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June 14, 2014 By admin Leave a Comment

Identity Theft

People_UpsetManIdentity theft happens when someone steals your personal information and uses it without your permission. It’s a serious crime that can wreak havoc with your finances, credit history, and reputation — and can take time, money, and patience to resolve.

What to Do Right Away

Immediate Steps to Repair Identity Theft

Here’s how to begin to limit the harm from identity theft.

What to Do Next

Extended Fraud Alerts and Credit Freezes

Placing both extended fraud alerts and credit freezes on your credit reports can make it more difficult for an identity thief to open new accounts in your name.

Repairing Your Credit After Identity Theft

Here are step-by-step instructions for disputing fraudulent charges and accounts related to identity theft.

Lost or Stolen Credit, ATM, and Debit Cards

Federal law limits your liability if your credit, ATM, or debit card is lost or stolen, but your liability may depend on how quickly you report the loss or theft. More information here.

Specific Types of Identity Theft

Tax-Related Identity Theft

Do you know the warning signs that an identity thief is using your Social Security number? More information here.

Child Identity Theft

Here’s how to protect your child’s personal information against theft. More information here.

Medical Identity Theft

An identity thief can use your personal information to get medical care or services. Find out how to respond. More information here.

Protecting Your Identity

Signs of Identity Theft

If identity thieves have your personal information, they can drain your bank account, run up charges on your credit cards, open new utility accounts, or get medical treatment on your health insurance. Here’s how to act quickly to limit the damage.

How to Keep Your Personal Information Secure

Safeguard your personal information, whether it is on paper, online, or on your computers and mobile devices. More information here.

Sample Letters and Forms

Sample Letters and Forms for Victims of Identity Theft

Use these samples to help write your own letters to limit damage caused by identity theft.

Source: Federal Trade Commission, “Prevent and Report Identity Theft” http://www.consumer.ftc.gov. Accessed November 30, 2015. http://www.consumer.ftc.gov/features/feature-0014-identity-theft

© Copyright 2016. All rights reserved. This content is strictly for informational purposes and although experts have prepared it, the reader should not substitute this information for professional insurance advice. If you have any questions, please consult your insurance professional before acting on any information presented. Read more.

Filed Under: Identity Theft, Personal, Personal Protection, Theme 22

June 14, 2014 By admin Leave a Comment

Prevent & Report Identity Theft

Online purchase. Credit card on laptop keyboard.Tips for Preventing Identity Theft

Identity thieves steal your personal information to commit fraud. They can damage your credit status and cost you time and money restoring your good name. To reduce your risk of becoming a victim, follow the tips below:

  • Don’t carry your Social Security card in your wallet or write it on your checks. Only give out your SSN when absolutely necessary.
  • Protect your PIN. Never write a PIN on a credit/debit card or on a slip of paper kept in your wallet.
  • Watch out for “shoulder surfers”. Use your free hand to shield the keypad when using pay phones and ATMs.
  • Collect mail promptly. Ask the post office to put your mail on hold when you are away from home for more than a day or two.
  • Pay attention to your billing cycles. If bills or financial statements are late, contact the sender.
  • Keep your receipts. Ask for carbons and incorrect charge slips as well. Promptly compare receipts with account statements. Watch for unauthorized transactions.
  • Tear up or shred unwanted receipts, credit offers, account statements, expired cards, etc., to prevent dumpster divers getting your personal information.
  • Store personal information in a safe place at home and at work. Don’t leave it lying around.
  • Don’t respond to unsolicited requests for personal information in the mail, over the phone or online.
  • Install firewalls and virus-detection software on your home computer.
  • Check your credit report once a year. Check it more frequently if you suspect someone has gotten access to your account information.

How to Report Identity Theft

Your wallet contains some of your most important personal items, from hard-earned money to credit cards and driver’s license. For an identity thief, your wallet offers a treasure trove of personal information. If you suspect or become a victim of identity theft, follow these steps:

  • Report it to your financial institution. Call the phone number on your account statement or on the back of your credit or debit card.
  • Report the fraud to your local police immediately. Keep a copy of the police report, which will make it easier to prove your case to creditors and retailers.
  • Contact the credit-reporting bureaus and ask them to flag your account with a fraud alert, which asks merchants not to grant new credit without your approval.

If your identity has been stolen, you can use an ID Theft affidavit to report the theft to most of the parties involved. All three credit bureaus and many major creditors have agreed to accept the affidavit. You can download the ID theft affidavit or request a copy by calling toll-free 1-877-ID-THEFT (438-4338). You can also file a complaint with the Federal Trade Commission.

Use this helpful infographic (PDF) to help you remember the steps to take if your wallet or identity have been stolen.

Seniors and ID Theft

Seniors are vulnerable to identity theft. Here are some common schemes that ID thieves use to steal the identity of seniors.

  • Telemarketing. An ID thief may call, making fraudulent offers for products, benefits or medical services. The caller will require you to provide personal information, such as your social security number, birthday, or Medicare ID number.
  • Tax ID theft. Phony tax preparers steal your social security number and sell it to scammers. ID thieves may also read obituaries so that they can file a tax return in the deceased person’s name. This can be a problem for a surviving spouse, when he or she tries to file taxes later in the tax season. For more information contact the IRS’ Taxpayer Advocate Service at 1-877-275-8271.
  • Medical ID theft. In general, seniors have more contact with medical service providers that can take advantage of access to their insurance information to get medical services in your name or to issue fraudulent billing to you and your health insurer.
  • Nursing home and long-term care. Staff at these facilities have access to seniors’ personal information on file, as well as the potential misuse or theft of seniors’ finances (for example check books or bank statements in the senior’s room) . You can report this fraud to the long-term care ombudsman in your state at long-term care ombudsman.

Follow the steps listed in “Reporting Identity Theft” to report ID theft or report it to theU.S. Senate’s Special Committee on Aging’s Fraud Hotline at 1-855-303-9470.

E-mail Updates on This Topic

Consumer Information
  • Consumer Topics on USA.gov
  • Sample Consumer Complaint Letter
  • Local Consumer Protection Offices
  • Read the Consumer Action Handbook

Source: USA.gov, “Prevent and Report Identity Theft” http://www.usa.gov. Accessed November 30, 2015. http://www.usa.gov/topics/money/identity-theft/prevention.shtml

© Copyright 2016. All rights reserved. This content is strictly for informational purposes and although experts have prepared it, the reader should not substitute this information for professional insurance advice. If you have any questions, please consult your insurance professional before acting on any information presented. Read more.

Filed Under: Identity Theft, Personal, Personal Protection, Theme 22

June 14, 2014 By admin Leave a Comment

Identity Theft Insurance

Money_People_IdentityThiefHandsComputerTips for Protecting Your Identity

Identity theft is the act of taking someone’s personal information and using it to impersonate a victim, steal from bank accounts, establish phony insurance policies, open unauthorized credit cards or obtain unauthorized bank loans. In some more elaborate schemes, criminals use the stolen personal information to get a job, rent a home or take out a mortgage in the victim’s name.

Close to half of identity theft cases are the result of a lost or stolen wallet, checkbook, credit card or other physical document. But as online shopping becomes increasing popular, it can also pose an identity risk.

Victims of identity theft are often left with lower credit scores and spend months or even years getting credit records corrected. They frequently have difficulty getting credit, obtaining loans and even finding employment. Victims of identity theft fraud often travel a long and frustrating road to recovery; depending on the severity of the identity theft fraud damage, the recovery process can take anywhere from a few weeks to several years.

Most homeowners and renters policies provide coverage for theft of money or credit cards; however, the amount of coverage is limited (usually $200 in cash and $50 on credit cards). Once you have reported the loss or theft of your credit card to the issuing company, you are responsible for only $50 of unauthorized use.

Some companies now include coverage for identity theft as part of their homeowners insurance policy. Check your policy to find out. Others sell it as either a stand-alone policy or as an endorsement to a homeowners or renters insurance policy which can run about $25-$50 annually. Identity theft insurance provides reimbursement to crime victims for the cost of restoring their identity and repairing credit reports. It generally covers expenses such as phone bills, lost wages, notary and certified mailing costs, and sometimes attorney fees (with the prior consent of the insurer). Some companies also offer restoration or resolution services that will guide you through the process of recovering your identity.

Use of stolen credit card numbers is among the most common forms of identity theft, but some schemes use electronic means, including online scams like ‘phishing’, in which thieves use email inquiries purporting to be from financial or other online organizations, to obtain sensitive account information. Others might use more old-fashioned methods, such as ‘dumpster diving’—rooting around in people’s garbage to collect financial information.

Many credit card companies are now using radio-frequency identification (RFID) chips in their credit cards instead of magnetic stripes. The advantage is quicker, more efficient transactions, especially those carried out at traditionally cash only retail outlets, such as fast-food restaurants or convenience stores. However radio frequency identification may make it possible, in some cases, for identity thieves to use a simple electronic device to capture the information. The scariest part is that it can happen right in your presence, without you even knowing it.

TIPS FOR AVOIDING IDENTITY THEFT

  • Keep the amount of personal information in your purse or wallet to the bare minimum. Avoid carrying additional credit cards, your social security card or passport unless absolutely necessary.
  • Guard your credit card when making purchases. Shield your hand when using ATM machines or making long distance phone calls with phone cards. Don’t fall prey to “shoulder surfers” who may be nearby.
  • Always take credit card or ATM receipts. Don’t throw them into public trash containers, leave them on the counter or put them in your shopping bag where they can easily fall out or get stolen.
  • Do not give out personal information. Whether on the phone, through the mail or over the Internet, don’t give out any personal information unless you have initiated the contact or are sure you know who you are dealing with and that they have a secure line.
  • Proceed with caution when shopping online. Use only authenticated websites to conduct business online. Before submitting personal or financial information through a website, check for the locked padlock image on your browser’s status bar or look for “https://” (rather thanhttp://) in your browser window. If you have any concerns about the authenticity of a Web page, contact the owner of the site to confirm the URL.
  • Be aware of phishing and pharming scams. In these scams, criminals use fake emails and websites to impersonate legitimate organizations. Exercise caution when opening emails and instant messages from unknown sources and never give out personal, financial or password related information via email.
  • Make sure you have firewall, anti-spyware and anti-virus programs installed on your computer. These programs should always be up to date.
  • Monitor your accounts. Don’t rely on your credit card company or bank to alert you of suspicious activity. Carefully monitor your bank and credit card statements to make sure all transactions are accurate. If you suspect a problem, contact your credit card company or bank immediately.
  • Order a copy of your credit report from each of the three major credit bureaus. A new law that took effect December 1, 2004, entitles you to one free credit report per year. Your credit report contains information on where you work and live, the credit accounts that have been opened in your name, how you pay your bills and whether you’ve been sued, arrested or filed for bankruptcy. Make sure it’s accurate and includes only those activities you’ve authorized.
  • Place passwords on your credit card, bank and phone accounts. Avoid using easily available information like your mother’s maiden name, your birth date, any part of your Social Security number or phone number, or any series of consecutive numbers. If you suspect a problem with your credit card, change your password.
  • Shred any documents containing personal information such as credit card numbers, bank statements, charge receipts or credit card applications, before disposing of them.

In order to make it more difficult for identity thieves to open accounts in your name, you can also contact the fraud department of any of the three credit reporting agencies to place a fraud alert on your credit report—by law, the agency you contact is required to contact the other two agencies. The fraud alert tells creditors to contact you before opening any new accounts or making any changes to your existing accounts. The three major credit bureaus are Equifax, TransUnion and Experian.

If you are the victim of a crime, report it to the credit card company and police immediately. Ask for a copy of the police report. You will need it if you want to file an insurance claim or report the crime to the FTC for their assistance. Victims of identity fraud can contact the FTC online or at 877-IDTHEFT.

The following companies offer identity theft insurance some as part of a homeowners policy, some as an endorsement and some as stand-alone coverage:

  • ALLSTATE INSURANCE
  • AMERICAN FAMILY
  • CHARTIS INSURANCE
  • CHUBB GROUP OF INSURANCE COMPANIES
  • ENCOMPASS INSURANCE
  • ERIE INSURANCE
  • FARMERS GROUP
  • FIREMAN’S FUND
  • LIBERTY MUTUAL
  • NATIONWIDE
  • STATE FARM
  • TRAVELERS INSURANCE
  • WEST BEND MUTUAL

Additional Resources

  • FEDERAL TRADE COMMISSION (FTC)
    The FTC offers help to victims. File your case with the FTC Consumer Response Center. Include your police report number. Use the FTC uniform affidavit form.
    877-ID-THEFT
  • FBI INTERNET FRAUD COMPLAINT CENTER
  • U.S. DEPARTMENT OF JUSTICE
  • PRIVACY RIGHTS CLEARINGHOUSE (PRC)
    619-298-3396

Related Links: Identity Theft and Cyber Security

Source: Insurance Information Institute, “Identity Theft Insurance”
http://www.iii.org website. Accessed November 30, 2015. http://www.iii.org/articles/identity-theft-insurance.html

© Copyright 2016. All rights reserved. This content is strictly for informational purposes and although experts have prepared it, the reader should not substitute this information for professional insurance advice. If you have any questions, please consult your insurance professional before acting on any information presented. Read more.

Filed Under: Identity Theft, Personal, Personal Protection, Theme 22

June 14, 2014 By Julian Aston Leave a Comment

IN: Protect Yourself Against Identity Theft

Dear Valued Customer,

In this issue of “——————–“ we’re focused upon the very real dangers surrounding identify theft.

Identity theft remains the number one concern among consumers contacting the Federal Trade Commission. In fact, the FTC estimates that as many as 9 million Americans have their identities stolen each year. And, once they have your personal information, identity thieves use it in a variety of ways.

Read on to understand what identity theft is, how to find out if your identity was actually stolen, and how you can prevent it from happening. Take an online quiz to test your knowledge of identity theft, and more. Lastly, feel free to contact us if you are interested in identity theft insurance.

We appreciate your continued business and look forward to serving you.

Kind regards,

Filed Under: Identity Theft, Personal, Personal Protection, Theme 22

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