ICFE eNEWS #16-15 - May 2016
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Don't be caught short when identity theft hits you.
By Yan Ross, Director of Special Projects, ICFE

There's a developing phenomenon where identity thieves take a second bite of the victim's proverbial apple. They compound the damage by claiming to be the victim, thus prolonging and making more difficult the process of restoring the integrity of the victim's identity. It's like an arsonist burning down your home and then placing a claim with your insurance company for the homeowner's money.

That's why it's important to be prepared to prove you are yourself. It may seem redundant, or even silly, but one of the first requirements for the identity theft victim faces is to produce the relevant documents. Having accurate, up to date, documents will speed the process of sorting out the damage and recovering your identity quickly and with the least adverse after-effects.

The more common of these personal identification documents include the following.
In order to assure that identity thieves don't throw that second punch, it's advisable to take a few minutes soon to locate the documents necessary to prove your identity, and to make sure at the same time that they are up to date with accurate information.

It's easy to put off updating for simple changes like change of address, account numbers, and seeking replacement of lost identification documents. But the small effort is well worth while when the moment comes to learn of the compromise of sensitive personal information.

Remember, even if the identity theft results from a third party's failure to protect the confidentiality of sensitive information, it's up to the consumer to take the necessary steps to enroll for identity restoration or other similar service offered by the breached organization to mitigate the potential damage.

Learn more at the web site of the Federal Trade Commission: https://www.identitytheft.gov/

The ICFE's Certified Identity Theft Risk Management Specialist ® XV CITRMS® course is now available both in printed format and online. See: http://www.financial-education-icfe.org/ICFE_CITRMS/default.asp

The Textbook and Desk Reference edition of the course book is also available at https://www.createspace.com/6176952 . Bulk pricing and discounts for veterans and students available. Inquire at yan.ross@icfe.info

Yan Ross is ICFE's Director of Special Projects, and the author of the Certified Identity Theft Risk Management Specialist ® XV CITRMS® course. As an accredited educator for over 20 years, he has addressed Identity Theft Risk Assessment and management for consumers, organizations holding personally identifiable information, and professionals who work with individuals and organizations who are at risk of falling victim to identity thieves.

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Sent by:

Paul S. Richard
President - Executive Director
Institute of Consumer Financial Education (ICFE)

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