Identity Theft The Nation’s Fastest Growing Crime.
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Transcript of Identity Theft The Nation’s Fastest Growing Crime.
![Page 1: Identity Theft The Nation’s Fastest Growing Crime.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649f425503460f94c62118/html5/thumbnails/1.jpg)
Identity Theft
The Nation’s Fastest Growing Crime
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•Estimated 700K victims per year (Justice Department)
•1997 consumers lost $745 million
•3,000 calls a week to FTC Identity Theft theft hotline
How Common Is Identity Theft?
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•Identification Fraud
•Credit Card Fraud
•Computer Fraud
•Mail Fraud
•Phone/Utility Fraud
Schemes to Commit
Identity Theft
•Financial Institution Fraud
•Employment Related Fraud
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•Thieves get your Social Security Card
•Thieves get your financial data
•Thieves assume your identity
•Thieves make fraudulent credit charges
How Does Identity Theft
Occur?
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•Thieves get loans and open bank accts
•Thieves write bad checks on your acct
•Thieves commit crimes in your name
•Thieves work in your name
How Does Identity Theft
Occur?
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•Fraudulent credit card charges
•Fraudulent vehicle purchases & home loans
•Average $18K loss per victim
Consequences for Victims
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•Pre-Paid Legal Services Inc.–pioneer in legal services
•Kroll Inc – world’s leading independent risk consulting company
Identity Theft Identity Theft ShieldShield
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Four Basic ServicesCredit Reports – monitored on your
behalf by Kroll Inc.Regular Monitoring of Credit
ActivitiesIdentity Theft RestorationInsurance
See Product Contract for more information
Identity Theft Identity Theft ShieldShield
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On average victims spend more than 175 hours and $1,500 in out-of-pocket expenses to clear their names. (Privacy Rights Clearinghouse and FTC)
$9.95 covers both the member and the member’s spouse.
See Product Contract for more information
Identity Theft Identity Theft ShieldShield
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THE COMPENSATION
Executive Director
Director
Manager
Senior Associate
Associate
$90.90 $16.20
$74.70
$62.65
$49.80
$37.35
$12.45
$12.45
$12.45
Personal Sales Advance Bonus Override Advance$249.00
Investment
Advanced Commissions on the $12.95 IDT SHIELD
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THE COMPENSATION
Executive Director
Director
Manager
Senior Associate
Associate
$168.47 $30.00
$138.47
$115.39
$92.31
$69.24
$23.08
$23.08
$23.08
Personal Sales Advance Bonus Override Advance$249.00
Investment
Advanced Commissions on the $24 Family Plan
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THE COMPENSATION
Executive Director
Director
Manager
Senior Associate
Associate
$238.32 $42.44
$195.88
$163.23
$130.58
$97.95
$32.65
$32.65
$32.65
Personal Sales Advance Bonus Override Advance$249.00
Investment
PPL MEMBERSHIP and IDENTITY THEFT SHIELD
$24 PLAN
WITH
$9.95 ID
THEFT SHIELD
$24 PLAN WITH $9.95 ID THEFT SHIELD