A man has been charged for obtaining 130 million credit card numbers by illegal action. It is the biggest American case of identity theft to this date. They hacked into retail computer systems illegally to obtain the credit card numbers. Three men have been arrested in the case. They each face up to 20 years in prison and pay a fine of up to $250,000. That would not be a problem for them-JUST CHARGE IT.
"The real vulnerability [for cardholders], I suspect, is Internet and telephone transactions. But this is a failure in the configuration of [corporate] firewalls," he said. Michelle Whiteman, from anti-fraud organization Financial Fraud Action UK, said that consumers must check their bank statements regularly and flag up any suspicious transactions to their bank. She said that online, telephone and mail order fraud were on the increase, along with fraud committed abroad on UK cards, according to figures released in March. But she stressed that any victim of fraud would "always be refunded in full". CITED CLICK HERE
5 WAYS TO PREVENT IDENTITY THEFT
- Put passwords on credit cards and debit cards
- Do not give our your personal information when asked
- Check monthly statements to verify it is correct
- Obtain a copy of your credit report
- Pay Cash
If you have become a victim of identity theft, then follow these three steps:
- Call the police to file a report
- Contact fraud department and report the incident immediately
- Contact fraud department of each credit bureau to report the incident
Filing a complaint with the FTC
If you've been a victim of identity theft, file a complaint with the FTC by contacting the FTC's Identity Theft Hotline by telephone: toll-free 1-877-IDTHEFT (438-4338); TDD: 202-326-2502; by mail: Identity Theft Clearinghouse, Federal Trade Commission, 600 Pennsylvania Avenue, NW, Washington, DC 20580; or online: http://www.consumer.gov/idtheft. Ask for a copy of ID Theft: When Bad Things Happen to Your Good Name, a free comprehensive consumer guide to help you guard against and recover from identity theft.
cited Click here for further information
The Real Estate and Beyond Team works closely with Praxis Credit Consulting to assist people in the Phoenix metropolitan area who have been victims of identity theft. Click more for further infromation in blue.
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