Your identity is stolen: How to handle your identity crisis

Learn how to remedy situation should prevention fail

Published On: Sep 17 2013 10:42:27 AM CDT   Updated On: Sep 17 2013 10:46:47 AM CDT
Identity theft

By Robert Henderson, Special to THELAW.TV

As identity thieves continually develop new ways to invade personal lives, potential victims need to recognize signs of threats and know how to remedy a stolen identity situation. A 2013 Identity Fraud Report by Javelin Strategy & Research found 12.6 million people were victims of identity fraud in 2012 -- that's one victim every three seconds. While prevention is the first part of identity theft protection, sometimes you end up becoming the victim.

Your Identity's Been Stolen

The most common identity theft alert is receiving a call from your bank or credit card company stating suspicious transactions on your account have been recognized. The bank will want to verify what purchases you've made recently and may need to cancel your cards. If money was stolen from your account, it can take a couple weeks to get reimbursed. You'll also receive notification from companies that have had their security breached if you've done business with them. You'll want to make sure any business you conducted with the company was secure and none of you information was compromised. Alternatively, you may notice irregularities on your credit reports, or suspect data has been physically compromised.

Physically compromised data is if your wallet's been stolen or you notice mail has been taken from the mailbox. If you suspect you information has been physically compromised, you may want to cancel cards and alert your bank, even if you're unsure.

Now For Damage Control

Once you've cleaned up your identity theft disaster, prevent it from happening again with a 5-points protection plan, recommended by the LifeLock identity theft experts. By establishing a solid prevention plan, you can safeguard your confidential information with superior monitoring, scanning, threat response, service guarantees and credit score tracking.

The author, Robert Henderson, is a legal assistant in Plano, Texas.