New York SBDC Research Network

News about data breaches at banks, stores, and agencies is an everyday occurrence now. But if your private information has been compromised, it doesn’t feel commonplace to you. The sooner you find out, and begin damage control, the better off you’ll be.   IdentityTheft.gov , a new website, offers step-by-step checklists of what to do right away, and what to do next, depending on the information that’s been stolen or exposed. It lists  warning signs  indicating your identity was stolen, and gives websites and phone numbers for organizations you’ll need to reach. And, it has sample letters for disputing fraudulent charges, correcting information in your credit reports, and getting business records relating to the theft.

The New York State Department of Taxation and Finance has`announced that it published a new Web page regarding identity theft. The new Web page spells out what to do next if you think you may be the victim of identity theft. It also provides several links to information, such as the Internal Revenue Service's (IRS) Taxpayer Guide to Identity Theft, that help taxpayers make identity protection part of their regular routine. Identity theft is one of the fastest growing economic crimes in the nation, but taxpayers often don't realize their information has been stolen until they receive an unexpected notice about their tax account from the Tax Department or the IRS. Once identity theft is reported to the Tax Department, the agency can correct an account by removing any fraudulent returns from the record, and it can cancel bills issued that are related to the fraud. To head-off any additional suspicious activity, the Department will devote extra attention to future return...

I read this article yesterday (ironically, while waiting for my PC to re-boot). It discussed findings presented at a conference here in Albany on Wednesday afternoon concerning the ongoing battle against identity theft & cybercrime. To me, its most compelling part focused on the software used by a UAlbany professor to "lift" credit card numbers from the RFID chips on "swipeless" credit cards - software that can be purchased relatively cheaply. The article also mentions that American Express & other credit card companies are aware of this situation, and often code "alias" numbers that are different from those imprinted on the card itself. The game - which isn't much of a game if you've had your numbers stolen - continues.

This is a 92-page PDF file recently released by the Federal Trade Commission. It provides all kinds of data for 2007, summarizing the 800,000+ complaints of consumer fraud and identity theft received by the FTC's complaint database (known as the "Consumer Sentinel"). I've often wondered what the Consumer Sentinel contains regarding specific companies. This database exists as a tool available only to law enforcement agencies across the U.S., for use in any investigations that they might be undertaking. Up until page 20, data is presented on a national level for a variety of categories (e.g., "Number of Internet-Related Fraud Complaints," "How Identity Theft Victims' Information Is Misused," etc.). The rest of the report focuses on complaint data broken down by state (New York is on page 53). I've blogged about this before, and, unfortunately, I'll feel compelled to blog about next year, too. Be careful out there.