Wednesday, November 19, 2003

21 Indicted in Alleged Identity-Theft Scheme - Nearly unheard of just a decade ago, identity theft is considered one of the nation's fastest-growing crimes.

The Federal Trade Commission reports receiving more than 1,000 complaints per week from victims. Thieves have targeted people living on fixed incomes and taken government checks for celebrities such as Tiger Woods and Rosie O'Donnell.

An industry report suggests that within a few years, financial institutions will be losing $8 billion a year to identity thieves and that 500,000 to 700,000 people annually will be victimized.

Although various protections exist to keep people from having to pay for items bought with phony credit cards, it can take years for people to clear up negative reports on their credit ratings. And draining of bank accounts by identity thieves is not uncommon.

A consumer group says that the average victim spends 175 hours and $800 dealing with the problem.

Identity Theft Concerns Have Some Consumers Saying 'Bah, Humbug' This Holiday Season - Nearly unheard of just a decade ago, identity theft is considered one of the nation's fastest-growing crimes.

The Federal Trade Commission reports receiving more than 1,000 complaints per week from victims. Thieves have targeted people living on fixed incomes and taken government checks for celebrities such as Tiger Woods and Rosie O'Donnell.

An industry report suggests that within a few years, financial institutions will be losing $8 billion a year to identity thieves and that 500,000 to 700,000 people annually will be victimized.

Although various protections exist to keep people from having to pay for items bought with phony credit cards, it can take years for people to clear up negative reports on their credit ratings. And draining of bank accounts by identity thieves is not uncommon.

A consumer group says that the average victim spends 175 hours and $800 dealing with the problem.


Tuesday, November 18, 2003

Congress mulls ID theft provisions: "Victims who end up with pock-mocked credit reports often find it takes years to clean up their credit histories."

KHQA - Man Works to Get Identity Back - This is some guy in Illinois who spent a lot of time getting his Identity back. It would have helped to get a notice when the new account was opened. May have averted the entire theft.

And while I'm here, the same article in PC Magazine, also mentioned the FTC's Fraud Resource Center where you can get tips on avoiding fraud.

My first link today! I read about this software company in the December 9th, 2003 edition of PC Magazine. This is a great resource for finding out about Email scams that could cause ID Theft. Mail Frontier Fraud Alerts.

Welcome to the ID Theft Shield Blog.

This is where you'll find all the latest information and news about ID Theft and how to protect yourself.

I am maintaining this site as a resource for people who are interested in or want to learn more about ID Theft and how to protect themselves.

You can email me for more information. My brother also sells ID Theft protection services, and I'll put you in touch with him if you want.

Thanks,

The ID Guru

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