Identity Theft and What You Can Do About It – Part One
Identity theft and identity fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain. Unlike your fingerprints, which are unique to you and cannot be given to someone else for their use, your personal data, bank account or credit card number and other valuable identifying data can be used by bad guys for profit at your expense. There has been a dramatic rise recently with people reporting that unauthorized persons have taken funds out of their bank or financial accounts, or, in the worst cases, taken over their identities altogether, running up vast debts and committing crimes while using their names. In many cases, a victim’s losses may include not only out-of-pocket financial losses, but substantial additional financial costs associated with trying to restore his reputation in the community and correcting erroneous information for which the criminal is responsible.
What Are The Most Common Ways To Commit Identity Theft Or Fraud?
Many people do not realize how easily criminals can obtain our personal data without having to break into our homes. In public places, for example, criminals may engage in “shoulder surfing” watching you from a nearby location as you punch in your credit card number or listen in on your conversation if you give your credit-card number over the telephone to a hotel or rental car company.
Even the area near your home or office may not be secure. Some criminals engage in “dumpster diving” going through your garbage cans or a communal dumpster or trash bin — to obtain copies of your checks, credit card or bank statements, or other records that typically bear your name, address, and even your telephone number. These types of records make it easier for criminals to get control over accounts in your name and assume your identity.
If you receive applications for “pre-approved” credit cards in the mail, but discard them without tearing up the enclosed materials, criminals may retrieve them and try to activate the cards for their use without your knowledge. Also, if your mail is delivered to a place where others have ready access to it, criminals may simply intercept and redirect your mail to another location.
The Internet has of course become the tool of choice for identity thieves. In their haste to explore the exciting features of the Internet, many people respond to “spam” unsolicited E-mail that promises them some benefit but requests identifying data, without realizing that in many cases, the requester has no intention of keeping his promise. In some cases, criminals reportedly have used computer technology to obtain large amounts of personal data.
With enough identifying information about an individual, a criminal can take over that individual’s identity to conduct a wide range of crimes: for example, false applications for loans and credit cards, fraudulent withdrawals from bank accounts, fraudulent use of telephone calling cards, or obtaining other goods or privileges which the criminal might be denied if he were to use his real name. If the criminal takes steps to ensure that bills for the falsely obtained credit cards, or bank statements showing the unauthorized withdrawals, are sent to an address other than the victim’s, the victim may not become aware of what is happing until the criminal has already inflicted substantial damage on the victim’s assets, credit, and reputation.
What Can I Do About Identity Theft And Fraud?
To victims of identity theft and fraud, the task of correcting incorrect information about their financial or personal status, and trying to restore their good names and reputations, may seem as daunting as trying to solve a puzzle in which some of the pieces are missing and other pieces no longer fit as they once did. Unfortunately, the damage that criminals do in stealing another person’s identity and using it to commit fraud often takes far longer to undo than it took the criminal to commit the crimes.
Sean Bennett is Commercial Director at Orthus limited (http://www.orthus.com). Orthus is a leading provider of information risk professional services, helping orgnisations globally to measure, minimise and manage the information risks they face. Orthus provide end to end services for clients to comprehensivly address risk in their environments including Insider Threats, addressing issues including data leakage, sabotage and fraud; External Threats (http://www.orthus.com/dr_overview.htm) including wireless security, penetration testing, virtualisation security, vulnerability management and Secure Software Development Life-Cycle; Supply Chain Threats including securing cloud services and data processed by third parties; and Legal and Regulatory challenges including Payment Card Industry (PCI) Data Security Standard (DSS). Article Source:http://www.articlesbase.com/security-articles/identity-theft-and-what-you-can-do-about-it-part-one-981924.html
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