Identity Theft - What Are the Most Common Ways to Commit ID Theft or Fraud?

It's the number one source of consumer complaints atgarbage, in the trash can or at the dump, to find
the Federal Trade Commission (FTC), andsensitive information.
unfortunately, it's one of the simplest crimes to commit.The most common form of identity theft is credit card
Identity theft involves information from your daily life,fraud. Technology has allowed criminals to begin
from shopping, bill-paying, and even applying for a job.stealing your credit or debit card numbers as you use
Thieves take advantage of everyday opportunities tothe cards, "skimming" them with an information storage
discover your personal information, including your Socialdevice. In addition, thousands of drivers' licenses and
Security number (SSN), bank or credit card accountcredit and debit cards are stolen each year. Keeping
numbers, income, name, address, or phone number,your Social Security card in a secure location and
and use it to commit fraud or other crimes.safeguarding your purse or wallet while at work are
How can a stranger get to your information?necessary precautions.
According to the FTC, identity thieves may pose asEven your mail is a source for identity thieves, who
legitimate representatives of an organization, asmay complete credit card applications in your name
business professionals or agents of the government,and go on a spending spree. After stealing your bank
conning you into revealing sensitive information.or credit card statements, tax information, or box of
Common scams include impersonating employeesreplacement checks, criminals are able to access your
from banks, credit card companies, Internet serviceaccounts and spend the funds in your name. They
providers, and utility companies. If someone calls youmay even change the address on your existing
claiming to represent a legitimate organization, confirmaccount, diverting the bills to keep you from recognizing
this by calling the customer service number listed onthe problem until it's too late. Being aware of your billing
your statement or bill.cycles can help you catch a discrepancy in the arrival
Thieves may also use your place of employment toof your statements.
get the information they need. A co-worker may stealIdentity thieves have a variety of ways to use your
information from your employer; someone could hackinformation for their personal gain. They may shop for
into your company's computer and copy employeebig-ticket items using your credit or bank account
records; or a criminal could resort to the old-fashionedinformation and then sell the items for cash. With your
method of bribing someone you work with for yourSSN and date of birth, they can open new bank
information. Check with your employer to find out theaccounts or apply for lines of credit. In fact, banks
company policy on securing your records andhave granted loans to criminals using stolen identities
disposing of them when you're gone.for purchases as large as cars.
If your employer is authorized to pull credit reports onTelephone or internet service can be set up using your
employees or potential customers, someone couldSSN. Thieves can avoid impending eviction or
take advantage of this access to retrieve illegalaccumulated debt by filing bankruptcy in your name.
reports. Criminals may also pose as employers,Perhaps the most emotionally traumatic, police could
landlords, or collection agents to pull your creditissue a warrant for you if a criminal was arrested
information. It's a good idea to order a copy of yourusing your name and failed to appear at a court
credit report once a year to check for unauthorizedhearing.
entries.The ways that identity thieves have conceived to
Shredding your documents before you throw themacquire your personal information are numerous, but
away is also good idea, whether at work or at home.your vigilance and heightened awareness can curb
Identity thieves have been known to sift throughtheir ability to make you a victim.