This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Protect Yourself From Rising Identity Theft Crimes

Continued tough economic times and high unemployment may lead to more financial scams, including credit card fraud and other types of identity theft, according to the Identity Theft Resource Center and renowned security consultant Robert Siciliano.

Desperate Times Lead to More Credit Card Fraud

Desperation leads some people with no criminal background to commit their first scams. After maxing out credit cards and ruining their credit scores, these folks resort to stealing credit card numbers. They may resort to low-tech methods, such as swiping credit card information from trash barrels, or they could use the Internet to send phishing e-mails or post phony ads on Craig's List to get cash or credit card numbers.

Experts have long known that many identity theft cases are perpetrated by acquaintances, friends, or loved ones of the victims. Federal Trade Commission survey reports show that identity theft victims knew those who had misused their personal information in 16 percent of all ID theft cases. And 6 percent of victims reported a family member or relative as the perpetrator. The ID Theft Resource Center and Siciliano predict more of these sad, "all-in-the-family" cases.

The center reports that almost 10 percent of its caseload in the last half of 2009 involved the misuse of children's social security numbers.

Siciliano and the ID Theft Resource Center also project an increase in hacking cases to steal personal financial information, such as credit card, bank account, and social security numbers. Hackers are honing their skills and passing them on to young protegees, says center founder Linda Foley.

Besides credit card fraud, experts predict an increase of other types of scams, such as phony job listings that trick people into sending cash or giving out their social security numbers, governmental ID theft (stealing someone's identity to get government benefits) and medical ID theft (theft of a victim's identity to get health coverage).

Don't Become a Credit Card Fraud Victim

Protect yourself by:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs