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ICFE eNEWS #16-15 - May 16th 2016

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.

  1. Birth Certificate
  2. Driver's License
  3. Social Security Card (even though it says right on the card that it's not for identification purposes, it does have the correct number and the name of the person to whom it's assigned
  4. Insurance Policies and Utility Bills, showing the individual's name and address
  5. Other picture ID, such as from the Veterans Administration

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.

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 Bio PhotoYan 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.

Paul S Richard PhotoICFE eNEWS is available FREE upon request by visiting our Web site and filling out the contact form, and selecting "Yes" for "Add to Mailing List. Please pass this eNEWS on to your peers and interested others and invite them to subscribe for free. Also, visit the ICFE's new Web site: StudentDebtHelp.org

Sent by:

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

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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