Financial Identity Theft is the act of one person posing as another individual for monetary gain.
A stolen identity can be used for opening credit or store card accounts, opening savings or checking [bank] accounts, securing loans, stealing tax refunds, obtaining employment, establishing residence and utilities, and accessing or changing additional personal accounts/information.
Identity theft can occur when a criminal gains access to personally sensitive, private information, including social security numbers, bank information and account number(s), credit card information and account numbers, etc.
Credit Cards & Checks
Keep an eye on your financial activity. If you suspect fraudulent charges, contact the financial institution that issued the account immediately!
Obtain and review your entire credit report at least annualy from each of the three main National Credit Reporting Bureaus. See Consumer Credit for more information.
1. If you suspect Identity Theft, contact your financial institutions immediately, including Luana Savings Bank, to help safeguard your existing accounts.
2. Contact any one of the three main National Credit Reporting Bureaus to place a fraud watch on your credit reports. This will help prevent a criminal from opening credit card, store card, other credit accounts, and loans in your name.
3. Contact local law enforcement and file a police report.
4. Contact the IRS to obtain a PIN for filing taxes so that your refund isn't stolen.
5. Visit https://identitytheft.gov. Here you'll find recovery plans with additional steps and also be able to report the crime federally.