What are good ways to protect yourself from identity theft?
Hi! There are many ways to prevent identity theft prevention. Of course, the first and foremost way would be to safeguard your private information like social security numbers, credit/debit card information, bank account details, etc. Sharing them via social media or e-mails is highly dubious as well as prone to theft. Try to share these kinds of details on call or in person.Another thing that is taking over the identity theft prevention milieu is performing KYC on a person before you begin dealing with them. There are many e-KYC softwares available today. The hottest one on the market now-a-days is Shufti Pro (Quick & Secure Digital Verification in Real Time - Shufti Pro).Shufti Pro performs quick, real-time digital identity verification for you and checks the authenticity of your customer and their legal documents. If they are not a fraud, then you can continue to perform business with them. Shufti Pro is cost and time effective and 99% accurate. I’m sure that you won’t be disappointed if you choose Shufti Pro! Do check out their link for more information. :)(Disclaimer: I'm an employee at Shufti Pro and hence, closely familiar with its workings. I highly recommend the app, not because of my affiliation with it, but because of its accuracy, efficiency and prowess.)
What can I do to find out if someone is using my Social Security Number?
When an identity thief has a victim's Social Security number, he or she has a passport to commit Social Security fraud, identity theft, and many other crimes. This is one of the many reasons why people should never carry their Social Security cards in their wallets or purses. From the time of issuance when we're children, Social Security cards should be stored in a safe location at home, away from credit cards, drivers' licenses, and other personal information.If you suspect that a criminal has your Social Security number, the Social Security Administration can help point you in the right direction, but it can't fix your credit. You're the only one who can do that. To that end, here are some things to do if someone is using your Social Security number to commit identity theft and Social Security fraud:1. Stay cool and focused.While identity theft is stressful, you're the only person who can help with this problem, and you can't solve it in a week or a month. It will take time. Stay as calm and focused as possible, and methodically address the problem.2. Contact the credit reporting agencies.Contact TransUnion, Equifax, or Experian to place a fraud alert on your credit report. Each agency is required to alert the other two when you place an alert. The alert will prevent a thief from opening any new accounts in your name.• Equifax: 1-800-525-6285, www.equifax.com• TransUnion: 1-800-680-7289, www.transunion.com• Experian: 1-888-397-3742, www.experian.com3. Get a copy of your credit report.The law requires each credit agency to provide you with a free copy of your credit report when you place a fraud alert. Examine each report carefully, and look for accounts in your name that you did not open.4. Contact each creditor.Make a list of the creditors, and contact them by phone and again by mail. Write down the names of the people with whom you speak at each creditor and when. Also, keep a list of all correspondence with each creditor. Remember that you're building your own case and rebuilding your credibility and creditworthiness from scratch. Keeping accurate records is one of your best tools for recovering from identity theft.5. Contact the Federal Trade Commission.The FTC has an Identity Theft Hotline at 1-877-438-4338 and an online identity theft complaint form at https://www.ftccomplaintassistan....6. Contact the Social Security Administration.Fill out the SSA's online complaint form or call them at 1-800-269-0271 to report the activity.If a thief has your Social Security number, it will take a while to recover from identity theftbut you should know that you're not alone in your struggle. Millions of people are victims of Social Security fraud every year, and there are resources out there to help you if you're willing to go out and get them.
My ID and computer were stolen out of my car. How can I prevent identity theft?
You can’t.If someone is planning on using your identity for theft, there is nothing that you can do to prevent it.You can, however, mitigate it by taking several steps:File a police report - In the report, detail all of the items which were taken, no matter how insignificant that you think that they are.Contact all of your credit issuers and your bank and have your cards cancelled - The sooner that you do this, the better. Credit card companies legally can only hold you responsible for the first $50 in charges (almost all of them waive the charges) and your bank has to replace any fraudulent withdrawals made from your account as long as you report the theft within 60 days.Place a fraud alert on your credit reports - This will be a huge pain in the ass for as long as you have it on them, but it will prevent people from easily receiving credit using your identity.Contact the local library if you have a card and tell them that you have lost your card - Many people forget this and it’s a bad idea to do so because A) A crook can check numerous new and expensive books and videos on your account and sell them. B) The crook can have the library give them a copy of the form that you completed to obtain your card. That document has personal information on it which may not have been in your wallet.Check your driving record with your state licensing agency - The crook may attempt to pass himself off as you during traffic stops and that could lead to your being fined or arrested for outstanding traffic violations. Also, you might wish to check to see if any titles were issued to you for any vehicles that you may own or not own as crooks can use your ID to get a new title for your vehicle and either get a loan against it or steal it later and then sell it.Contact your medical insurer - A crook can use your medical insurance card to charge healthcare and dental work and to obtain prescription medicines (especially painkillers) to sell.Check your cell provider and see if additional phones or mobile devices have been issued in your name - A crook could obtain numerous new phones on your account and then sell them at a profit. Or use them until they are caught.Check your state’s corporation bureau/Secretary of State - A crook (or whoever he sells your identity papers to) could start a business using your information. This could put you tens of thousands of dollars in debt (or more) and result in numerous agencies looking for you (actually, the crook pretending to be you) for a wide variety charges.Keep a copy of your police report with you at all times - While the police have grown used to ID fraud, some may still detain or arrest you if you are pulled over. Having a copy of the report will make things far less difficult if you are stopped or detained.Expect the unexpected - There many ways that your ID can be misused by a skilled ID thief. From buying aircraft and boats on your credit, to purchasing firearms, to obtaining Internet service in your name and then using it for fraud or for downloading child pornography, if your identity is indeed compromised, you should ready for whatever might happen.Good Luck.
How can I prevent identity theft from happening to me?
Identity theft, also known as identity fraud, is a crime in which an imposter obtains key pieces of personally identifiable information, such as Social Security or driver’s license numbers, in order to impersonate someone else.Identity theft occurs when someone uses another’s personally identifying information, like their name, identifying number, or credit card number , without their permission, to commit fraud or other crimes.Types of Identity TheftThe following are the types of Identity Theft:1.Criminal Identity TheftCriminals have previously obtained state-issued identity documents using credentials stolen from others, or have simply presented a Fake ID2.Financial Identity TheftThe most common type is financial identity theft, where someone wants to gain economical benefits in someone else’s name. This includes getting credits, loans, goods and services, claiming to be someone else.3.Synthetic Identity TheftSynthetic Identity Theft, in which identities are completely or partially fabricated.The most common technique involves combining a real social security number with a name and birth date other than the ones associated with the number.4.Medical Identity TheftMedical Identity crime is that medical identity theft occurs when someone seeks medical care under the identity of another personHow to protect yourself from Identity Theft?1.Credit ReportsMonitor your credit reports constantly for any signs of suspicious activity. Or think about freezing your credit reports. It’s not a perfect solution but it will help prevent identity thieves from opening up new accounts.2.Protect your InformationProtect your computers and personal information your phones and tablets, your accounts and passwords, your surfing, your banking and accounts, your social network etc. These can all be points of vulnerability that crooks will quickly exploit.3.Protect your HomeToo much personal information lying around your home could be an easy temptation to people you doesn’t know. So hide it where burglars and others can’t easily find it. And make sure you shred any sensitive financial information before you dispose of it.4.Guard your MailSome thieves say that most of their crimes start with stolen mail, so make sure you don’t leave it in your mailbox for longer than you have to.5.Social NetworksMind what you and your kids say on Facebook and other social networks. Thieves are constantly checking out Facebook, Instagram, Twitter and other networks for personal information that might help them commit a fraud.6.Lock down your ComputerThere are dozens of free security tools, from antivirus to safe surfing that will help keep malicious software or malware from infecting your computer and stealing your information.7.Use passwords properlyThat means making them long, complicated and random, changing them regularly, guarding themPunishment for Identity Theft in IndiaUnder the Information Technology Act 2000 Chapter IX Sec 66CWhoever, fraudulently or dishonestly makes use of the electronic signature, password or any other unique identification feature of any other person, shall be punished with imprisonment of either description for a term which may extend to three years and shall also be liable to fine which may extend to rupees one lakh.Identity Theft is the largest contributor to Fraud in IndiaEvery minute about 19 people fall victim to identity theftFrauds due to applicants submitting fraudulent contact information has risen by 3% contributing to 18% of all detected frauds.The mortgage portfolio has observed a 50% increase in the fraud incidence rate.Falsification of address proof is the most popular behaviour seen amongst fraudstersHiding of adverse credit is the most common behaviour especially in the automotive loan category followed by mortgage fraud.In India identity theft accounts for 77% of the fraud cases in Q1 2015.Overall, identity theft and fictitious identity cases continue to contribute around three-fourths of all detected fraud cases.Amongst various financial products, auto loans, mortgage loans and credit cards have seen the largest number of fraud cases from identity theft represented by 85% of the total detected frauds in Q1 2015Identity theft has observed a rise from 76% in the first quarter of 2014 to 77% in the first quarter of 2015.Persons ages 25 to 64 (8%) had higher prevalence rates of identity theft than persons age 18 to 24 (4%) and 65 or older (6%)FundsTiger can arrange loans from all the banks we can help you to get all types of loans and also balance transfers on existing loans and can also help you to giving free credit consultation.
How can one file fake tax returns and collect tax refunds?
The IRS gives numbers every year of quite how much fraud there is.  If I recall, this year's numbers said that 21% of tax returns had "EITC errors on them."  And while that's the most common form of identity-theft related fraud, it's just one of many.  Now I'm sure may of these are indeed errors and not identity theft, but cynically I'd personally say most of these are from people who make up children, make up SSNs, try to claim children that their spouse is already claiming, misquote their income, etc.And the truth is our culture has given up on preventing identity theft.  I'm really not a cynical person, but we've largely shifted from "it's the company's job to prevent it," to "it's the company's job to have insurance," to "it's your job to spend time shredding things, etc." to "it's your job to have insurance."  That's the thing.  It takes nothing more than someone filling out a form online to steal your tax refund, nothing more than fake numbers to steal your or your dependents' SSNs when filing, nothing more than fake salary to increase that number to $10K.Yes, the IRS will figure it out.  In today's world they may figure it out in 10 seconds, but a certain number of them will get through.  Of 100M returns, the ones that don't get through will still take time, budget, and political support to go after.  Either way they'll assign you a PIN, basically an identity alias that you file with in the future, locking your account without it.  You may have to file on paper for the foreseeable future.  But like all identity theft, no matter what the IRS or your tax professional does to help, it'll still be a nightmare to clean up, because someone's going to want their 10K back, stores will want their back-charged expenses and inventory back, etc.  You're going to be on hold for a looong time...