What To Do If You've Given Out Your Financial Information

Phishing attacks are growing quite sophisticated and difficult to detect, even for the most technically savvy people. And many people are getting onto the Internet and using e-mail or Web browsers for the first time. As a result, some people are going to continue to be fooled into giving up their personal financial information in response to a phishing e-mail or on a phishing web site. If you have been tricked this way, you should assume that you will become a victim of credit card fraud, financial institution fraud, or identity theft. Below is some advice on what to do if you are in this situation:

• Report the theft of this information to the card issuer as quickly as possible:
  • Many companies have toll-free numbers and 24-hour service to deal with such emergencies.
• Cancel your account and open a new one.
• Review your billing statements carefully after the loss:
  • If they show any unauthorized charges, it's best to send a letter to the card issuer describing each questionable charge.
• Credit card loss or fraudulent charges:
  • Your maximum liability under federal law for unauthorized use of your credit card is $50
  • If the loss involves your credit card number, but not the card itself, you have no liability for unauthorized use.
• Report the theft of this information to the financial institution as quickly as possible.

Some phishing attacks use viruses and/or Trojans to install programs called 'key loggers' on your computer. These programs capture and send out any information that you type to the phisher, including credit card numbers, user names, passwords, Social Security Numbers, etc. In this case, you should:

• Install and/or update anti-virus and personal firewall software.
• Update all virus definitions and run a full scan.
• Confirm every connection your firewall allows.
• If your system appears to have been compromised, fix it and then change your password again, since you may well have transmitted the new one to the hacker.
• Check your other accounts! The hackers may have helped themselves to many different accounts: e-bay account, PayPal, your e-mail ISP, on-line financial institution accounts, on-line trading accounts, e-commerce accounts, and everything else for which you use an on-line password.

Identity theft occurs when someone uses your personal information such as your name, Social Security Number, credit card number or other identifying information, without your permission to commit fraud or other crimes. If you have given out this kind of information to a phisher, you should do the following:

• Report the theft to the three major credit reporting agencies, Experian, Equifax and TransUnion Corporation, and to the following:
  • Request that they place a fraud alert and victim's statement in your file.
• Request a FREE copy of your credit report to check whether any accounts were opened without your consent. You can find information about obtaining free credit reports on the Federal Trade Commission's web site at: http://www.ftc.gov/bcp/conline/edcams/freereports/index.html.
• Request that the agencies remove inquiries and/or fraudulent accounts stemming from the theft.
• Major Credit Bureaus:
  • Equifax - www.equifax.com:
• To order your report, call 800-685-1111 or write: P.O. Box 740241, Atlanta GA 30374-0241.
• To report fraud, call: 800-525-6285 and write: P.O. Box 740241, Atlanta, GA 30374-0241.
• Hearing impaired call 1-800-255-0056 and ask the operator to call the Auto Disclosure Line at 800-685-1111 to request a copy of your report.
  • Experian -www.experian.com:
• To order your report, call: 888-EXPERIAN (397-3742) or write: P.O. Box 2002, Allen, TX 75013.
• To report fraud, call: 888-EXPERIAN (397-3742) and write: P.O. Box 9530, Allen TX 75013 TDD: 1-800-972-0322.
  • Trans Union - www.transunion.com:
• To order your report, call: 800-888-4213 or write: P.O. Box 1000, Chester, PA 19022.
• To report fraud, call: 800-680-7289 and write: Fraud Victim Assistance Division, P.O. Box 6790, Fullerton, CA 92634 TDD: 1-877-553-7803.
• Notify your financial institution(s) and ask them to flag your account and contact you regarding any unusual activity or follow whatever safety instructions they recommend:
  • If bank accounts were set up without your consent, close them.
  • If your ATM card was stolen, get a new card, account number and PIN.
• Contact your local police department and file a criminal report.
• Contact the Social Security Administration's Fraud Hotrline to report the unauthorized use of your personal identification information.
• Notify the Department of Motor Vehicles of your identity theft:
  • Check to see whether an unauthorized license number has been issued in your name.
• Notify the passport office to be watch out for anyone ordering a passport in your name.
• File a complaint with the Federal Trade Commission:
  • Ask for a free copy of "ID Theft: When Bad Things Happen In Your Good Name", a guide that will help you guard against and recover from your theft.
• File a complaint with the Internet Fraud Complaint Center (IFCC)
• The Internet Fraud Complaint Center is a partnership between the Federal Bureau of Investigation (FBI) and the National White Collar Crime Center (NW3C), with a mission to address fraud committed over the Internet.
• For victims of Internet fraud, IFCC provides a convenient and easy-to-use reporting mechanism that alerts authorities of a suspected criminal or civilian violation.