Ways In Which The Id Theft Deterrence Act Can Aid Victims Of Fraud ...

According to studies done by Gartner Inc only one in seven hundred people who commit identity theft are ever caught and brought to justice. In Oregon recently it seems like they may have caught the one.

Associate Press News Service reported that one identity thief showed up at a local bank in order to cash another fraudulent check. What gives this story such a weird twist is the person he victimized turned out to be the one that apprehended him. It seems that person was there at the exact time disputing the bogus charges showing up on his financial statement.

Regrettably for most people who have been the victims of identity theft the chances of physically apprehending the person doing the stealing are very slim. Identity theft and fraud affects eight to nine million people every single year. While certain forms of identity theft like check fraud are on the decline the same cannot be said for other types like phishing websites which have seen a sharp increase. The innovations in technology are making identity fraud a whole lot easier.

The ability to steal personal information has also reached cell phone users where downloading certain apps can result in sensitive data you?ve stored in your phone getting hijacked and sent to remote servers where thieves are waiting to record that information such as online banking logins and password.

The good thing is there is an excellent resource at your disposal. In 1998 The U.S Congress passed the Identity Theft and Assumption Deterrence Act. This law made identity fraud a federal offense and with it comes stiffer penalties any time identity thieves are caught and found guilty.

This also in addition put the Federal Trade Commission at the forefront of battling identity theft. The FTC and specifically their web site is filled with information such as prevention, videos and news item updates. Over the past decade they have performed a tremendous job in their work to inform the public at large on exactly how engraved this crime has become in our society as well as the measures necessary to safeguard from it.

A vital feature was the creation of the Identity Theft Clearinghouse data source. It is an online repository built to help local as well as federal law enforcement. All complaints regarding identity fraud are promptly put into the database that is updated continuously.

One other thing this law has accomplished is to help consumers with whatever credit problem they may be experiencing due to identity theft. Even when they know you?ve been victimized credit agencies for whatever reason are still slow moving in regards to removing it from your personal records. This process will often get speeded up once you have the federal government supporting you.

Source: http://map.smithvisual.com/?p=113695

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