1. Identity Theft & Identity Fraud
Mark Cadman, Managing Partner, Broker

2. What is Identity Theft & Identity Fraud?
It is:
• A form of stealing
• Someone pretends to be someone else
• The phrase was coined in 1964
• Not really Identity Theft, it’s impersonation
• Can be used against the living or deceased
• 2009 reported 11,095 Canadian victims
• Credit bureaus receive over 1,800 reports per month
Mark Cadman, Managing Partner & Broker

3. How do thieves get your information?
• Steal your mail
• Dumpster diving
• Internet
• Skimming: obtaining credit card information at the point of
sale. Usually dishonest employees.
• Phishing: fraudulent internet sites - they look like familiar
sites, however, they will attempt to obtain personal
information
• Use the camera in a cell phone to photograph
someone’s credit card or ATM card while he or
she is using an ATM machine or buying something in a store
Mark Cadman, Managing Partner & Broker

4. Popular Scam “Bustout”
• Thieves either steal or buy your information
• Break into the bank’s system
• Watch your account
• When you purchase an airline ticket or book a vacation they
will drain your account while you are in transit.
Mark Cadman, Managing Partner & Broker

5. What Do They Want ?
• Full name
• Date of birth
• SIN numbers
• Address
• Mother’s maiden name
• Username and password
• Driver’s license number
• PIN numbers
Mark Cadman, Managing Partner & Broker

6. What Do They Want?
• Credit card information
• Bank account numbers
• Signatures
• Passport number
Mark Cadman, Managing Partner & Broker

7. What can the thief steal?
• Access to your bank accounts
• Open new bank accounts
• Transfer bank balances
• Apply for loans, credit cards and other services
• Make purchases
• Hide criminal activities
• Obtain a passport or receive government benefits
• Fund terrorist activities
Mark Cadman, Managing Partner & Broker

8. How do you know if your identity
has been stolen?
• Check your bank and credit card account frequently - either
paper or online
• Check your credit report regularly
• Calls from collection agencies
• Applied for a credit card and were turned down
Mark Cadman, Managing Partner & Broker

9. What Can You Do?
• Do not share personal information with people or
organizations you do not know
• Do not carry personal documents you do not need
• Check credit card statements
• Check bank accounts
• Check with credit bureaus
Mark Cadman, Managing Partner & Broker

10. What Can You Do?
• Swipe your credit card yourself or never lose site of it
• Shield your PIN at ATM’s
• Memorize PIN numbers, never write them down
• Know the billing cycles of your credit cards and debit cards
• Shred your personal information
• Report to credit agency to be added to their fraud list
Mark Cadman, Managing Partner & Broker