Identity theft happens when your personal information is stolen. Perhaps the thief steals your bank card or credit card, or the thief obtains your social security number and date of birth to open credit card accounts, credit lines or file for an income tax refund. Even the most prudent person can fall victim to identity theft. Sometimes we will never know how or where the thief obtained the victim’s information. If you are a victim of identity theft you should take these three actions.
1. File a police report with your local police department. This is a critical step, as it will allow you to place a seven year security freeze on your credit report. This will also serve to protect you in the future, because it establishes a record of the identity theft.
2. Contact credit reporting agencies and financial institutions. This is also an important step, as this will alert the credit agencies and financial institutions that someone has stolen your identity. This should prevent the thief from opening additional credit lines and accounts in your name. The Massachusetts Attorney General’s Office has an excellent guide on identity theft. The guide includes detailed information on (a) how to put a security freeze on your credit report; (b) how to put a fraud alert on your credit file, (c) what to do if checks have been written in your name, and (d) when to contact other entities, such as the Social Security Administration and the U.S. Post Office. The guide also has a list of useful phone numbers and contact information.
3. Change passwords. Change all of your passwords, even for accounts that have not been compromised. Do not use the same password for all accounts, and do your best to change and update passwords regularly.
It is important to take identity theft seriously, and to know that anyone can fall victim. Act quickly to protect your credit and your good name.
Sara Goldman Curley is a partner in Nutter’s Private Client Department. Individuals and families rely on Sara to provide advice on a broad range of estate planning, estate administration, and trust administration matters.
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No two families are exactly alike, but all family members share common opportunities and challenges as they seek to take care of each other and leave a lasting legacy the next generation can build on. In this blog, the experienced attorneys in Nutter's Trusts and Estates and Nonprofit and Social Impact Advisors groups offer news and insights for individuals, couples and multi-generational families who are looking to convey wealth (and its responsibilities) to children and grandchildren, make a philanthropic impact in the community and prepare for the life events we all can face.