ICFE eNEWS #07-21 - November 15th 2007
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Don't Let Identity Thieves Enjoy a Holiday Shopping Spree on You

San Diego, CA. - The ICFE's friends at the nationally recognized Identity Theft Resource Center here in San Diego have put together a beneficial list of steps for people to take in order to reduce the chances of your becoming a victim of credit and identity theft this holiday season. With their permission, here is the ITRC's list of tips from their Web site at IDTheftCenter.org
The Identity Theft Resource Center gets more calls about lost and stolen wallets between November and January than any other time of the year. The time between Thanksgiving and Christmas is the biggest shopping season of the year. As we enter the holiday season, we would like to remind everyone to be aware and take the following precautions against identity theft. After all, tis' the season to enjoy, not be stressed as an identity theft victim.

Identity theft is not just something you read about in the paper. About 15 million people fall victim to this crime every year. Because of the distractions of the holidays and crowded shopping environments, conditions are ripe for identity thieves and pickpockets to take advantage of the situation.

The following are the Identity Theft Resource Center's Tips and Suggestions to be safe during the holiday season.
' Social Security Numbers: Absolutely, never carry your Social Security card or its number. Only carry it on the days you need it (i.e. applying for a job) and keep it in a locked box at all other times. This is true not only during the holidays but year-round. The Social Security Number is more valuable than gold to identity thieves.
' Mail Awareness: Watch for monthly statements. We all know that the holidays will cause some mailing delays. However, if you have not received these documents within a few days of their regularly scheduled dates, contact the bank or creditor as well as the Post Office. Watch for holiday gifts, tax bills, SSA statements, cards and even pre-approved credit card offers. Failure to receive a bill could be as innocent as a delay, or it could be an indicator of mail theft. Remember, a locked mailbox is a necessityin today's world.
' Mailing bills: Every year we see post office boxes filled to overflowing with outgoing mail. We recommend that you mail envelopes containing checks or sensitive information inside the post office before the last pickup of the day. During the holidays, make sure that the post office box is sufficiently empty so that that your mail doesn't sit within easy reach of someone's grasping hands.
' Shoulder surfing: Shoppers often open new credit cards to cover large holiday purchases. This makes it a perfect time for shoulder surfers to "borrow" sensitive information. Take a few extra moments to protect credit cards, driver's licenses and checks from wandering eyes. Instead of verbally sharing requested sensitive information, write it down for the clerk and take that slip of paper home with you. And don't forget that while you sit waiting for a plane or walk down the street, anyone can hear your cell phone conversation. Don't share your credit card numbers or Social Security Number in an open, public environment.
' Credit card receipts: It is now mandatory that businesses truncate all but the last 5 numbers on credit card numbers and the expiration date on the customer copy of receipts. If the number is not truncated, place it in a secure location in your wallet. Do not throw receipts in purchase bags. Pickpockets and thieves most likely won't steal grandma's new sweater, but they will be happy to take the receipt that may have your credit card number on it.
' Credit Card Skimming: Credit card skimming occurs when a clerk slides your credit card through a second machine that scans the information from the magnetic strip and stores it until it is downloaded onto a counterfeit card. Remember, "Out of sight, out of control." Keep your eyes on your cards at all times. Don't let a clerk or accomplice distract you from the transaction.
' Information protection: Cross-cut shred any receipts you no longer want, especially those with credit card numbers on them. Lock up any documents with financial, credit or Social Security information on them BEFORE allowing guests into your home for that holiday party. Be stingy with your Social Security Number - there are only a limited number of reasons a company might need it. Add passwords to all your credit card accounts, financial accounts and utility accounts to verify your identity.
' Dumpster diving: We all get more mail than we can deal with at this time of year. Take the time to look through each envelope. Don't assume an envelope contains a business gift card or advertisement. It may well be a pre-approved credit card offer or transfer balance check that looks a greeting card. Confetti shred any documents that contain bar codes or sensitive data or something someone could use to steal an identity.
' Online Shopping: Keep a printout of the web page(s) describing the item you ordered, any email messages, and the page that shows the seller's name, address, telephone number and return policies should you have any problems. For online purposes, it is not necessary to provide a Social Security Number. A credit card number is preferred for on-line purchases. Make sure the company is on a secure server with "https" and a locked padlock.
' Purse snatching and pickpockets: Minimize what you carry with you. Credit cards, debit cards, check books, and deposit slips are the easiest items for a thief to use. Make it difficult for a thief to access your information. Unzipped purses, backpacks or open bags are open invitations to pickpockets. If carrying a purse, loop the strap over your shoulder and have the clasp-side of the purse against the FRONT of your body.
' Car theft issues: Don't leave your laptop, purse, or any item with credit cards, checks, a driver's license or Social Security Numbers visible in your car. It's an invitation to steal. The best way to handle this is to lock these items in the trunk of your car while you are in the garage and not when you arrive at your destination.
' Debit cards are not credit cards: Debit cards are a direct link to your bank account. When you use a credit card, you receive a billing statement, giving you time to "dispute" fraudulent activity before paying the bill. Debit cards electronically transfer money immediately. ITRC recommends that you leave these in a safe location at home during the holidays.
' Check writing: Write checks with a gel pen with specially formulated ink that absorbs into the paper fibers or one with non-erasable ink. This makes it harder for a thief to alter.
With some additional awareness, the holiday season doesn't have to be an open door to identity thieves. While you cannot completely prevent yourself from becoming a victim, following these tips should prevent you from being an easy target.
The Identity Theft Resource Center is a non-profit organization established to support victims of identity theft in resolving their cases, and to broaden public education and awareness in the understanding of identity theft. It is the on-going mission of the ITRC to assist victims, educate consumers, research identity theft and increase public and corporate awareness about this problem.


About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org).  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org.  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

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