Recovery from Identity Theft


My own experience with identity theft is nearly over now, but I’ve learned a few things during this experience.  First, its important to keep a close eye on your bank accounts, watching daily activity and looking for unrecognized charges.  In my case I found that the person using my card had my physical card info including the 3 digit number on the back.  So someone either had physical access to my card, or one of the few only vendors that I deal with that actually asks for the 3 digit code had some kind of security breach that they haven’t alerted me to yet.  So keeping an eye on your accounts is really a key element to protecting yourself and putting a stop to things before it gets out of hand. 

Fortunately we use online banking and have for years now, which is not only convenient but normally allows you to setup e-mail alerts and notifications for various levels of monitoring.  We first found that something was wrong by monitoring our checking account and saw some unrecognized charges.  Someone was buying website memberships and hosting services.  They racked up about $200 worth of charges on my account, but I cought it fast and was able to get all the charges refunded by the charging merchants. 

I was not happy with the way my current bank handled the whole situation.  They made me call the merchants and deal with the process of removing the fradulant charges on my own.  Any other bank when you report fraud they would be all over it, and I probably wouldn’t have had to do a thing.  So we now have a new bank and are in the process of switching everything over. 

I checked my credit report and everything looks fine, so far no one has used my information to get a loan or do anything else bad to my credit. 

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About Joe

I am the author of this blog, IT engineer, husband, father, and somewhat of a nerd.

Posted on November 20, 2007, in Money-Financial and tagged , , , , , , , , , , , , , . Bookmark the permalink. Comments Off on Recovery from Identity Theft.

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