Author Box
Articles Categories
All Categories
Articles Resources

Five Myths Concerning Identity Fraud

April 02, 2012 | Comments: 0 | Views: 144

The good news is identity theft over the past few years has decreased. But the fact of the matter is it still tops the list as the number one consumer complaint.

There's a lot of information going around when it comes to this criminal offense as well as a number of misconceptions which if you are not careful can have you moving in the wrong direction.

1. Safeguarding Your Social Security Number Is All You Have To Do

You will see this on the local and national news a lot. More than a few professionals may say this is all you have to do when it comes to guarding your identity. Regrettably that's not true. The reality is your identity can easily be stolen in a variety of ways without thieves even bothering your social security card. Among them is stealing your mail, shoulder surfing, setting up a skimming device at an ATM machine or just going through your trash also known as dumpster diving.

2. Any Fraudulent Charges Are Your Responsibility

Do not allow any company to force you into paying anything if you were the victim of identity theft. It is not your responsibility to pay any fraudulent charges thieves have put on your account. You will discover debt collectors do not care about that. They want the money and they want it now. No problem. As long as you remember you aren't the one doing the payback.

3. It Won't Happen To You

Famous last words. No doubt at one time or another many people who were victimized said the exact same thing. Identity theft spares no one. While it may be on the decline eight million people last year still had their identities stolen. Considering that the number usually hover around ten million as well as the alarming number of ways thieves can pilfer your information and there is little doubt identity theft can happen to you.

4. The Majority of People That Steal Your Identity Get Arrested

Since law enforcement and financial institutions have been more aggressive in dealing with identity theft you figure the arrest rate would be pretty good. Think again. According to studies done by the Gartner Group roughly 1 out of 700 people ever gets caught. No doubt you have seen news reports of law enforcement officials cracking a major fraud ring. This is true but day to day identity theft generally goes undetected let alone prosecuted.

5. Most Identity Theft Criminals Are Strangers To The Victim

Not true and this in many ways is what makes identity theft the epidemic that it is. Most thieves are someone the victim knows. A neighbor, friend, coworker, but mostly a family member. Which should give you a pretty good hint as to why many identity thieves never get thrown in jail. As bad as it is along with the damage done many people that have been victimized refuse to take the next step of preferring charges against their friends and/or loved ones.

To find out more on identity theft and fraud visit identity theft information

Source: EzineArticles
Was this Helpful ?

 
0
 
0
 
Rate this Article
 vote(s)
Feedback
Print
Re-Publish

Article Tags:

Identity Theft

,

Identity Fraud

,

Identity Thief

,

Social Security Number

,

Crime

,

Fraud

Thus, you can apply for the negligence compensation under such circumstances in order to recover your loss, Negligence Claims, Negligence compensation Involvedness of Negligence Claims. The court

By: Simon Liva l Legal > Personal Injury l December 13, 2012 lViews: 291

If a lawyer is not able to devote enough time to your case then your defense is likely to suffer. Moreover specialization in one stream or other of defense is important so that the attorney can

By: Simon Liva l Legal > Criminal Law l December 12, 2012 lViews: 429

Filing a business bankruptcy can be a complex and critical task, but you have several options. You can consult your bankruptcy attorney to know which among those options is right for you.This is a

By: Harvard McIntosh l Legal > Corporations LLC l December 11, 2012 lViews: 235

You can always check for the treatments that are covered. This is because there are some policies which do not give you claims if you meet any kind of head injury.You can always check for the

By: Simon Liva l Legal > Personal Injury l November 05, 2012 lViews: 241

In Colorado, you have many Personal Injury Lawyers to choose from. When you choose the Law Offices of Andrew C. Bubb you instantly put years of experience and legal know how in your corner. Attorney

By: Dilshad l Legal > Personal Injury l October 25, 2012 lViews: 389

If you have been charged with a crime, speak with Boulder criminal defense attorney Steven Louth immediately to protect your rights. Steven Louth is a criminal defense attorney and criminal trial

By: Dilshad l Legal > Personal Injury l October 18, 2012 lViews: 244

The apparatus after analyzing the credit card creates a photostat copy that criminals use to drain your bank account dry. There are a couple of methods they can accomplish skimming.

By: Daryl Campbelll Legal > Identity Theftl April 24, 2012 lViews: 167

Discussion on Cressey's Fraud Triangle. Looking at the first leg of the fraud triangle which is unsharable financial need or more commonly referred to as perceived pressure.

By: Thomas R Kaiserl Legal > Identity Theftl April 18, 2012 lViews: 260

These types of database break ins make nationwide news but the local media is full of reports of identity fraud just about every day. They demonstrate a few pretty troublesome realities.

By: Daryl Campbelll Legal > Identity Theftl April 18, 2012 lViews: 124

Due to the increased number of incidents involving identity theft in the last ten years, new tactics are being employed to counter this for both business and residential paper shredding is fast

By: Alex Gaslangl Legal > Identity Theftl April 15, 2012 lViews: 145

What's that famous line in all the spy movies where the CIA agent reminds another character as events occur and conflicts arise; "Trust No One!" Well, my friends judging by how social networking is

By: Lance Winslowl Legal > Identity Theftl March 30, 2012 lViews: 150

Identity Fraud is running rampant in the world today, are you safe? According to financial research, Identity fraud is the fastest growing crime in America, and is the #1 concern among consumers.

By: Randy P Durbinl Legal > Identity Theftl March 28, 2012 lViews: 149

The apparatus after analyzing the credit card creates a photostat copy that criminals use to drain your bank account dry. There are a couple of methods they can accomplish skimming.

By: Daryl Campbelll Legal > Identity Theftl April 24, 2012 lViews: 167

The issue is just how motivated are they to follow through. Here are a few guidelines you could use to evaluate just how sincere they really are.

By: Daryl Campbelll Relationships > Affairsl April 20, 2012 lViews: 191

These types of database break ins make nationwide news but the local media is full of reports of identity fraud just about every day. They demonstrate a few pretty troublesome realities.

By: Daryl Campbelll Legal > Identity Theftl April 18, 2012 lViews: 124

At this time you have several decisions to make including do you want to stay married to this person. But in order to survive this extramarital relationship there are a number of issues you really

By: Daryl Campbelll Relationships > Affairsl April 12, 2012 lViews: 188

For figuring out ways to get through an extramarital relationship, one of the many factors that will make a world of impact with regard to healing is developing that support team to assist you. It

By: Daryl Campbelll Book Reviews > Current Affairsl October 25, 2011 lViews: 156

Discuss this Article

comments powered by Disqus