Restore your Identity

Identity theft is targeting younger victims and still a growing crime according to the Consumer Sentinel Network Data Book, recently released by the Federal Trade Commission. Not surprisingly, the age of the victims is dropping each year as younger consumers increasingly shop online without properly protecting their personal information. It seems the younger generation, though raised on personal computers, lacks the street smarts needed to match the identity thieves’ techniques.

Most surprising are the FTC’s recommended solutions for restoring your identity after a theft occurs. With two million victims every year – and growing – you would think the FTC would advise consumers to do more than merely report identity thefts and place initial fraud alerts. Yes, a fraud alert is an important step in the process but much more needs to be done. Reporting the crime to the FTC as they recommend is just an exercise in futility, doing nothing to actually help the victim restore their stolen identity.

Most important in reporting identity theft is the method by which the identity restoration is approached. There are several critical legal issues involved with reporting identity theft that if done improperly can have disastrous results for the consumer. For example, if consumers fail to include certain documentation or use the correct language in their communications with creditors and debt collectors they can be held liable for identity theft debt. The same problem arises when consumers try to remove identity theft debt from credit reports. Using the wrong language or taking the wrong approach in dispute or challenge letters will result in denials to investigate or delete the information. At a minimum the process of identity restoration will be delayed by failing to take the proper steps.

In addition to the financial ramifications, identity theft can also be emotionally devastating to the victims. Many victims of identity theft report symptoms of emotional distress similar to victims of violent crime. Restoring the consumer’s identity after a theft occurs simply adds to the stress these victims face.

The best advice to consumers is to report identity theft correctly and carefully. If consumers are unsure how to do so or if they are a victim of criminal identity theft they should contact an experienced consumer protection attorney who can walk them through the process.

Identity theft is one of the fastest growing crimes in history but it is relatively easy to prevent identity theft in most cases.  Millions of consumers fall victim to it every year and regrettably, the effects of identity theft are significant.  Many victims of identity theft are so traumatized they often report symptoms of mental and emotional distress similar to victims of violent crime.

The good news is that it is easy to prevent identity theft from happening to you.  Here are a few tips to stop identity theft before it ever occurs:

• Use only secure Internet connections, websites, and browsers
• Never open an email originating from an unknown source
• Never click a link or open an attachment send to you by email
• Use different passwords for different websites and make sure the passwords are too long and complicated to guess or decipher
• Use security questions and answers for online websites to which you enroll
• For online purchases use a credit card rather than a debit card
• Always use software such as virus protection, firewalls, malware protection, and spam filters; even on smartphones and tablet computers
• When possible use cash to pay for purchases
• Never give out personal information over the telephone unless you initiated the call and are 100% certain you are giving it to a trusted company
• Never carry you social security card in your wallet
• Don’t disclose your social security number to anyone unless absolutely required
• Carefully review all your financial records and billing statements every month to watch for unauthorized charges
• Obtain your free Annual Credit Report once a year to check for unauthorized accounts opened in your name

Taking all of the above steps will prevent identity theft most of the time though it won’t prevent it all.  Even so, use caution in disclosing your personal information and you will be far less likely to become a victim than someone who is less guarded. The simple fact is that you are your own best defense to prevent identity theft.  If your identity does get stolen there are several steps you can take to restore your identity though it is better to avoid identity theft in the first place.