Identity Theft - How to Protect Yourself -

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Identity Theft - How to Protect Yourself

Identity Theft - How to Protect Yourself

"Like the tan? I got tons of sun on that Caribbean cruise. First class tickets to Florida and back! Nope, not an airline upgrade. 5-star service all the way, baby! Hotels, restaurants, theme parks?you name it! Look?I took pics with my new cell phone! Hey, let me know when you're free to take a spin in the car ? it's a 2005 sports model, fully loaded! Yours truly, Chad E. Charlatan, is going to the top! Nope, no job. But I didn't pay for anything myself. I don't care who Ms. Donna Knowe-Bedter is, but it's not my fault if she doesn't keep tabs on her credit card statements. One day I'll thank her for being so rich!"

In a perfect world, everyone is honest, with good intentions.

We don't live in a perfect world.

ID thieves are supreme opportunists. Read the news? Hackers can break into corporate computer systems and steal information on clients and customers. "Skimmers" can be attached to credit card readers, and used to store credit- and bank-card numbers. Identity thieves may pose as employers, landlords or even utility company representatives to get at your personal and financial info. Other thieves may use their employers' authorized access to obtain credit reports or other information. Databases and other records can be stolen from employers; thieves may bribe fellow employees who may have access to important data. They may steal your mail and take credit card offers, tax information and other documents. "Dumpster diving" involves digging through garbage to find information such as bank statements, or credit card information. And there's always the age-old method of simply stealing your wallet or purse.

New ways of stealing your identity pop up frequently. "Phishing" became prominent in 2003 and 2004: well-designed emails and websites convince victims to provide information. Emails look legit, but release any information and the nightmare begins. The cost? Damages now top $1 billion per year. How's that for a nightmare?

Thieves get new phone services, auto loans and credit cards using stolen information. Victims may find their mailing addresses changed, and their credit ruined. ID thieves can file for bankruptcy in the victims' name to escape debt, and drain accounts by counterfeiting checks and debit cards. They can also open bank and credit card accounts using their victims' names.

Your name may be given to the police during an arrest. If the real thief is released, and fails to arrive for a court date, you may be arrested. And out-of-pocket costs to clean up the mess can be staggering.

Be savvy, capiche? Thoughtful planning can prevent the pain of a stolen ID.

* Buy a shredder. Shred documents with your name, personal information such as social security numbers, phone numbers, addresses, birthdates, credit applications, financial documents, and medical and insurance information. Whole documents can be used against you. Confetti can't.

* Get your credit report. Verify it. Manage this tool carefully, and use it for protection. It's worth it.

* Secure your computer against online theft. Your PC is a gateway to private information. NEVER leave an online connection open if you are away from your computer. Use a firewall.

* Change passwords often. Use passwords with numbers and symbols that are easy for you to remember, but hard for someone to figure out.

* Some programs allow the PC to fill out forms automatically. Convenient, but your PC may be hacked for info. Disable this feature.

* Call your credit card companies and make sure there are no surprises on any of your credit cards, then request that restrictions be placed on each card. Example: you can request for no phone charges, or limits on single purchases. Violating these restrictions stops the transaction. Nightmare avoided.

* Mailbox secure? Stealing mail is one of the easiest ways to steal your ID. Get a lockable USPS-approved mailbox.

* Be extremely picky about giving out your Social Security Number. Resist giving out that very personal piece of information. Check the privacy act of 1974. Homework: go to http://www.faqs.org/faqs/privacy/ssn-faq/ on the web for more information.

* Other information, like your mother's maiden name, seems harmless; those items are often used as verification of ID. Don't give it out. Keep yourself to yourself, and stay educated.

Having your ID stolen is a terrible experience, and consumes much time, finance and energy. For your own sake, the sake of your sanity and your safety, set aside a few minutes to follow the advice above. Protect yourself the next time someone says, "?and your name is?.?"

To send comments or to learn more about Scott Pearson's Investment Management services, visit http://www.valueview.net

Scott Pearson is an investment advisor, writer, editor, instructor, and business leader. As President and Chief Investment Officer of Value View Financial Corp., he offers investment management services to a wide variety of clients. His own newsletter, Investor's Value View, is distributed worldwide and provides general money tips and investment advice to readers both internationally, and in the U.S.

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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://visitbulgaria.info/london-stock-market-rallies-after-slumpcid=1255864600ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNH4_ChMRixLrVHAng0VcqGNgfwrNgimg src=http://news.google.com/news?imgefp=kc0_pjLpmm8Jimgurl=visitbulgaria.info/files/London-stock-market.jpg width=80 height=53 alt= border=1brfont size=-2Visit Bulgaria/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.timesofmalta.com/articles/view/20081011/letters/easy-credit-and-financial-crisiscid=1255864600ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNGLeDA_dLBGX19tB4ugfo_4binghgEasy bcredit/b and financial crisis/abrfont size=-1font color=#6f6f6fTimes of Malta,nbsp;Maltanbsp;-/font nobr7 hours ago/nobr/fontbrfont size=-1This is what a bcredit/b crisis looks like. It#39;s not like a stock market crisis, where the scary plunge of stocks is obvious to all. b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.youtube.com/watch%3Fv%3DlEIZayeCWlQcid=1255864600ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNERV0IS1BeCo8GjExZ7X_mk_Ck61AVideo: Overseas Markets Fall on Financial Turmoil Fears/a font size=-1 color=#6f6f6fnobrAssociatedPress/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/lEIZayeCWlQ/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/lEIZayeCWlQtype=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://afp.google.com/article/ALeqM5hbtpebF7qUxC6riKhTBH3gKK6dZAcid=1255864600ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNHPHnRCubMOpW8NPF8MrM-XHIIpLwStocks rally fades on bcredit/b market worries/a font size=-1 color=#6f6f6fnobrAFP/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://money.cnn.com/2008/10/10/news/economy/g7_statement/%3Fpostversion%3D2008101020cid=1255864600ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNEVXTn2VdksvOIXjMrLKUc03q2l_wG-7: #39;Urgent action#39; needed/a font size=-1 color=#6f6f6fnobrCNNMoney.com/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://ap.google.com/article/ALeqM5ht5O0qwOpypLImflHg6dTSrn-O7wD93M88TG0cid=1255864600ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNHOgWQ4wzlpMk2UsZIhyZYcIII_6AnobrThe Associated Press/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.businessweek.com/bwdaily/dnflash/content/oct2008/db20081010_744839.htm%3Fchan%3Dtop%2Bnews_top%2Bnews%2Bindex%2B-%2Btemp_top%2Bstorycid=1255864600ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNGyjWXJbgBIZKWJZLsOz_QU8sqWYwnobrBusinessWeek/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1255864600hl=ennobrall 1,324 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://ap.google.com/article/ALeqM5gHs5OM3gFG_DytQQZFbWfgPT08MAD93LMV400cid=1256503737ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNE9yKYk1jWxyX0KA36JDv5qSdqEKAimg src=http://news.google.com/news?imgefp=z-WGhTOctNMJimgurl=ap.google.com/media/ALeqM5hcreO5BPgd4iLUrFFOMQHS_Ee9DA width=70 height=80 alt= border=1brfont size=-2The Associated Press/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://ap.google.com/article/ALeqM5gHs5OM3gFG_DytQQZFbWfgPT08MAD93MBAFG0cid=1256503737ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNEtfMQ0YsXlI5t-pyaFmz8s8ePFkAWall Street pulls back amid bcredit/b concerns/abrfont size=-1font color=#6f6f6fThe Associated Pressnbsp;-/font nobrOct 9, 2008/nobr/fontbrfont size=-1NEW YORK (AP) — Wall Street headed for another volatile session Wednesday as investors doubted that an emergency interest rate cut would revive bcredit/b b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.startribune.com/30575239.html%3Felr%3DKArks:DCiU1OiP:DiiUiD3aPc:_Yyc:aULPQL7PQLanchO7DiUcid=1256503737ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNHSY2CFFStPwvsNAXMLR73hKphYrgFear gripping Wall Street/a font size=-1 color=#6f6f6fnobrMinneapolis Star Tribune/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.sfgate.com/cgi-bin/article.cgi%3Ff%3D/c/a/2008/10/06/EDF313CAO4.DTLcid=1256503737ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNGfp8Hy30Hk4WwvXfxtTx-HNm-xeABailout should not include price controls on low-limit bcredit/b cards/a font size=-1 color=#6f6f6fnobrSan Francisco Chronicle/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://money.cnn.com/2008/10/07/markets/stockswatch/%3Fpostversion%3D2008100707cid=1256503737ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNHk7ltR99FdCFj2mZD809gTz7nLyQSome signs of hope/a font size=-1 color=#6f6f6fnobrCNN/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.edmontonsun.com/Business/News/2008/10/07/7002006-sun.htmlcid=1256503737ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNElvG_q65hxR1tvcbzMZncQcpwJzAnobrEdmonton Sun/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.forbes.com/feeds/ap/2008/10/08/ap5527251.htmlcid=1256503737ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNEpHlkHgXct1jwaYOXf8VQjjYkXJwnobrForbes/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256503737hl=ennobrall 981 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.hedgeweek.com/articles/detail.jsp%3Fcontent_id%3D270902cid=1254860311ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNENNKSwVg4I1lpDUBSD_Y5hgSbcegimg src=http://news.google.com/news?imgefp=7kZiev_e1T8Jimgurl=www.hedgeweek.com/userimages/Chicago_Mercantile_Exchange.jpg width=80 height=60 alt= border=1brfont size=-2HedgeWeek/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.californiaprogressreport.com/2008/10/state_controlle_2.htmlcid=1254860311ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNE9eJIkeT6T1Je_pozB-uy2jG9ivAState Controller Chiang to Treasury Secretary Paulson b.../b/abrfont size=-1font color=#6f6f6fCalifornia Progress Report,nbsp;CAnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1However, while we continue to work through this crisis, I believe more needs to be done to increase investor confidence in the bcredit/b markets, b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ajc.com/business/content/business/stories/2008/10/10/credit_trade_swaps.htmlcid=1254860311ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNEuixdsu0BvoSSfLu79w6N6ouQnLgICE, 3 other firms team up to trade little-known securities/a font size=-1 color=#6f6f6fnobrAtlanta Journal Constitution/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.mondovisione.com/index.cfm%3Fsection%3Dnews%26action%3Ddetail%26id%3D77979cid=1254860311ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNG5KN2qrikD_AULloT1xjCyNY0eVAEurex Clearing Presents Central Clearing Solution For bCredit/b b.../b/a font size=-1 color=#6f6f6fnobrExchange News Direct/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://blogs.wsj.com/deals/2008/10/09/financials-got-you-down-cme-pitches-credit-default-swaps-the-safer-way/%3Fmod%3Dgooglenews_wsjcid=1254860311ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNF7wsn6hsASWCrHfhuJ9JMPiaK6DwFinancials Got You Down? CME Pitches bCredit/b-Default Swaps the b.../b/a font size=-1 color=#6f6f6fnobrWall Street Journal Blogs/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ft.com/cms/s/0/9ea2c5c4-96f5-11dd-8cc4-000077b07658.htmlcid=1254860311ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNFr775Cx-clMSyTPwPlvL_VdEeTbQnobrFinancial Times (subscription)/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1052652820081010cid=1254860311ei=5dbwSP7SCqjk6gPXwuC7Bwusg=AFQjCNFkiayTGW4Yg_K6FFX5UioajanxnQnobrReuters/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254860311hl=ennobrall 89 news articles/nobr/a/font/div/font/td/tr/table

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