4 Signs You Are Dealing With An Identity Fraud - PowerPoint PPT Presentation

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4 Signs You Are Dealing With An Identity Fraud

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By definition, “identity theft” occurs when someone steals your identity whereas “identity fraud” occurs when that person uses your identity to commit fraud or deceive someone. – PowerPoint PPT presentation

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Title: 4 Signs You Are Dealing With An Identity Fraud


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 By definition, identity theft occurs when
someone steals your identity whereas identity
fraud occurs when that person uses your identity
to commit fraud or deceive someone.
There are many ways in which identity theft can
occur such as
Once this information falls into the notorious
hands of the fraudster, he is now well equipped
to commit the crime.
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What kind of crimes can be committed once thieves
get hold of your personal information?
Your Personal information can be used to
Your credit card can be used to make unauthorized
purchases. These crimes can affect your credit
scores too.
Here are 4 giveaways to indicate that someone has
stolen your information.
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YOUR ACCOUNT STATEMENT LOOKS SUSPICIOUS OR YOUR
CHECKS BOUNCE
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When checking your account statement, even a
small discrepancy should raise an alarm.
Check for unknown withdrawals, deductions or
payments.
You may have become a victim of financial
Identity Fraud.
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SAFETY MEASURES
Be aware of your spending, subscriptions, and
purchases. Make an excel sheet and note down
them with their amount.
Get your bank KYC done by completing PAN
Verification and other Identity Verification
procedures.
If you suspect unapproved access to your bank
account, then open a new one with a new account
number and update account information.
Keep a regular check on your accounts for any
suspicious or unfamiliar activity immediately
contact your bank in case you smell a fraud.
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YOU DETECT SOME DUBIOUS ACTIVITY FROM YOUR CREDIT
CARD OR YOUR CREDIT REPORT DOESNT LOOK RIGHT
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Another sign is that the suspicious activity on
your credit card statement.
You may see a small but unknown amount deduction
on your credit card statement.
This could be a check trap by the fraudster to
see whether you are vigilant enough to file a
fraudulent charge.
If you ignore it, the fraudster will go ahead
with a bigger withdrawal.
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SAFETY MEASURES
If you notice fraudulent purchases using your
credit card, contact the merchant card issuer
to alert them and ask them to immediately block
the account.
Contact any credit information company to place a
fraud alert or a credit freeze on your credit
report, which prevents identity thieves to open
accounts in your name.
The credit reporting agency informs about the
fraud to the other agencies.
Always keep an eye on your credit score and
credit reports for signs of any unauthorized
activity.
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DEBT COLLECTORS START CALLING YOU OUT OF THE BLUE
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If you receive even a single call from creditors
asking you to pay the unpaid bills that you dont
even recognize, it is possible that someone has
stolen your personal information and is now
buying credit under your name.
Check your credit report for unfamiliar accounts.
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SAFETY MEASURES
If you are a victim, youll need to contact the
merchant or service provider where the fraudulent
account was opened close that account
immediately.
Inform the credit reporting agencies about the
fraud so that it does not affect your credit
score.
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YOURE UNABLE TO FILE TAXES
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SAFETY MEASURES
Identity thieves may file taxes using your
personal details to route your tax refunds into
their accounts. This would inhibit your ability
to pay taxes.
Contact the local police and the federal trade
commission
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You can get both your personal credit score and
business credit score by applying directly on the
link mentioned below
https//cir.crifhighmark.com
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