increase in the credit limit of an existing account, or new credit (other than an extension of credit on an existing credit card account). The agency receiving the alert must notify the other two agencies, and all three must place an initial alert in your file for 90 days. (Note: Because the initial alert requires creditors to take reasonable measures to confirm your identity, the alert may delay your ability to get credit.) Follow that up with a request for an extended fraud alert, which lasts seven years--you can do this only when you've actually filed your identity theft report.
Review your Social Security earnings statement. Look for evidence that your Social Security number has been used fraudulently. Get a copy of your Social Security Earnings and Benefit Statement and look for earnings for jobs you've never had.
If someone is using your driver's license number fraudulently, obtain a new number. You should be prepared to show proof of theft and damage.
Notify the post office if you suspect the thief filed a phony change of address form. Fill out a “False Change of Address Complaint, ” available from the U.S. Postal Inspection Service at www.ehome.uspis.gov/mailtheft/fcoa.aspx.
Take control. You'll want to take control of the situation and not waste time waiting for someone else to step up and help you. Vigilance is essential. Do not pay bills that you are not responsible for. Be persistent with police, credit bureaus, credit card companies, and banks. Seek out assistance with the FTC. Continue to call and write letters. Keep track of your efforts to stop the theft and reverse the damage.
For more information, see Stolen Identity? Here's What to Do.
Someone could steal your identity very easily by:
To learn how to protect yourself against identity theft by reading Preventing Identity Theft.