The issuing bank's representative joked that the incident could be used as a commercial with the slogan "Dogs don't chase us, we chase them." How does this happen? Dawg isn't the only one-Monty, a Shih-Tzu was extended a $24,600 credit line), other pets, and toddlers get credit cards? Creditors want to establish new accounts in order to make a sale.
In the rush to issue a new account, errors can be made, and fraudsters can scam the system.
In a 2003 survey of more than 4,000 Americans, the Federal Trade Commission found that in the previous year, identity theft cost victims $5 billion in out-of-pocket expenses, as well as 300 million hours of their time trying to fix damage caused by the crime.
The FTC survey showed that in all, 27.3 million Americans were affected by identity theft in the previous five years.
Then the personal information is used to apply for credit.
The impostor will use the Social Security Number, mother's maiden name, date of birth, and current address on an application at a retail store.
EPIC is not affiliated with the Privacy Rights Clearinghouse.
Often referred to as the fastest growing crime, identity theft is the appropriation of another's personal information in order to commit fraud, or to masquerade as another person.
If you are a victim of identity theft, this page may be useful to you, but you should first focus on the resources authored by the Privacy Rights Clearinghouse.
Victims should make themselves familiar with Privacy Rights Clearinghouse Fact Sheet 17, and other resources on the organization's page.