TransUnion Credit Monitoring Review July 2017

We ranked the TransUnion credit monitoring service fourth on our list because it’s provided by one of the 3 major credit reporting bureaus and a trusted company when it comes to credit reports & credit related services.  When you sign up for TransUnion’s $1.00 / 7 day trial you get immediate access to your TransUnion credit report […]

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Updated 4-21-2017 by Jenn Price This year, 1 in 4 Americans will be a victim of identity theft. Credit monitoring service alerts allow you to find out your identity was stolen within hours…not days or even weeks. It’s not a matter of if, but when, all of us will have our identities stolen and used fraudulently.  It’s […]

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What You Should Know About the FACT Act

  The Fair and Accu­rate Credit Trans­ac­tions Act, or the FACT Act, was passed in 2003 as an amend­ment to the Fair Credit Report­ing Act. It’s pass­ing gave con­sumers some pow­er­ful weapons in regards to being proac­tive against iden­tity theft, yet many peo­ple don’t real­ize what ben­e­fits the FACT Act pro­vides. From being able to […]

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Is The Punishment For Identity Theft Harsh Enough?

One of the real problems with many of the types of crimes addressed on this website is that the punishment does not seem to be harsh enough from authorities. By this, we mean that the punishment for credit card fraud and other forms of identity theft are almost certainly not severe enough to put others off […]

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Don’t Be A Victim of Bank Identity Theft

What Is Bank Identity Theft? Firstly, you will be pleased to hear that this isn’t a situation in which banks try and defraud customers. Though there are occasional reports in the press about rogue members of staff in a bank that are copying customer information to sell on to criminals, it is, thankfully, rare. It would […]

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Preventing Senior Citizen Identity Theft

Internet fraud and identity thieves are as numerous today as they have ever been and are regularly taking advantage of the most cutting edge technology in order to steal law-abiding citizens’ money. Many of the people who get caught up in these schemes and thefts are senior citizens, and they are often even sought out and specifically targeted by experienced fraudsters. They exploit these seniors’ decline in mental quickness and their trust by befriending them and then later turning around to scam them through the use of false investment opportunities, sweepstakes, or by using numerous other tactics.

The best way to protect yourself and your loved ones is by understanding how these criminals operate and the methods they employ in order to get the job done. Luckily, there are many specific things to look out for that can indicate that someone is attempting to commit identity theft or fraud. If you are a friend or family member of a senior citizen, read over the following red flags to look out for in order to help protect them against fraud:

  • Large increases in debit or credit card usage.
  • Large withdrawals from savings, particularly if it’s an inactive account.
  • Overdraft fees or bounced checks.
  • New debit or credit cards that come in the mail.
  • Forged signatures.
  • Check numbers that are out of sync.
  • The senior is confused about their account balance.
  • Caregivers receiving too much pay.
  • Increases in monthly expenditures.
  • The senior speaks about a lottery or sweepstakes they’ve won.
  • The senior states they’ve provided personal info through email or over the phone.
  • While the above are some good tells that may well indicate scams or fraud being committed, it’s also important to understand the nature of the attacks themselves and take a proactive approach to guarding yourself or your loved ones against such attacks. Let’s take a closer look and see what types of scams are most common and what ways are best to guard against them.

Phishing Tactics

Phishing attacks are generally sent out in the form of an urgent message to a ton of different people at the same time. This is where the “fishing” term comes from, as even if the majority of the people who get these messages ignore them, anyone who does fall for the “lure” can net the scammer a huge profit. They’ll often be messages that will tell the receiver that there’s something wrong with their account and will ask for personal information in order to reconcile the issue. They’ll often come through email and can look very convincing. Many times they’ll use spoofed websites of banks, payment companies, or financial institutions. For example, your bank might have the website address “http://ift.tt/2naei3O” but a phisher might use something that looks like “http://ift.tt/2n4vG8q.”

Emails aren’t the only methods, as there are also scams that revolve around phone calls or even text messages. In order to avoid phishing attempts, review the following steps:

  • Be critical of any email asking for personal financial information, particularly if it says it’s an urgent matter.
  • Avoid filling out forms through the email itself. Instead, always try to put your financial information into secure sites or over the phone after calling them directly.
  • Don’t follow any links that you receive through text message or email.
  • If you’re entering any private financial data, always make sure it’s a secure site.
  • Log into each of your online accounts at least once per month.
  • Review your credit card and bank statement regularly.
  • Keep your internet browser up to date.

Common Scams

Not all identities are stolen over the internet. Some are stolen in person. If you find yourself in a situation that seems almost too good to be true, it probably is. Let’s take a look at some common scams that senior citizens and other people regularly fall for:

Charity

The victims of these scams are told to be the middleman for a donation drive. They’ll be asked to deposit large checks into their account, keep a small cut for themselves for the trouble, and then forward the rest of the money into the fraudsters account. The money they’re “depositing” into their account doesn’t actually exist or sometimes even belongs to other victims.

Working from Home

A victim sees an advertisement promising them big bucks for working an easy job from the comfort of their own home. They’ll have checks deposited into their bank account and are told to wire 90% of it back to the fraudster and keep the remaining portion for themselves. Like with the above example, this money often doesn’t even exist, so the actual money that gets sent belongs to the victim.

Dating

The victim gets involved with an online boyfriend or girlfriend who tells them to deposit a check or money order into their account and then wire them the money. These checks are bogus so the boyfriend/girlfriend ends up getting money from the victim’s own pocket.

Protecting Yourself

While the above are common examples, there are endless scenarios that a fraudster can use to steal a senior citizen’s money. It’s best to proactively protect yourself from them rather than hoping to do damage control after your identity is already stolen. Let’s take a look at some of the best ways to go about doing this:

  • Regularly review your bank accounts and financial statements.
  • Sign up for security alerts through your mobile or on your email account.
  • Monitor your credit score to check it for unauthorized activity.
  • Keep private information private – use direct deposits and keep all financial records secure under lock and key.
  • If you are a victim of fraud, contact your financial services company immediately and notify them of the problem.

Senior identity theft is a very real thing that does affect countless individuals every single year. By taking a proactive approach in protecting yourself or someone you know, you will be able to minimize your risk. The most important thing is to be skeptical of strangers promising you money for little or no effort or of messages urging you to send them your personal information.

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7 Celebrities Who Have Been Victims of Identity Theft

The problem with identity theft is that it doesn’t discriminate against one demographic or socioeconomic status. In many cases, the theft is not due to carelessness on the part of the victim. Celebrities have to deal with the annoyance of identity theft as well, and they have plenty of money to steal, so they are prime targets. Here’s a list of 7 well-known celebrities that have been victims of identity theft related crimes

steven speilbertSteven Spielberg was the victim of identity theft, however he had nothing stolen besides his privacy. In the 1990s, Spielberg had his personal information used to allow an inmate in a Tennessee prison view on Spielberg’s American Express credit card purchases. The man later claimed he did it to supply the celebrity’s information to a Hollywood studio. Apparently this genius thought he could make money by getting a movie made about his small time id theft caper.  Are people just that stupid?

liv tylerLiv Tyler had a bout with an identity thief in 2011. Her hairstylist used her credit card number to help herself to plenty of merchandise and services around town. When caught, it seems the stylist didn’t use Tyler’s card alone. She used Anne Hathaway, Penelope Cruz and Melanie Griffith’s card information as well. Tips and payment aren’t enough?

 

ricky gervaisRicky Gervais was on the receiving end of a fraud in 2009. Using an insider at the bank to obtain Gervais’ information, the group of thieves transferred 200,000 pounds from his bank account. The cash was to be used to secure gold bullion. While the scheme seems fairly clever, the identification they used was a passport, with a cutout photograph of Gervais. The pic was taken off the DVD box of The Office. They needed the identification to pick up the gold they had purchased.

 

paris hiltonParis Hilton had her name used in setting up a website. The site was dubbed Paris.org. Being registered as a trademark, she informed the thieves that she wanted payment for the use of her name. Later, her run-in with a teen in Minnesota resulted in her information being posted online. Apparently the teen had hacked in to Ms. Hilton’s phone.

 

A busboy was not using his head when he stole Ms. Oprah Winfrey’s social security number, birth dates of friends and relatives and even addresses of Oprah and 200 of the Richest People in America list published in Forbes. With the use of cell phones, a library computer and people imitating couriers, the thief snagged all of this info from credit protection services and reporting through Equifax.  If you’re going to steal someone’s identity (or bank info) you might as well swing for the fences and steal Oprah’s right?

Tiger WoodsKnown criminal, Anthony Lemar Taylor, picked a good one. He obtained Tiger Woods’ information after finding his information was not that secure. Taylor purchased $50,000 in merchandise. To top it all off, Taylor procured a fake license to drive, social security card and a military I.D, all in Tiger’s name. This bright guy even misspelled Tiger’s middle name wrong on the document’s but managed to still fill a storage unit to the hilt with stolen goods.

 

Image result for Will SmithWill Smith found several fake accounts were used to grab $33,000 under his real name, William C. Smith. The 2009 incident wasn’t the first time for the thief. He had been arrested before for stealing the former Atlanta Hawks basketball player, Steve Smith’s name. He was still on parole for the prior arrest. Some folks never learn.

So what’s the moral of the story here?  That anyone can be a victim of identity theft.  You, me, Kim Kardashian or the mail man.  Identity thieves don’t discriminate.  If you haven’t started making decisions to better protect your identity, then you are just a statistic waiting to happen.  Learn how to protect yourself on a daily basis and discover what credit monitoring can do as an proactive tool to help limit the damage should be ever be a victim of identity theft.

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