Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit Transactions Act of 2003

The detection of red flags and the need to reconcile address discrepancies are among the most important anti-identity theft measures included in FACTA. Effective business policies and practices that spot attempted and actual identity theft early have great potential for relieving this national crime wave. This was the promise and Congress’ intent when it directed the Agencies to adopt Red Flag Regulations along with procedures to reconcile address discrepancies in credit reports.

Real ID Act Will Increase Exposure to ID Theft

If you think identity theft is bad now, wait until something called the Real ID Act goes into effect. This law federalizes and standardizes state driver’s licenses for all 50 states, and it will result in something that has been resisted in this country for a long time -- a de facto national identity card.
The Real ID Act was pushed through Congress in 2005 with little meaningful debate. It imposes sweeping changes on state driver’s licenses that will result in significant new fees and hassles for everyone who needs a license or ID – not to mention posing a new threat to Americans’ privacy. And, our experience suggests that if Real ID becomes the standard for driver’s licenses, it will worsen the problem of identity theft.

Is Your Client Prepared To Comply with the Data Security Breach Notification Laws? (Mansfield)

California adopted the first data security breach notification law, codified at Cal. Civ. Code Section 1798.80 et seq., effective July 1, 2003. nearly 40 other states have since adopted similar laws modeled after, but not the same as, the California law. Presently pending in Congress are several bills that would adopt a variant of the California model on a nationwide basis, including the Notification of Risk to Personal Data Act of 2007, S.239 (introduced January 10, 2007).

Preventing Identity Theft: Industry Practices Are the Key

Discussions on preventing identity theft often focus on steps consumers can take, such as shredding their trash and restricting access to their Social Security number (SSN). But realistically, while such measures can reduce the odds of becoming a victim, there is little consumers can do to actually prevent identity theft. The key to prevention, rather, is for businesses to establish responsible information-handling practices and for the credit industry to adopt stricter application verification procedures, among other strategies (see below).

Identity Theft Surveys and Studies: How Many Identity Theft Victims Are There? What Is the Impact on Victims?

Recent Surveys and Studies from Javelin Strategy & Research, Better Business Bureau, Identity Theft Resource Center, Federal Trade Commission, Gartner, and Privacy & American Business

Nowhere to Turn: Victims Speak Out on Identity Theft - A Survey of Identity Theft Victims and Recommendations for Reform

Identity theft is a growing crisis in the United States. As the crime becomes more visible, stories of victims' complex experiences permeate the media. Identity theft occurs when someone invades your life, taking pieces of your personal identifying information as his or her own, and ruins your financial reputation. In addition, victims of this crime face extreme difficulties attempting to clear the damaged credit, or even criminal record, caused by the thief.

Identity Theft: How It Happens, Its Impact on Victims, and Legislative Solutions

I appreciate the ability to provide written and oral testimony on the skyrocketing crime of identity theft, its impact on victims, and possible solutions. And I commend you and the Subcommittee members for addressing this issue. My written testimony is in four parts:

  • Topic number one is the crime itself - what is identity theft, how much of it is going on, and why it is happening in epidemic proportions.

  • Second, I will discuss the many ways in which identity thieves obtain the bits and pieces of information they need to impersonate others -- mainly Social Security numbers (SSN) and credit card account numbers.

  • Third, I will explain some of the impacts on victims.

  • And fourth, I will recommend legislative and industry measures to prevent identity theft and to expedite the ability of victims to regain their financial health.

Potential Identity Theft Scam Related to Terrorist Attacks

The media, law enforcement officials, and consumer organizations have been alerting the public of potential harmful scams, including charity scams, as a result of the terrorist attacks in New York City and Washington, D.C.

The Identity Theft Resource Center and Privacy Rights Clearinghouse also urge media outlets and consumer organizations to alert the public of two potential identity theft-related situations that might arise from the recent World Trade Towers disasters.

The VA's Data Breach - Tips for Veterans and Action You Can Take under Federal Law

(May 23, 2006) Sensitive personal information of 26.5 million veterans was stolen recently when the home of a VA employee was robbed. The individual had brought a computer and disk home containing names, Social Security numbers (SSNs), dates of birth, and other information of anyone who served in the military and has been discharged since 1976. The theft apparently occurred May 3, 2006.

It's Tax Time. Take These Extra Precautions with Your Mail

During the month of January, check your mailbox for “information returns” from organizations (both individuals and businesses) that have made taxable payments to you during the previous year.  These information notices will arrive on IRS approved forms, but will be sent to you directly by the organization providing you with taxable income.  The most well-known information return is the IRS W-2 form which reports your taxable wages.


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