Wolf Tracking

Syed Abedin asked:




This type of fraud occurs when a fraudster has an easy access to your bank details either through your credit card statements or utility bills and craftily uses this information to make an application for a credit card in your name. Once the application has been approved, the fraudster is then able to purchase goods and services in your name. Sounds ghastly, doesn’t it? But the ugly truth is that you then become the unfortunate victim of identity fraud. So how can one protect himself or herself from becoming a victim? Here are a few possible ways to ensure that this unfortunate event never happens to you:

First and foremost, remember to shred all official documents that you no longer need to keep in your possession. If you were to simply scrunch up your official document into a ball and then bin it, the fraudster is likely to scavenge your bin, smooth out the creased document and hey presto, all your personal details has, like magic, slipped into his hands! Shredding is a good way of avoiding such a terrible occurrence from happening.

Always remember to check your credit card statements every month so as to ensure no unauthorised transactions have taken place in your name. If you see a suspicious looking transaction recorded in your statement, report this fact immediately to your credit card provider and to the police.

Get the most recent copy of your credit card report and check if there has been any credit search against your name. This will give you a vital clue if anyone has made an application for a credit card in your name. If you find this to be the case, report the matter to the credit card provider immediately. When you move house, remember to inform all official bodies that you no longer reside at your old address. You could also contact Royal Mail for details of their re-direction service.

And lastly, never, ever, reveal your PIN to anyone. And don’t make the mistake of writing it down because if others, whether they are known or unknown, get to read it, they will have an easy access to your bank account. Memorize it instead. Do keep in mind, that the chip and PIN method is an excellent anti-fraud measure to keep potential fraudsters at bay. Without your PIN, the fraudster will be unable to purchase goods and services at retail outlets or withdraw your cash from the ATM.

Michelle Thiel asked:




One of the best ways to fight fraud is to take a proactive approach. Yet some business professionals believe that fraud detection software is the only type of software tool available (or necessary) to fight fraud. Certainly, detection through monitoring can play an important role in your anti-fraud program, but it puts you in a reactive mode. Instead, you should take efforts to better know the people and companies with whom you choose to do business. In other words, do what you can to help prevent fraud from occurring in the first place. Better anti-fraud programs will combine ongoing due diligence with monitoring, and the place to start is with identity verification tools.

There are a variety of reasons that you should know your customers. First, it is just a good business practice. You can help prevent being associated with deceptive individuals, and that can save you money. Such a relationship can lead to direct losses from the particular business deal, but it can also tarnish your company’s name, sending your good customers scurrying to the competition. Second, knowing your customers allows you to focus on those products or services that best meet your customers’ needs. By doing those activities well, you can build (or enhance) a competitive advantage. In addition, some companies face regulatory requirements to identify their customers. For example, certain financial institutions are subject to regulations calling for Customer Identification Programs (CIP), and certain financial institutions are subject to the new Identity Theft “Red Flags” Rules. Many banks collect documents such as a birth certificate, passport, driver’s license, or some other government-issued ID to help establish a customer’s identity. The risk is that personnel may not be able to spot counterfeit documents or fraudulently obtained physical documents. Ensuring your employees are well trained is critical, but what happens when an unfamiliar identification document is presented to your employee? Clearly, the risk of fraud is higher, and some fraud begins with an employee unknowingly accepting counterfeit documentation.

One of the most popular ways to augment identity verification processes is to compare data provided by the potential customer against public records to see if there are any discrepancies. This “non-documentary method” could be very time consuming if not for software solutions that can help you streamline the process. In fact, using identity verification software, this task can frequently be completed within seconds.

Identity Verification Software
Identity verification software is designed to help you quickly and effectively verify the identity of your prospective retail and commercial account holders. This is your proactive step to preventing fraud: recognize the deceptive individuals before the fraud occurs! ID verification software can also help you investigate possible fraud scenarios by helping you confirm whether your customer is the true owner of a Social Security number (SSN) and by detecting potential synthetic IDs. In addition to the potential for identity verification solutions to confirm a true identity, it also may be configurable to perform a custom hotlist check for individuals that might seek to disguise their identity by using an alias or different address.

Being proactive and performing appropriate due diligence can help reduce your risk of being a victim of those that look to perpetrate identity fraud.

Thomas asked:


If you happened to know ahead of time that someone was planning to commit suicide, could you steal their credit card information and make a purchase just a few days before they offed themselves, and get away with it? Not that I’d do it myself, just wondering how feasible it would be.
Just to clarify, I don’t approve of ******* or identity theft. What I’d like to know is, if this were the premise of a wacky black comedy, could the criminal still be charged with a crime?

Karlyna asked:


I got a letter from my mortgage company saying that an employee “may” have sold the information off my application. They have fired the person, but the deed is already done. What should I do? What would you do?
The mortgage company said I get complimentary credit reviewing for two years… but did not mentinon my sister who was the co-signer… and she is worried about her information as well.
Both great answers- I’ll let Yahoo people vote on this one. Thank you!

Jasper asked:


My ex-husbend and his wife stoll my identity to open and use credit cards in my name. I turned it into the police dep. do I need to do anything else? We have to kids and have joint coustdy . What do you think might happen ?

Bernard Pragides asked:




Today, Identity fraud has become one of the most common thefts of the decade – It has been featured in different kinds of magazines and Television shows. It seems like each year the amount of cases being published increase drastically.

In America alone, over 27 million cases are being filed each year and it is still constantly increasing. It is also due to the fact that slowly most of the purchases are done through information – usually credit cards are the ones with high risk, since if they know all about your personal information they can easily use your card to purchase over the internet.

Now, in order to prevent Identity fraud I have listed the essential things you can do to prevent this from happening to you and your family. Keep in mind that if you follow these things you will prevent identity theft at least 90% of the time. So please take note of the information I am about to share with you.

1. Information Awareness

Now this is very essential, you should be extremely wary of the amount of information you are giving away to the public. It can be on the internet or hard copies of your identification documents. So in order to be aware of the situation you just have to limit the amount of information you give out, especially on the internet. Don’t publish all of your information online.

Another thing is you should not allow anyone to copy or borrow your identification documents without proper reason.

Plus, always deal business with an official sanction of a company – Do not try to deal with individuals that don’t seem to have any official identifications, you can also check the person by calling up the company. Shred any financial papers you receive before disposing of them in the trash. This includes any solicitation notices that you may receive for any credit cards or mail from other financial institutions.

Lastly, don’t bring your Social Security Card (or Identification number) with you unless it’s absolutely important.

2. Report Odd Credit Information

This is an extremely important part of preventing identity fraud. Most of the time, people who are involved in the cases think that they could be subjected to identity fraud problems, unfortunately they don’t follow their gut instinct to check.

The telltale signs are monthly expenses that show up in your credit card payment but they don’t provide any form of billing and check your credit card transactions to make sure that all transactions are made by you and if there is a discrepancy, immediately call the company to stop any fraud from continuing further.

And lastly, check your credit report at least once a year to make sure your information (and credit standing) is correct. That’s why it is essential that you exercise these tips and relate them to your friends and family to prevent any of identity theft/fraud problem in the future.