Types of Identity TheftPooja Kalra

SRIMCA 2013

Types of Identity Theft• Financial ID Theft• Criminal ID Theft• Identity Cloning • Business ID Theft• Medical ID Theft• Synthetic ID Theft• Child ID Theft

Types of Identity Theft• Financial ID Theft• Criminal ID Theft• Identity Cloning • Business ID Theft• Medical ID Theft• Synthetic ID Theft• Child ID Theft

Financial ID Theft• Financial ID theft include bank fraud ,credit card fraud .

• Financial ID occur when a fraudster makes a use of someone else's identifying details ,such as name SSN and bank account.

• Fraudster can open a new credit card account in the victim’s name and card charges up, payment is ignored, leaving the victim with bad credit history.

• Sometime fraudster completely takeover the victim ‘s identity, which enables the fraudster to easily open bank accounts, multiple credit cards,purchase a vehicle ,receive a home loan or even find employment in victim’s name.

Types of Identity Theft• Financial ID Theft• Criminal ID Theft• Identity Cloning • Business ID Theft• Medical ID Theft• Synthetic ID Theft• Child ID Theft

Criminal ID Theft• A specific type of ID theft that occurs when a criminal gives another

person’s name or personal identification to a law enforcement.

• Criminal identity theft occurs when someone arrested for a crime uses another person's name and identifying information, resulting in a criminal record being created in that person's name.

• When that happens, the victim of criminal identity theft can have problems with law enforcement or be unable to gain employment. It is a serious, but rare, problem.

Types of Identity Theft• Financial ID Theft• Criminal ID Theft• Identity Cloning • Business ID Theft• Medical ID Theft• Synthetic ID Theft• Child ID Theft

Identity Cloning

• When a fraudster lives as the victim, getting married, working, paying taxes and possibly committing crimes.

• Identity cloning is the act of a fraudster living a natural and usual life similar to a victim’s life, may be at different location.

Types of Identity Theft• Financial ID Theft• Criminal ID Theft• Identity Cloning • Business ID Theft• Medical ID Theft• Synthetic ID Theft• Child ID Theft

Business ID Theft

• When most people think of identity theft, they imagine an individual victim’s Social Security or credit card number being stolen.

• However, identity theft does not just affect individuals. Business identity theft occurs when a business’s identity is used to transact business and establish lines of credit with banks and/or vendors.

Types of Identity Theft• Financial ID Theft• Criminal ID Theft• Identity Cloning • Business ID Theft• Medical ID Theft• Synthetic ID Theft• Child ID Theft

Medical ID Theft

• Medical identity theft happens when someone steals your personal information and uses it to commit health care fraud. Medical ID thieves may use your identity to get treatment — even surgery — or to cheat insurers by making fake claims.• Repairing damage to your good name and credit record can be difficult

enough, but medical ID theft can have other serious consequences.• If a scammer gets treatment in your name, that person’s health problems

could become a part of your medical record.

Types of Identity Theft• Financial ID Theft• Criminal ID Theft• Identity Cloning • Business ID Theft• Medical ID Theft• Synthetic ID Theft• Child ID Theft

Synthetic ID Theft

• This is the “latest thing” in the ID theft world.• The thief will take parts of information from many victims and

combine it. • The new identity isn’t any specific person, but all the victims can be

affected when it’s used. It will show up in the areas above, so look to those sections for additional information.

Types of Identity Theft• Financial ID Theft• Criminal ID Theft• Identity Cloning • Business ID Theft• Medical ID Theft• Synthetic ID Theft• Child ID Theft

Child ID Theft

• Child identity theft occurs when a child’s Social Security number is used by another person for the fraud’s personal gain. The fraud can be a family member, a friend, or even a stranger who targets children. • A child's Social Security number can be used by identity thieves to

apply for government benefits, open bank and credit card accounts, apply for a loan or utility service, or rent a place to live. Check for a credit report to see if your child’s information is being misused. Take immediate action if it is.

Case Studies

CHRIS FROM ARIZONA :-•AllClear ID discovered that a 17-year-old girl has over $725,000 in debt. Chris’s daughter’s Social Security number was linked to eight different suspects living in border states. The suspects opened 42 open accounts including auto loans, credit cards, and bills in collections including medical, credit cards, and utilities.

•STATUS: The case is in progress.

Case study 1

STEPHANIE FROM IDAHO :-•AllClear ID discovered that Stephanie, a minor, had a credit file with unpaid debt. The suspect used Stephanie’s Social Security number to open two different accounts with mobile phone companies, leaving over $1,000 in unpaid bills. The unpaid bills had moved into collections and were reported– establishing a history of bad credit for Stephanie.

•RESOLUTION: AllClear ID worked with Stephanie’s parents to file police reports and restore her credit file and identity.

Case study 2

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