Identity Theft: What to Do When it Happens

Monday, August 22, 2016 2:38 pm, Posted by Absolute Destruction

Despite it being our mission to provide document destruction services to everyone in the GTA, we simply can’t help everyone. Misinformation is our biggest hurdle. People simply aren’t aware that they need to protect their personal information (PI) when they dispose of it. Without knowing any better, they can accidentally share private details by throwing out files and obsolete electronics. It doesn’t always result in identity theft or fraud. But all it takes is for the right person to find your information before you’re dealing with the personal and financial consequences of a breach of PI.

Until we get the word out to all of the GTA and change everyone’s disposal methods, identity theft will happen. When it does, it’s in your best interest to start the recovery process as soon as you’ve realized it’s happened. It’s more frustrating and time consuming than you’d think, which is why we’ve developed a convenient guide on what to do should you suspect your PI has been stolen.

Make a Report Your number one priority is to alert the authorities about the theft. This is an essential step should you ever need to prove to any financial institutions or creditors that a crime has been committed, so be sure to file a report right away. Once you’ve made your report, you can contact your bank and other financial organizations. Chances are your bank has already noticed unusual activity on your account, as they’ve created special algorithms to analyze your buying patterns. If they haven’t noticed any suspicious activity, you’ll want to clarify which purchases were made without your authorization. They’ll also be able to cancel any credit card accounts that have been compromised before flagging your account.

Notify the Government Once you’ve alerted the authorities and banks about the situation, you’ll have prevented any more additional charges from being made in your name; however, you shouldn’t stop there. If your Social Insurance Number (SIN) was involved in the breach, your name may be used to create fraudulent identities. It’s important that you get in touch with Service Canada to inform them of your stolen PI. They’ll be able to reissue both federal and provincial identification, like your Ontario Health Insurance Plan (OHIP) card and your SIN card. Often identity thieves will open up credit accounts under your name and have the cards sent to a new address. We suggest alerting Canada Post about your situation too and making a formal address update to ensure no mail is redirected inappropriately.

Speak with a Credit Bureau Your next step is to monitor your credit. You can work in conjunction with one of the country’s top crediting bureaus (such as Equifax, for example) to examine your ongoing credit activity. With their help, you’ll be able to see any additional fraudulent accounts open in your name that you weren’t aware of. We also recommend you apply a fraud warning on your account. This flag will stay on your account for six years, and it will warn lenders that your poor credit score is due to fraud.

It may take some time to get through this entire list. It may also take a lot of will power to work with the various organizations, creditors, and institutions necessary to flag, cancel, and monitor your accounts. Comparatively, the effort it takes to prevent identity theft is negligible. You only need to pick up the phone and speak with one of our representatives to schedule an appointment . Our mobile shredders will arrive at your house or place of business, where we’ll destroy your files and electronics using the latest NAID-approved techniques. Our shredders are equipped with sharp, complex blades that can completely demolish the paper and devices that hold your PI. Thieves wouldn’t be able to retrieve this information even if given the opportunity to go through this waste. Of course, they won’t because we immediately deliver these items to a secure recycling facility.

When you schedule our document destruction services, you remove the opportunity for thieves to come across and use your PI. So think about how you dispose of your paper and electronics. If they store confidential information like your contact details, account numbers, passwords, and other financial material, they can’t be thrown out with the rest of the trash. They need the guarantee of destruction that only we can provide.

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