INTRODUCTION
The day begins just like any other one normally would.
You’re on your way to work in the morning and realize you
need to make a quick pit stop at the gas station before you
run out of fuel completely. You fill up the tank and grab a
coffee and newspaper once inside the store. You offer the
cashier your credit card and are stunned when she tells you
that it has been rejected. As the wave of embarrassment
rushes over you, you fumble around in your pockets for
enough cash to cover the entire bill. On the way out you
stop at the ATM to replace the money you had in your
pocket and to your horror the screen tells you that your
account has insufficient funds.
Panicked now, you arrive at
the office and immediately check your online credit card and
bank statements. Your checking account is in overdraft
which means there must be some kind of mistake as you
know there was enough in there for the next mortgage
payment and then some. Your credit card statement shows
thousands upon thousands of dollars worth of purchases
over the last two weeks that you know you didn’t make.
When you finally call the bank to find out what’s going on
they pass you over to a supervisor who tells you that the
loan you recently applied for has been denied. Because
you’ve applied for credit at a number of other places within
the last month they aren’t comfortable in extending a loan
to you based on your current debt load.
With your head spinning and thoughts coming at you a
million a minute you finally realize…you have just become
the latest victim of Identity Theft.
CHAPTER 1: WHAT IS IDENTITY THEFT?
As the quickest growing crime in America, identity theft
affects approximately 7 –10 million people every single year.
Simply put, identity theft is the act of using someone else’s
personal information, or their actual identity for personal
gain. Frighteningly it happens without you even knowing it
and once you have become aware of it, in most cases the
damage has already been done.
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