Presenter:Alicia DelgadoFraud Prevention Specialist

Protecting Your Identity

What is Identity Theft?

What is Synthetic ID Theft?

How does Identity Theft occur?

How do you protect yourself?

What do you do if you are a victim?

Identity Theft

Definition:• The fraudulent acquisition and use of a

person’s private identifying information, usually for financial gain

• Interchangeable with the term Identity Fraud

Identity Theft

Definition:• Synthetic ID Theft • The fraudulent acquisition and use of a

person’s private identifying information and fabricated information to create a new identity, usually for financial gain

Synthetic ID Theft

Quick Statistics

Quick Statistics

Identity Theft

Identity Theft

ATM & Gas Pump Skimming

Card Not Received

Fraud

Data Breaches

Phishing /Pharming

Mail Fraud

How does Identity Theft Occur?

Have you been a victim of ID Theft?

Poll Question

What type of Identity Theft did you have?

Credit/Debit card fraud

SSN Stolen

Tax Refund fraud

Account Takeover

Other form

Poll Question

Data Breaches: Hackers get into companies databases without authorization

Phishing/Pharming:Fraudsters pose as entity or “friend” in order to gain access to sensitive information

How does Identity Theft Occur?

ATM/Gas Pump Skimming: A skimming device is placed over or in the card reader to capture your card information

Mail Fraud/Card not Received:Mail is stolen from your mailbox or new accounts opened are not received by you

How does Identity Theft Occur?

Account Takeover: Fraudsters attempt to gain access to personal accounts. Many times requesting cards, checks, and moving funds out of the account to themselves.

New Account Fraud:Having a persons personal information fraudsters will attempt to open new accounts for their access.

How does Identity Theft Occur?

How does Identity Theft Occur?

• Empty your bank accounts

• Open new accounts (i.e. loans, cars, phone service)

• Get government documents

• Create false criminal records…all in your name!

What do Fraudsters do With Your Personal Information?

• Social Security

• Computers/Cell Phones

• Emails

• Websites

• Debit/Credit Cards

How do We Protect Ourselves?

Don’t post…• Birth date/place• Address, phone, email• Embarrassing photos• Answers to personal information questions

(crooks harvest your data)• Details about upcoming trips

Control access—use privacy settings

Social Media

How do We Protect Ourselves?

We have all seen these seemingly harmless online posts…

How do We Protect Ourselves?

What to do if you’re a victim

• Monitor your credit going forward

• Get one free report per year from each agency:- annualcreditreport.com

• Check for accuracy; file disputes

• Beware “free” credit report offers

What to do if you’re a victim

30%

19%15%

12%

11%

7% 6%

# OF REPORTS

Credit Card Fraud

Employment or Tax-RelatedFraudOther Identity Theft

Phone or Utilities Fraud

Bank Fraud

Loan or Lease Fraud

Government Documents orBenefits Fraud

Credit Monitoring

475 Anton Blvd. Costa Mesa, CA

926261.888.397.3742

www.experian.com

Equifax Credit Information Services, Inc.PO Box 740241Atlanta, GA 740241 1.800.685.1111www.equifax.com

PO Box 6790 Fullerton, CA 926341.800.680.7289www.transunion.com

877-322-8228Annual Credit Report Request Service,

P.O. Box 105281, Atlanta, GA 30348-5281

Credit Report Agency Contact Information

www.FTC.GOV

Other Reporting AgencyInformation

www.IC3.GOV

www.SSA.GOV

800.762.9988 alecu.org

ALEC, your credit union, can help you with all your financial challenges.

Questions?