Posts

Protecting Your Parents from Identity Theft

/0 Comments/in /by

According to statistics, those who are 50-years old and older, like 65-85, are often targets of identity thieves. The bad guys have no issue taking advantage of your parents. They violate their trust, and understand that they are often naïve about the internet and scammy phone callls. Cyber criminals also know that older people have retirement money and more savings, and this money is ready for them to take. Here are some of the common scams that the bad guys use:

Common Scams Against Older People

  • The bad guys might send them an email saying that they are from the IRS, CIA, FBI, or even a bank. The email says that there is a problem that needs the recipient’s attention. The scammers then ask for information like their Social Security numbers, bank account information, and more.
  • Another scam is to pull on their heart strings. In this case, the scammer calls the person and claims to be someone they know, like a grandchild, who needs money wired because it’s an emergency.
  • Scammers also try to take advantage of people by using their home’s information. If they can access the deed of a person’s home, they can use other information, like their bank account number and Social Security number and can refinance the home. Then, of course, they get all of that money and the person living there is none the wiser.
  • Crooks also focus on people in retirement homes. They get a job at these homes, and then manipulate the residents to give them personal information.
  • They seek out the lonely. If your parent is single because of divorce or death they are a target. Loneliness often trumps common sense. There’s a level of desperation that predators seek out.

Preventing Scams Against Your Parents

You probably want to do all that you can to prevent this from happening. Here are some methods you can use:

  • Become the main guardian over the personal information and financial accounts of your parent’s. This way, when your parent is contacted by a suspicious person, they must go through you to get any information. Even information like your mother’s maiden name might be used to commit identity theft down the road. Make sure your parents know that they shouldn’t ever share personal information and any and all requests for any money must go through you. No matter how persistent the person on the phone or via email is.
  • Don’t ever share personal or identifying info on a social media site. Criminals will target your parents in “Grandparents Scams” posing as their grand children in distress using social profiles as research.
  • Make sure your parents know to check their credit card and bank accounts quite often. You should also set up text or email alerts about their accounts.
  • Get your parents a shredder. All bank statements and any other sensitive information should be put through the shredder. Crooks love to go through trash to find old statements and other information that they can use.
  • If your parents use Wi-Fi, show them how to use a VPN. Hotspots are not protected and scammers use them often.
  • When writing an obituary, don’t use any details that a crook could use to steal an identify. Sadly, the bad guys use this information in terrible ways.
  • Explain the importance of email safety. Phishing is very common, and even if an email looks safe and legitimate, no one, including you or your parents, should click a link in an email.
  • Help your parents understand that there is a difference between http and https. Tell them that if a website has http, it is not secure, so they shouldn’t share personal information.
  • You can also help your parents opt out of any unnecessary offers. Go to the website com and sign up.
  • Work with your parents to freeze their credit.

Stay Aware of Scammers

Do not allow your parents to be a scammer’s next victims. You can easily prevent this, and most importantly, your parents won’t have to go through the stress of rebuilding their credit and recovering their identity. One of the most important things that you can do is to be aware of these scams.

Protect the Identity of Your Parents

All of us are vulnerable to identity theft, and we can’t protect ourselves 100% of the time. However, by doing things like signing up for identity theft protection or doing a credit freeze can help to keep us all safe.

Robert Siciliano personal security and identity theft expert and speaker is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen. See him knock’em dead in this identity theft prevention video.

Do You Really Need Identity Theft Protection or is it a Waste of Money?

/2 Comments/in , , /by

I see a ton of articles that say identity theft protection is not something you really need. These articles have titles like “ID Theft Protection Does Not Work,” or “The Poor Man’s Guide to ID Theft Protection.” Though some of these articles have a bit of merit, they totally miss the point.

Here’s the deal – You can’t protect yourself from every type of ID theft out there, and the types you can protect yourself against require a ton of focus. One way or the other, it will cost you money, time, and probably a bit of anxiety too.

Those who have elected not to invest in ID theft protection say they don’t need to pay for a service that they can take care of on their own. Why? Because they do the following:

Dispose of Their Mail, Securely – One thing that people do to protect their identity is to shred all of their mail. This is especially the case when it contains account information. However, this isn’t enough. Though you might do your part, there is no guarantee that your bank, mortgage company, or even electrical provider won’t toss paperwork with your information into a dumpster. At that point, it’s free for the taking.

Opt Out of Preapproved Credit Card Offers and Junk Mail – Yes, this is good advice. You can do it online at OptOutPrescreen.com. However, keep in mind that even if you do this, you will still get some offers.

Get a P.O. Box – I’m not sure why people think that getting and using a P.O. box will help to protect them from identity theft, but they do. Yes, this is a more secure way of getting your mail and in some cases will protect sensitive data. Unfortunately, this doesn’t help much.

Check Their Credit Report – Yes, you should always check your credit report. But, people who believe that checking their credit report can stop ID theft are mistaken. You can get a free credit report each year at AnnualCreditReport.com, but you really need to check more often than once every 12 months. Checking a credit report does not proactively protect your identity.

Set Up Fraud Alerts – People also set up fraud alerts and think they are fully protected from ID theft. Again, fraud alerts are great, but they expire after 90 days, and most people forget to renew the service. Additionally, these are only a guideline for your creditors, and they are not required to contact you if they issue credit.

Freeze Their Credit – These people also freeze their credit. This is a good thing to do, and I think it is fundamental to protecting your identity, but again, it doesn’t help to protect your ID from tax-related identity theft, criminal identity theft, account takeover or medical identity theft.

All of these things help, and are necessary in addition to a Protection Service, but people who stick with these and don’t get full service identity theft protection are putting themselves in a precarious position. Instead, it’s best to get a professional product, which offers better protection.

Robert Siciliano personal security and identity theft expert and speaker is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen. See him knock’em dead in this identity theft prevention video.

Second Hand and Discarded Devices Lead to Identity Theft

/in /by

A new study was just released by the National Association for Information Destruction. What did it find? Astonishingly, about 40% of all digital devices that are found on the second-hand market had personal information left on them. These include tablets, mobile phones, and hard drives.

The market for second hand items is large, and it’s a good way to find a decent mobile device or computer for a good price. However, many times, people don’t take the time to make sure all their personal information is gone. Some don’t even understand that the data is there. This might include passwords, usernames, company information, tax details, and even credit card data.  What’s even more frightening is that this study used simple methods to get the data off the devices. Who knows what could be found if experts, or hackers, got their hands on them. It wouldn’t be surprising to know they found a lot more.

Here are some ways to make sure your devices are totally clean before getting rid of them on the second-hand marketplace:

  • Back It Up – Before doing anything, back up your device.
  • Wipe It – Simply hitting the delete button or reformatting a hard drive isn’t’ enough. Instead, the device has to be fully wiped. For PCs, consider Active KillDisk. For Macs, there is a built in OS X Disk Utility. For phones and tablets, do a factory reset, and then a program called Blancco Mobile.
  • Destroy It – If you can’t wipe it for some reason, it’s probably not worth the risk. Instead, destroy the device. Who knows, it might be quite fun to take a sledge hammer to your old PC’s hard drive, right? If nothing else, it’s a good stress reliever!
  • Recycle It – You can also recycle your old devices, just make sure that the company is legitimate and trustworthy. The company should be part of the e-Stewards or R2, Responsible Recycling, programs. But destroy the hard drive first.

Record It – Finally, make sure to document any donation you make with a receipt. This can be used as a deduction on your taxes and might add a bit to your next tax return.

Robert Siciliano personal security and identity theft expert and speaker is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen. See him knock’em dead in this identity theft prevention video.

Man raises a Family on Dead Man’s Stolen Identity

/in /by

Imagine you learn your husband (or wife) of 25 years is really a different person. That’s what happened to Mary Hickman—25 years after she married a man who had identified himself all those years back as Terry Jude Symansky. The Florida couple had a son and lead an uneventful life, with Symansky working different jobs and even acquiring a pilot’s license.

11DIn actuality, Symansky was really Richard Hoagland, who’d been married twice before, who had lived in Indiana and then mysteriously disappeared and was eventually presumed dead. He had stolen the real Terry Jude Symansky’s identity and got away with this for 25 years—until he was busted by Symansky’s nephew.

The nephew learned of the identity theft, something he never even suspected, via Ancestry.com. He reported this to the police, who then alerted Hickman.

Hickman subsequently came upon documents in the attic proving that her husband was an imposter of a man who had died in 1991 in a drowning accident. Hoagland, 63, was arrested.

So why had he vanished from Indiana? There, he’d had four kids with two wives. He had wanted to get away from one of the wives, so he up and left, though he told her it was because the FBI wanted him for the theft of millions of dollars—a claim that has yet to be substantiated.

How did Hoagland steal Symansky’s identity in the first place? It certainly helped that he had once been living with the dead man’s father, where he had found a copy of Symansky’s death certificate. He had used this document to get a birth certificate, and armed with that, he was on his way to assuming the identify of a man who had never even been married nor had any kids—which had made it even easier for Hoagland to pull off his caper.

We can probably thank those Ancestry.com commercials for causing the chain of events that led up to the crook’s arrest.

Robert Siciliano personal security and identity theft expert and speaker is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen. See him knock’em dead in this identity theft prevention video.

Are You Part of the 70 Percent Who Are Clueless About Identity Theft?

/in /by

You’d think with all the media attention regarding data breaches, hackers and identity theft, that consumers would be more focused on their privacy and how to protect their information from prying eyes. Surprisingly, almost 70% of the people are clueless about how a criminal might have got a hold of their personal information.

We all have a lot going on in our lives, and this is exactly how identity thieves like us. Ever lurking, these criminals are counting on us being too busy to give any thought to who we are sharing our information to. These people are always there, and just waiting for us to make mistakes.

The startling truth is that most victims of an identity theft crime, about 68 percent, don’t know how their information was obtained, and 92 percent of victims have no idea who stole their information. A further 45 percent of identity theft victims don’t realize they are a victim until they hear from their financial institution. There are more than 16 million victims of identity theft each year.

IdentityForce created a very informative info-graphic (nice job IdentityForce!) that shows the public are essentially sitting ducks, just waiting to be picked off by identity thieves.

identity_info

What did you do to expose your information? Consider the following:

  • Got married
  • Gave too much info away on social media
  • Responded to a fraudulent text, message, or email

Additionally, major life events put you at greater risk of becoming a victim, such as having a baby or getting a new job.

When most of us consider identity theft, we usually think immediately of credit card fraud, but there is much more to it than that. Though credit card fraud is a common type of identity theft, these thieves can use the information they have obtained to do the following:

  • Open up a new bank account or credit card…and make changes to your billing address, leaving you none the wiser
  • Take out a large loan, such as a mortgage or vehicle loan, and never pay the loan off
  • File a fraudulent tax return, and taking the money that comes from it

If you find yourself to be a victim of identity theft, you could be dealing with the aftermath for years to come, and could struggle to clear your name and repair your credit score.

Fortunately, there are several ways that you can protect yourself from becoming a victim of identity theft. Some of this includes:

  • Only give out your Social Security number when it is absolutely necessary
  • Do not allow mail to sit in a mailbox
  • Don’t respond to suspicious requests for personal information
  • Only create complex passwords for online accounts

Here’s how to be part of the 30% of informed, alert, aware and cyber smart consumers: Take the “Identity Theft Risk Quiz” here: https://www.identityforce.com/resources/quiz To further protect yourself, sign up for an identity theft service, today.

Robert Siciliano CEO of IDTheftSecurity.com, personal security and identity theft expert and speaker is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen. See him knock’em dead in this identity theft prevention video.

Identity Theft getting even worse

/in /by

In 2015, depending on the kind and type of identity theft we are talking about, identity thieves impacted 1.5 million people or more, says the Javelin Strategy & Research report. That’s more than double than for 2014.

The move from stripe cards to chip cards has motivated crooks to fasten their seatbelts and really take off with an accelerated mode of operation. For them, your Social Security Number is the pot of gold at the end of the rainbow. Thieves will use it to set up new accounts in the victims’ names, then go on spending sprees. This kind of identity theft is called new-account fraud.

  • This can go on for months or years before the victim realizes it.
  • Sometimes the victim never finds out.
  • These cases can also slip by the victim’s bank.

A favorite scam is for the thief to create a fake (partially stolen, partially faked) identity morphed from multiple pieces of real—and stolen—data. So we have not only a stolen identity but a fictitious identity—which could be created using your Social Security number and someone else’s home address and name. This is called synthetic ID, and banks see right past it.

Synthetic ID Crimes

  • ID manipulation: The criminal uses a stolen core identity but integrates false pieces of data to avert detection.
  • Quick synthetics: Data pieces from multiple, real victims are compiled into a single identity.

What can banks do?

  • Analyze cellphone account data to see if there’s a predictable pattern of billing details, since many thieves may use a prepaid, discardable VoIP phone.
  • E-mail history is also important to look at; a new e-mail for an old account should be suspicious for fraud.
  • Another red flag is if the e-mail address doesn’t correlate to the mobile device.

What can be done by credit card issuers?

  • Checking a person’s identity needs to be more thorough.
  • For instance, a red flag would be spotting the same address for several different names.
  • Repeat scoring of the applicant’s risk score, one to three days later, to see if there’s a change. A change is a red flag.

What can you do?

No identity theft is OK. But if synthetic identity theft happens you to, meaning some sleaze uses your SSN, but not your name, you may never know about it. And that means it may not actually affect you. But:

  • Check your credit reports at least annually
  • Consider investing in identity theft protection. Identity theft protection monitors your SSN for activity on the dark web and on most new lines of credit.
  • Get a credit freeze. A credit freeze locks down your credit and prevents new account fraud.

The bottom line is that banks and credit card issuers need to employ a multi-layer approach to screening and approving applicants. The more layers, the harder it will be for a fraudster to penetrate. Four layers are significantly better than two layers.

Robert Siciliano CEO of IDTheftSecurity.com, personal security and identity theft expert and speaker is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen. See him knock’em dead in this identity theft prevention video.

Tax Identity Theft jumps on Payroll Scams

/in , , /by

Do you work for a corporation, especially in the U.S.? You may be at risk for tax return fraud.

9DADP is a payroll provider. Hackers were able to acquire tax information of employees of U.S. Bank from ADP. Now, this doesn’t mean that ADP was directly hacked into. Instead, what happened, it seems, their authentication system was flawed and ADP failed to implement a protection strategy for the personal data to keep it safe from prying eyes.

The crooks registered ADP accounts by using the stolen data of the bank employees. These accounts allowed the crooks to get additional W-2 information—enough to commit tax return fraud. In other words, looks like a W-2 gateway was created to file fraudulent tax returns.

If it happened to U.S. Bank and ADP, it can happen many places else.

ADP says that the breach did not originate from their computer network, but where exactly it did come from is not clear at this point, as there are multiple possibilities including the hacking into of a third party service.

The hackers also used a unique company issued URL. This URL is needed to register an ADP account. It is not known at this point in time if the U.S. Bank URL required credentials to gain access to or not, but since this data breach, U.S. Bank has withdrawn plans to further post the URL online. U.S. Bank has also removed their publicly accessible W-2 form from cyberspace.

Despite the data breach, there were only minimal effects to employees and customers of ADP and U.S. Bank. But the minimal adverse outcome is no reason to let your guard down. Next time, the institutions may not be so lucky.

Solution: Fill out the IRS Identity Theft Affidavit ASAP. Here: http://robertsicilian.wpengine.com/wp-content/uploads/2016/06/f14039.pdf

Robert Siciliano is an identity theft expert to BestIDTheftCompanys.com discussing identity theft prevention.

IRS Identity Theft Prevention Tool hacked

/in , , /by

The Identity Protection PIN tool on the IRS.gov site has been temporarily suspended—because it was recently hacked into. The tool provides retrieval of forgotten or lost IP PINs to users who want an extra layer of protection against identity theft.

9DBut some users who received the IP PINs recently via the online tool learned that a thief had used their IP PIN to file tax returns in their name.

So now, for the moment, you cannot use the IRS’s online function to retrieve your IP PIN; meanwhile, the IRS is investigating the hack.

The online tool attracts taxpayers who lost or forgot the six-digit IP PIN they were issued via snail mail. Despite the suspension of the tool, taxpayers are encouraged to file their returns without any qualms. The IP PINs purpose is to add additional protection to the user, but is not required to process a tax return.

Lesson learned: If you ever receive an IP PIN in the future…memorize it or write it down in hardcopy and keep in a safe place.

Tips from the IRS

  • There will always be someone who misplaces or accidentally throws out the letter containing the IP PIN, or who intentionally discards the document but then can’t remember the number and never wrote it down. They should call the IRS in the wake of this suspension.
  • Over the phone, they will need to verify their identity, after which they will receive a letter with the IP PIN.
  • If since the first of this year the taxpayer has moved, they will need to file a paper return, and this will take longer to process if it doesn’t contain an IP PIN.
  • The IP PIN is given out to those at risk or who feel at risk for tax identity theft. But again, it’s not necessary to use it if it’s been lost or forgotten. But for those who managed to retrieve their number, they should include it on their tax return.

Robert Siciliano is an identity theft expert to BestIDTheftCompanys.com discussing identity theft prevention.

Prevent Child Identity Theft

/in , /by

Here’s one for the know-it-alls: Kids are 35 percent more likely to become victims of identity theft than are adults. Betcha didn’t know that! This startling news comes from a 2015 Javelin Strategy & Release study.

2DNeedless to say, the bulk of parents aren’t on top of this problem, unaware that thieves go after children’s SSNs like two-year-olds grabbing at candy. Thieves know that kids (and their parents) don’t monitor their credit reports. Thieves know that they can get away with their crime all throughout the victim’s childhood until they start applying for college, credit cards, etc., at age 18 or so. That’s a long time to get away with a crime.

Let’s talk about how to prevent child identity theft.

ID Theft Protection

  • Sign on with an ID theft protection company; many such companies protect the entire family including kids.
  • Get an ID theft protection service. This is not the same as antivirus software. For example, ID theft protection services will monitor your credit report. It will also alert you when an account is opened in your name.

Credit Freeze

  • Put a freeze on your kids’ credit reports; 19 states allow this for the three main credit reporting agencies. Equifax allows a freeze no matter what state you live in.
  • A frozen credit will prevent a crook from opening lines of credit in your child’s name.

Who needs your child’s Social Security number?

  • Put your children’s sensitive documents (birth certificate, SSN card, etc.) in a lockable safe and/or keep it hidden.
  • THINK, before you hand out your child’s SSN. Just because it’s requested doesn’t mean you must blindly give it up. Ask yourself: Why on earth do they need my child’s Social Security number? The gruff coach of your child’s new soccer team may be requesting the number. The child beauty pageant director may be asking for it. Don’t be intimidated.
  • Come on, really. WHY would a sports team, karate tournament entry form or any other child-centered activity need this information?
  • Minimize putting your child’s name and address “out there.” Even if you decide to get a magazine subscription for your tween, put your name on the subscription.
  • Meet with your child’s principal to keep your child’s information from getting out. Schools often share personal information of students with third parties.
  • It’s not cute that your five-year-old can rattle off her Social Security number. Kids don’t need to know this number. They need to know your phone number, how to dial 9-1-1 and their home address. But not their SSN. Geez, if they know their SSN, you just never know when they might leak it out to the wrong ears. When kids are in high school, they may need it, but still, be very cautious about when you decide it’s time to give them this information.

Robert Siciliano is an identity theft expert to BestIDTheftCompanys.com discussing identity theft prevention

Identity Theft on the rise affecting over 13 Million

/in , , /by

13.1 million people were stricken by identity theft last year in America, reports a study by Javelin Strategy & Research which reveals:

  • Many people who don’t trust their banks are unwittingly doing things that make crime easier for crooks. This includes not using the bank’s protection services such as e-mail alerts.
  • Oddly, there are more victims than ever, but the total amount stolen is less. But that hardly matters when you consider that in the past six years, $112 billion have been stolen.
  • 18 percent of U.S. identity fraud involving cards was carried out beyond the U.S.
  • New-account fraud is being driven by EMV.

Javelin Strategy & Research’s Recommendations

  • Every account should have a different password. Every password should be long and strong, not containing keyboard sequences or actual words or proper nouns (sorry, this means no Metallica1), and including a mix of characters.
  • Consider using a password manager.
  • Smartphone protection is a must. This means being vigilant about updates and using all security features offered by the device like passcodes or fingerprint access.
  • Sign up for account alerts. Alerts come in different flavors. For instance, you’ll be alerted for purchases exceeding a specified limit or occurring outside your state. See if your bank or credit card issuer provides alerts for international transactions.
  • Put a freeze on your credit. This will prevent anyone but you from opening an account in your name, and it’s cheap to do. But if you unexpectedly find you must open a new line of credit, the freeze can be lifted.
  • If you suspect any suspicious activity, jump on it immediately. Any delay in notifying the credit card company or bank can make it harder for them to resolve the problem.

In addition, inspect your credit card statements every month. Do not dismiss tiny charges that you’re not familiar with just because they’re tiny. Sometimes, crooks will “test the waters” and make miniscule charges to see if they can get away with it. Their intention is to then escalate and ultimately max out the card.

Robert Siciliano is an identity theft expert to BestIDTheftCompanys.com discussing identity theft prevention