There is a type of identity theft using the Internet called “phishing,” according to Gene Brody, president of Bay Ridge Federal Credit Union in Bay Ridge.
Pronounced “fishing,” that’s exactly what thieves are doing, fishing for your personal financial information.They want your account numbers, passwords, Social Security numbers, and other confidential information so they can use your financial accounts or run up bills on your credit.
In the worst case, you could find yourself a victim of identity theft.With the sensitive information obtained from a successful phishing scam, these thieves can take out loans or obtain credit cards and even a driver’s license in your name.They can do damage to your financial history and personal reputation that can take years to unravel.But if you understand how phishing works and how to protect yourself, you can help stop this crime.
Typically, you’ll receive an e-mail that appears to come from a reputable company that you recognize and may do business with, such as your financial institution.In some cases, the e-mail may appear to come from a government agency, perhaps a federal financial institution regulatory agency.
The e-mail will probably warn you of a serious problem that requires your immediate attention.It may use phrases such as “Immediate attention required,” or “Please contact us immediately about your account.”The e-mail may also state that unless you provide certain confidential information your account will be deactivated or closed.The e-mail will encourage you to click a link to go to the institution’s Website.
In a phishing scam, you could be redirected to a phony Website that may look exactly like the real thing.Sometimes, in fact, it may be the company’s actual Website.In those cases, a pop-up window will quickly appear for the purpose of collecting your financial information.
You may be asked to update your account information or to provide information for verification purposes:your Social Security number, your account number, your password, or the information you use to verify your identity when speaking to your financial institution, such as your mother’s maiden name or your place of birth.
If you provide the requested information, you may find yourself a victim of identity theft.
How to Protect Yourself
* Never provide your personal information in response to an unsolicited request, whether it is over the phone or on the internet.E-mails and Internet pages created by phishers may look exactly like the real thing.They may even have a fake padlock icon that ordinarily is used to denote a secure site.If you did not initiate the communication, do not provide any information.
* If you are unsure whether a contact is legitimate, contact the financial institution.You can find phone numbers and Websites on the monthly statements you receive from your financial institution, or you can look up the company in a phone book or on the Internet.The key is that you should be the one to initiate the contact, using information that you have verified yourself.
* Never provide your account information and/or password over the phone or in response to an unsolicited Internet request.A financial institution would never ask you to verify your account information or confirm a password online.Thieves armed with this information and your account number can help themselves to your money.
* Review account statements regularly to ensure all charges are correct.If your account statement is late in arriving or does not arrive, call your financial institution to find out why.If your financial institution offers electronic account access, check your account activity online regularly to catch suspicious activity.
Help If You Are a Victim
* Contact your financial institution immediately and alert it to the situation.
* Close accounts you think have been tampered with or opened fraudulently.Call the security or fraud department of each associated company or financial institution.Follow-up in writing and supply copies of supporting documents.
* It is important to notify credit card companies and financial institutions in writing.Send your letters by certified mail, return receipt requested, so you can document when and what the company received.Keep copies of your correspondence and enclosures.
* Report all suspicious contacts to the Federal Trade Commission through the Internet at http://www
* File a report with local police or police in the community where the identity theft took place.Obtain a copy of the police report or the report number. It can help you deal with creditors who need proof of the crime, so you are not held responsible.
* If you have become a victim of identity theft, contact one of the three major credit bureaus listed below and discuss whether to place a fraud alert on your file.A fraud alert will help prevent thieves from opening a new account in your name;
Equifax, 800-525-6285 -P.O. Box 740250 -Atlanta, GA30374;ww
Experian,888-397-3742 - P.O. Box 1017 - Allen, TX75013; www.experian.com
TransUnion,800-680-7289 - P.O. Box 6790 - Fullerton, CA92634 - www.transunion.com
For questions contact Gene Brody at email@example.com.
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