tailieunhanh - IDENTITY THEFT AND YOU - HOW TO PREVENT AND FIGHT IDENTITY THEFT

To deal with this potential problem, the Securities and Exchange Commission created a new category—“nationally recognized statistical rating organization” (NRSRO)—and immediately grandfathered Moody’s, Standard & Poor’s, and Fitch into the category. The SEC declared that only the ratings of NRSROs were valid for the determination of the broker-dealers’ capital requirements. Other fifi nancial regulators soon adopted the NRSRO category and the rating agencies within it. In the early 1990s, the SEC again made use of the NRSROs’ ratings when it established safety requirements for the commercial paper (short-term debt) held by money market mutual funds | Identity Theft and You How to prevent and fight identity theft myFlCO Identity Theft and You How to prevent and fight identity theft Why should identity theft concern me The term identity theft has been used widely with different meanings. In this booklet we will define identity theft also referred to as ID theft as misuse of another individual s personal information for illicit financial or other gain. This definition is consistent with the approach used by the Federal Trade Commission s Identity Theft Survey This booklet will give you an easy-to-understand overview of identity theft as well as ways to prevent detect and resolve it. Why should identity theft concern me .3 How can I prevent identity theft .4 What s the best way to detect identity theft 6 How do identity thieves get my information 8 What the financial services industry is doing to protect your credit Case studies 10 What should I do if I become a victim of identity theft .14 Additional identity theft Identity theft can have a devastating impact on your life affecting far more than just your pocketbook. If you become a victim of identity theft you may face problems like these Money is fraudulently withdrawn from your bank accounts Your credit score is ruined at least for a while which can increase the interest rate you are charged on loans or credit cards You have difficulty opening bank accounts You receive annoying calls from collections agencies for expenses you didn t incur You could end up with a fraudulent criminal record How prevalent is ID theft It has been called the fastest growing white collar crime in America. Statistics vary widely on the impact of identity theft on American consumers In 2005 alone it is estimated that nearly 9 million American adults became victims of identity theft with a total cost of approximately 56 billion to industry and consumers combined1. The Federal Trade Commission estimates that by 2003 27 million Americans had already been .