Identity theft is rampant throughout the holiday season. Over the past 3 years stolen data being used in less than one week jumped from 33% to 71%, meaning that they steal today and shop today.  Identity thieves count on our lackadaisical attitude toward monitoring our wealth.

Not only does legitimate business pick up during the holiday season, but Identity theft and fraudulent Business seems to be on the rise as well. Especially during these hard economic times Identity thieves are on the prowl more than ever looking for a quick fix to their financial problems.  It is just not possible to observe and ward off every threat to our identity. There will be documents that you forget to destroy or lock up, accounts that you won’t cancel, checks that you will mail, and waiters that will disappear with your credit card. It is not practical to think that we can cover every situation that threatens the safety of our identity. But we are not helpless in these situations.

Like an experienced spy, we have a solid backup plan. It is extremely important to monitor the key components of our identity especially during the Holidays. Over 50% of all Identity theft is self detected. Here are a few tips to stay safe and keep an eye out for Identity Fraud this Holiday Season:

Can the Law keep up with technology?

CNN has a new article that addresses this growing issue. Cases are continuing to pop up based on an offense or crime committed in cyberspace. Five years ago suing someone for allegedly slamming you on Twitter would have been unimaginable.  But just recently an apartment tenant is being sued for $50,000 in damages after she took to her twitter to complain about her living situation to another user.
Many legal experts are watching these cases carefully because they will lay the groundwork for these unaddressed areas of the law. They said that in this growing age of technology it takes almost 5 years to play catch up with current American law. Lawmakers are unable to predict the next big wave in technology and the legal issues that will follow. With such a severe gray area when it comes to Social Media and your Privacy, society must be able to balance accountability with free speech.

Click Here to read more on this CNN article.

John Sileo provides identity theft training to human resource departments and organizations around the country. His clients include the Department of Defense, Pfizer and the FDIC. To learn more about having him speak at your next meeting or conference, contact him by email or on 800.258.8076.

Identity theft statistics, dry as melba toast, have something to teach us about shopping this Holiday season. Listening to the media, you would think that the Internet and cybercrime are to blame for most cases of identity theft. They are biased toward technology stories because they are new and interesting (actually, they are starting to get old). If it’s not hackers and phishers, then its war driving and key logging.

But their technological bias is Wrong.

Cybercrime only accounts for 11% of actual identity fraud cases in the latest Javelin study and online shopping accounts for a meager 1%!

When it comes to victims having their identity stolen while making in-store purchases, women have a 94% incident rate and men only 43%. Women tend to shop more in stores, men online.
There is an important lesson in this confusion between reality and perception: don’t automatically believe everything you hear, especially in the media.  It’s sexy to write about cybercrime, but the disproportionate amount of attention it receives gives us a false sense that it is the leading cause of identity theft. As you start your holiday shopping, don’t be afraid to shop online, but only if you have protected your computer and internet connection properly.

Here’s what you need to know:

• Technology plays a smaller role in identity theft than we perceive

Google introduced the Google Dashboard on November 5th to help calm privacy critics. This provides a summary of the application data associated with your Google account.

Users are able to see what sites they visit, how many Docs they have created and share, how many iGoogle gadgets they are using, Google Reader info, Profile info, Tasks and YouTube history. This is great way for users to be able to see and control their data. It makes people more aware of what they put out there and allows them to set certain privacy settings. The Google Dashboard is currently available in 17 languages and you can Click Here to Read More.

John Sileo provides identity theft training to human resource departments and organizations around the country. His clients include the Department of Defense, Pfizer and the FDIC. To learn more about having him speak at your next meeting or conference, contact him by email or on 800.258.8076.