IDENTITY THEFT....How It Happens

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Identity theft can occur in a number of different ways.  If you know what to look for and how it happens, you can self-detect identity theft before it happens, minimizing losses.  Here are some common scenarios to watch out for:

What identity thieves can do:

Using everyday items such as your driver's license or Social Security Number to assume your identity, a skilled thief can:

• Open new bank accounts and write bad checks
• Establish new credit card accounts
• Obtain personal or car loans
• Get cash advances
• Set up cellular or utility services
• Change your credit card mailing addresses and make purchases on your existing account
• Obtain employment
• Rent an apartment

How Identity Thieves Do It:

• Lost/stolen wallet or checkbook - The most commonly reported source of information used to commit fraud is a lost or stolen wallet or checkbook.  Stolen wallets and checkbooks usually contain a number of credit and debit cards, in addition to other personal documentation.  Using these items, a thief can get enough information to obtain credit under the victim's name, or sell the information to an organized crime ring.
• Dumpster Diving - Thieves run through trash cans for pieces of non-shredded personal information that they can use or sell.
• Mail theft - Crooks search mailboxes for pre-approved credit offers, bank statements, tax forms, or convenience checks(checks sent to you by your credit card company decreasing your credit card available limit).  They also look for credit card payment envelopes that have been left for postal carrier pick-up.
• Inside sources - Half of all identity fraud is committed by friends, family members, relatives, employees and live-in caregivers with access to privileged information.  Info such as personal records, payroll information, insurance files, account numbers, or sales records can be a great to help any identity thief.
• Imposters - Many people have fallen victim to identity theft by individuals who fraudulently pose as someone who had a legitimate or legal reason to access the victim's personal information ( e.g., a landlord or employer asking for background information).
• Documents in the home - Unfortunately, identity thieves can gain legitimate access to someone's home and personal information through household work, babysitting, healthcare, friends or roommates.
• Online data -  Although most identity theft occurs through traditional methods such as the ones outlined above, risks still exist online.  Be cautious when sending information as it can be easily intercepted by thieves.  Make sure you are utilizing a reputable, safe website.