Asked in Acronyms & AbbreviationsIdentity Theft Issues
What should be done with identity theft?
July 11, 2016 2:14PM
Identity theft occurs when someone uses your personally identifying information, like your name, Social Security number, or credit card number, without your permission, to commit fraud or other crimes.
According to ftc.gov website there are number of ways thieves steal our identity.
1. Dumpster Diving. They rummage through trash looking for bills or other paper with your personal information on it.
2. Skimming. They steal credit/debit card numbers by using a special storage device when processing your card.
3. Phishing. They pretend to be financial institutions or companies and send spam or pop-up messages to get you to reveal your personal information.
4. Changing Your Address. They divert your billing statements to another location by completing a change of address form.
5. Old-Fashioned Stealing. They steal wallets and purses; mail, including bank and credit card statements; pre-approved credit offers; and new checks or tax information. They steal personnel records, or bribe employees who have access.
6. Pretexting. They use false pretenses to obtain your personal information from financial institutions, telephone companies, and other sources. For more information about pretexting,
In my own personal opinion I believe my fellow classmate Morgan is correct. Our technology is so advanced and there are millions of professionals hijackers who do this for a life. Your information may never be 100% safe. They can get your information on the internet or in person. Sometimes people either lose their wallets or purse or they get stolen. Yes there are programs that are either free or they sell them to you to protect you from identity theft but believe me it doesn't always work. I have experience identity theft before. I had to report to all 3 credit bureaus and fight for the charges on all my credit cards. Believe me it may take a while to get it all cleared up and doing the police report. They don't let you off the hook that easily. All I can really say is keep your wallet or purse safe. Try not to lose them. If you want you can try the identity theft programs. The biggest thing would be don't ever give out your personal information. There are a lot of people that enter them online and that is where most of the time it gets stolen. Unless you trust the website. We should have stronger laws against identity theft. It isn't fair of all of what the victim must go through. You should always monitor your bank accounts and check your credit with the 3 credit bureaus.