IDENTITY THEFT “How Safe Is Your Good Name” Presenter: Robert

IDENTITY THEFT “How Safe Is Your Good Name” Presenter: Robert “Wayne” Ivey Florida Department of Law Enforcement Resident Agent in Charge Melbourne Field Office

Presentation Overview ID Theft Defined Scope of The Problem ID Theft At The National Level What Drives ID Theft Points of Compromise Criminal Activity and ID Theft How We Gain Control

What is ID Fraud? Involves the use of personal identifying information of a “person” to commit fraud Ranges from unauthorized use of a credit card or check to a comprehensive takeover of another person’s identity Result in the loss of assets, creditworthiness, and “good name” Criminalized in Florida by §817.568 Florida Statutes

Personal Identifiers Name, date of birth, social security number, address, phone number, driver’s license number, passport number, etc. Financial Identifiers – Credit Card numbers, bank account numbers, pins, etc.

Scope of the Problem ID Fraud can claim many victims, including credit grantors and the individuals whose identities are stolen No one is immune from victimizations Merchants Employers Court system Financial institutions

Scope of the Problem ID Fraud is the fastest growing crime in the country if not the world not new but technology has streamlined the process vast amounts of information readily available able to secure credit and goods instantaneously through the Internet Electronic commerce makes it more difficult to investigate

The Impact Of Identity Theft At The National Level

What Drives ID Theft? FACTOR # 1 FACTOR # 2 FACTOR # 3

50 Number of Months Between Date Identity Theft First Occurred and Date First Discovered by Victim 48% January 1 – December 31, 2002 Percentage 40 30 22% Average Number of Months Between First Occurred and First Discovered Dates: 12 20 8% 10 7% 8% 2% 5% 0 Less Than 1 Month 1 to 6 Months 7 10 12 Months 13 – 24 Months 25 – 48 Months 49 – 60 Months Over 60 Months

How Theft of Personal Identifiers Occurs Points of Compromise

Types of Identity Theft Crimes Credit Card / Access Device Fraud Skimming Check Fraud Bank Fraud False Identification Fraud Public Assistance Fraud Mortgage Fraud Passport / Immigration Fraud

Skimming Skimming is a fraud committed when a customer’s credit card is used to pay for a legitimate transaction. HOWEVER. .the card is diverted by an employee who swipes the card through an illegally used device that stores the information from the card’s magnetic strip.

Number of Victims by Identity Theft Type November 1999 through June 2001 30,000 Unspecified Number of Victims 25,000 Total Number of Victims 69,370 Existing Account 20,000 Securities or Investments Unspecified Existing 15,000 10,000 New Account New Utilities New Wireless Other Residential Lease Unspecified EFT Unspecified Tax Return Benefits Medical Dental Bankruptcy Internet or E-mail SSA – Other New Account 5,000 New Telephone Check Fraud Documents Employment 0 Credit Card Fraud Phone or Utilities Depository Accounts Fraudulent Government Loans Documents Other Attempts

Who Is At Fault? Financial Institutions Credit Card Companies Lending Organizations Credit Bureaus