Identity Theft 101 Wanda Downs, AAP Director, CU Development & - - PowerPoint PPT Presentation

Identity Theft 101

Wanda Downs, AAP Director, CU Development & Marketing

Identity Theft 101 Identity Theft 101

• Wanda Downs
• First Carolina Corporate Credit Union, 2004 to present

> Director of CU Development & Marketing

• AAP Certified 2009
• Graduate of CUNA’s SRCUS of Management, 1999
• Graduate of CUNA’s Financial Management, 1997
• Manager/CEO of Purolator EFCU (1994-2003)
• Manager of Fayetteville Observer-Times CU (1992-

1994)

• Victim of Identity Theft & Fraud 1997

Identity Theft 101 Identity Theft 101

• What is identity theft?

Currently no STANDARD global definition Became a federal crime in the US on

10/30/1998 with the enactment of the Identity Theft and Assumption Deterrence Act of 1998, 18 USC §1028 (a) (7)

The Act covers both identity theft and identity

fraud

It is NOT just a financial crime

Identity Theft 101 Identity Theft 101

• Identity Theft vs. Identity Fraud

This Act states that identity theft occurs when a

person:

“Knowingly transfers or uses, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of Federal law, or that constitutes a felony under any applicable State or local law.”

Identity Theft 101 Identity Theft 101

• Identity Theft vs. Identity Fraud

Identity fraud basically occurs when

individuals knowingly and without lawful authority produces an identification document, authentication feature, or a false identification document with the intent to defraud others, including the United States.

Identity Theft 101 Identity Theft 101

• Information relevant to identity theft

The victim’s name Date of birth Social Security Number Address Mother’s maiden name

Identity Theft 101 Identity Theft 101

• Types of identity theft

Technological – Credit/Debit Card, Skimming,

Pretexting, Man-in-the-Middle, Pharming, Vishing, Search Enging Phishing, SMishing

Non-technological – Dumpster diving, Mail

theft, Social Engineering, Shoulder Surfing, and theft of personal items

Identity Theft 101 Identity Theft 101

• Who’s at risk? *Center for Identity Management and Information Protection

0% 5% 10% 15% 20% 25% 19 and under 20‐29 30‐39 40‐49 50‐59 60‐69 70‐79 2011 2012 2013

Identity Theft 101 Identity Theft 101

• SC ranks #17 in the nation for identity

theft complaints; NC ranks #24:

 70.7 vs. 67.8 (complaints per 100,000 population)

• NC ranks #23 in the nation for fraud and
• ther complaints; SC ranks #25:

423 vs. 419 (complaints per 100,000 population)

• Top 10: FL, GA, NV, MI, MD, CA, AZ,

NJ, DE, TX, *NY

• *Consumer Sentinel Network Data Book, 2013

Identity Theft 101 Identity Theft 101

• Most Common Uses

Identity Theft 101 Identity Theft 101

• What to do if you become a victim?

File a report with the FTC File a police report & local federal authorities File a report with a credit bureau agency and obtain

copies of credit report from each agency

Maintain a copy of each report you file Notify the Social Security Administration College students should contact the Department of

Education

FOLLOW UP!

Identity Theft 101 Identity Theft 101

• Do’s of ID Theft Protection

Review your credit report annually Review monthly financial statements Shred papers containing personal & medical

information

Use a secured box drop for mail Close unused credit accounts Protect your SSN Own a separate computer for financial matters

Identity Theft 101 Identity Theft 101

• Don’ts of ID Theft Protection

Give personal or financial information to someone who

calls/emails/texts you

Use personal information on public computers or

unsecured networks

Write your PIN on any plastic card Give access to your personal financial devices to

ANYONE!

Open unknown attachments or click on links that look

suspicious

Leave receipts behind

Identity Theft 101 Pop Q uiz Identity Theft 101 Pop Q uiz

• I carry my Social Security Card on me at all times.
• When I leave home to go shopping, I take only my

identification and the necessary credit card(s).

• My PIN is written on my card or within my wallet.
• I review my monthly credit card statements.
• I review my healthcare EOBs to insure proper billing.
• I always shred unwanted credit offers received in the

mail.

• I review my credit report annually.

If you answer no any two of these, you could be doing more to protect your identity!

Identity Theft 101 Identity Theft 101

• Resources

 www.idtheft.gov

https://www.annualcreditreport.com/index.action http://www.justice.gov/criminal/fraud/websites/idtheft.

html

http://www.utica.edu/academic/institutes/cimip/  Equifax, TransUnion, Experian Your Credit Union

Contact Information Contact Information

Wanda Downs, AAP Director, CU Development & Marketing First Carolina Corporate Credit Union 800-585-4317, ext. 3276 wdowns@firstcarolina.org