Identity Theft

Nearly one American every minute becomes a victim of identity theft.  Identity theft involves criminals stealing a person’s personal information.  The thief assumes a person’s identity, applies for credit in his or her name, runs up huge bills, and generally wrecks the victim’s credit record. 

PremierBank puts a combination of safeguards in place to protect customers, including employee training, rigorous security standards, data encryption and fraud detection.  You can take these steps to avoid becoming the next victim.

Manage Your Mailbox

  • Do not leave bill payment envelopes clipped to your mailbox or inside with the flag up; criminals may steal your mail and change your address. 
  • Know your billing cycles and watch for any missing mail.  Follow up with creditors if bills or new cards do not arrive on time.  An identity thief may have filed a change of address request in your name with the creditor or the post office.
  • Carefully review your monthly accounts, credit card statements and utility bills (including cellular telephone bills) for unauthorized charges as soon as you receive them.  If you suspect unauthorized use, contact the provider’s customer service and fraud departments immediately.
  • When you order new checks, ask then you can expect delivery.  If your mailbox is not secure, ask to pick up the checks at the bank instead of having them delivered to your home.

Check Your Purse or Wallet

  • Never leave your purse or wallet unattended – even for a minute.
  • Protect your PINs and passwords (don’t carry them in your wallet!); use a 10-digit combination of letters and numbers for your passwords, and change them periodically.
  • Carry only personal identification and credit cards you actually need in your purse or wallet.  If your ID or credit cards are lost or stolen notify the creditors immediately, and ask the credit bureaus to place a “fraud alert” in your file.
  • Keep a list of all your credit cards and bank accounts along with their account numbers, expiration dates and credit limits, as well as the telephone numbers of customer service and fraud departments.  Store this information in a safe place.

Keep Your Personal Numbers Safe and Secure

  • When creating passwords and PINs (personal identification numbers) do not use any part of your Social Security number, birth date, middle name, wife’s name, child’s name, pet’s name, mother’s maiden name, address, consecutive numbers, or anything that a thief could easily deduce or discover.
  • Shield the keypad when using ATMs or Point of Sale machines.
  • Memorize your passwords and PINs; never keep them in your wallet, purse, or electronic organizer.
  • Get your Social Security number out of circulation and release it only when necessary – for example, on tax forms and employment records, or for banking, stock and property transactions.
  • Do not have your Social Security number printed on your checks, and do not allow merchants to write your Social Security number on your checks.  If a business requests your Social Security number, ask to use an alternate number.
  • Never give your Social Security number, account numbers or personal credit information to anyone who calls you.

Bank, Shop and Spend Wisely

  • Store personal information in a safe place and shred or tear up documents you don’t need.  Destroy charge receipts, copies of credit applications, insurance forms, bank checks and statements, expired charge cards and credit offers you get in the mail before you put them out in the trash.
  • Cancel your unused credit cards so that their account numbers will not appear on your credit report.
  • When you fill out a loan or credit application, be sure that the business either shreds these applications or stores them in locked files.
  • When possible, watch your credit cards as the merchant completes the transaction.
  • Sign your credit cards immediately upon receipt.
  • Carefully consider what information you want placed in the residence telephone book and ask yourself what it reveals about you.
  • Keep track of credit card, debit card and ATM receipts.  Never throw them in a public trash container.  Tear them up or shred them at home when you no longer need them.
  • Choose to do business with companies you know are reputable, particularly online.
  • When conducting business online, use a secure browser that encrypts or scrambles purchase information and make sure your browser’s padlock or key icon is active.
  • Don’t open email from unknown sources.  Use virus detection software.

Review Your Information

  • Order a copy of your credit report from one of the three credit reporting agencies every year and make sure all the information is correct, especially your name, address, and Social Security number.  Look for indications of fraud, such as unauthorized applications, unfamiliar credit accounts, credit inquiries and defaults and delinquencies that you did not cause.  Call any of the three national credit reporting agencies: 
    • Trans Union (800) 888-4213
    • Experian (888) 397-3742
    • Equifax (800) 685-1111
  • Check your Social Security Earnings and Benefits statement once each year to make sure that no one else in using your Social Security number for employment.

Steps To Take If You Are a Victim

If you suspect misuse of your personal information to commit fraud, take action immediately.  Keep a record of all conversations and correspondence when you take the following suggested steps:

  • Contact your bank and credit card issuers immediately so that the following can be done: 
    • Access to your accounts can be protected;
    • Stop payments on missing checks;
    • Personal identification numbers (PINs) and online banking passwords changed;
    • And a new account opened, if appropriate.
  • Be sure to indicate to the bank or card issuer all of the accounts and/or cards potentially impacted including ATM cards, check/debit cards, and credit cards.  Customer service or fraud prevention telephone numbers can generally be found on your monthly statements.  Contact the major check verification companies to request they notify retailers using their databases not to accept these stolen checks, or ask your bank to notify the check verification service with which it does business.  Three of the check verification companies that accept reports of check fraud directly from consumers are:
    • Telecheck (800) 710-9898
    • International Check Services (800) 631-9656
    • Equifax (800) 437-5120
  • File a police report with your local police department.  Obtain a police report number with the date, time, police department, location and police officer taking the report.  The police report may initiate an investigation into the loss with the goal of identifying, arresting and prosecuting the offender and possibly recovering your lost items.  The police report will be helpful when clarifying to creditors that you are a victim of identity theft.
  • Contact the three major credit bureaus and request a copy of your credit report.  Review your reports to make sure additional fraudulent accounts have not been opened in your name or unauthorized changes made to your existing accounts.  Check the section of your report that lists “inquires”.  Request the “inquires” be removed from your report from the companies that opened the fraudulent accounts.  In a few months, order new copies of your reports to verify your corrections and changes to make sure no new fraudulent activity has occurred.  Request a “fraud alert” for your file and a victim’s statement asking creditors to call you before opening new accounts or changing your existing ones.  This can help prevent an identity thief from opening additional accounts in your name.  You may also contact the FTC’s ID Theft Consumer Response Center toll-free at 877-IDTHEFT.
    • Trans Union
      Order credit report:  (800) 888-4213     Report fraud:  800-680-7289
    • Experian 
      Order credit report:  (888) 397-3742     Report fraud:  888-397-3742
    • Equifax
      Order credit report:  (800) 685-1111     Report fraud:  800-525-6285
  • Check your mailbox for stolen mail.  Make sure no one has requested an unauthorized address change, title change, PIN change or ordered new cards or checks to be sent to another address.  If a thief has stolen your mail to get credit cards bank and credit card statements, pre-screened credit offers or tax information, or if an identity thief has falsified change-of-address forms, that’s a crime.  Contact your local post office and police.
  • Maintain a written chronology of what happened, what was lost and the steps you took to report the incident to the various agencies, banks and firms impacted.  Be sure to record the date, time, contact telephone numbers, person you talked to and any relevant report or reference number and instructions.