Discover Ways To Protect

1

• Discover Ways To Protect
• Yourself From Identity
• Theft

2
Cost of Dishonesty 

• The average business loses 6 in revenues every
  year due to employee theft.
• Insider theft is growing at 15 a year.
• Employees steal more than 1 Billion a week from
  their employers.
• 1/3 of all employees steal from work
• Failure to protect sensitive data can lead to
  identity theft
• or other harm to consumers and also
• can harm your company.

3
Working Definition

• A person shall be guilty of theft if he
  dishonestly appropriates property belonging to
  another with the intention of permanently
  depriving the other of it.
• It is immaterial whether the appropriation is
  made with a view to gain, or is made for the
  thiefs own benefit.
• Taking, using, or keeping someone else's property
  without the person's consent.
• If you were to mistakenly keep something that
  belongs to someone else, this wouldn't be
  considered theft because you were unaware that
  you had the item that belonged to someone else.
• Identity Theft when an individuals personally
  identifying information is used without their
  permission to commit fraud (deception for gain or
  benefit) or other crimes

4
Identity Theft

• How careful am I with personal information?
• Do I give personal information on the phone or
  internet?
• Do I watch what information I put in my trash?
• Do I take unnecessary chances of losing my purse
  or wallet?
• Do I know how my bank/businesses use my
  information?

5
Common Misconceptions

• I dont have much moneyno one would want to
  steal my identity.
• If I share my personal info with my bank, no one
  else will get hold of it.
• If I lose my purse/wallet, all I have to do is
  cancel my credit cards and nothing else to worry
  about.
• As long as I know my password, no one can access
  my online accounts.
• Leaving my bills in my home mailbox is safe.

6
Types of I.D. Theft

• Social Security Numbers
• Credit Cards
• Internet Scams
• Check Fraud
• Cell Phone
• ATM Skimming
• Stolen Purse/wallet
• Phishing

7
Internet Scams/ Phishing

• Internet Scams
• No preview pane and File a consumer complaint.
• Contact police and notify bank or credit card
  company immediately if believed to be a victim
• Limit amount of personal information out there
• DO NOT complete Internet profiles for rebates
  and contests.
• Be cautious with online resume postings,
  e-mailing lists online purchases and other public
  data sources

• Phishing
• Con artist initiates contact with consumers under
  false pretences to gain access to their
  finances/personal information.
• Fraudulent e-mails most common may pose as bank,
  credit card company, government agency, stores,
  E-mails look like company website.
• Beware of someone who unexpectedly asks for
  personal information PIN, password, account
  number, credit card, Social Security Number.
• Beware of e-mail warning that your account will
  be shut down unless you reconfirm your
  financial information

8
Symptoms of Theft

• Increase in standard of living or
• charges in spending habits.
• objections to procedural change
• Unreasonable devotion to work

9
Why do Employee Steals?

• Resentment to real or imagined injustice.
• To augment poor salary
• For excitement (kleptomania).
• In time of crises.
• Psychological need (Dire needs, Greed, Hunger).
• Hereditary (inborn, excitement etc.)

10
Control Measures

• Sound and effective control of companys asset
  (Personal Accountability).
• Heightened morals of employee (commendation and
  rewards)
• Investigation of past employment records of a new
  employee.
• Adopting a system that can make stealing almost
  impossible (award system).
• Live within your income and be contented with it.
• Honesty of employee (moral justification).

11
Five Key Principles

• Take stock
• 2. Scale down
• 3. Lock it
• 4. Pitch it
• 5. Plan ahead

• Scale down Keep only what you need for your
  business and streamline storage.
• Collect only what you need and keep it only for
  the time you need it.
• Scale down what you store on devices connected to
  the Internet.
• Slip Showing? For receipts you give to customers,
  properly truncate credit card number and delete
  the expiration date.
• Social Security numbers can be used by identity
  thieves to commit fraud.
• Dont collect Social Security numbers out of
  habit or convenience.

• Take Stock Know what you have and who has access
  to it.
• Check files and computers for What information
  you have and Where its stored. Dont forget
  portable devices and offsite locations.
• Trace the flow of data from entry to disposal. At
  every stage, determine who has access and who
  should have access.

12
Five Key Principles cont'

• Lock it Protect the information you keep.
• Lock offices, store rooms, desks and drawers and
  train employees to keep them that way.
• Limit access to areas and databases with
  sensitive files.
• Secure data thats shipped or stored offsite.

• Plan ahead Create a plan to respond to security
  incidents and be ready to help consumers.
• Put together a What if? plan to detect and
  respond to a security incident.
• Designate a senior staff member to coordinate
  your response.
• Investigate right away and preserve evidence,
  such as computer logs.
• Take steps to close off vulnerabilities, e.g.,
  disconnect compromised computers from the
  Internet.
• Consider whom to notify if a breach occurs.
• If sensitive personal information is compromised,
  consumers may be at risk of identity theft.
• Plan to notify, as appropriate, law enforcement,
  other businesses and consumers.

• Pitch it Properly dispose of what you no longer
  need.
• Shred, burn, or pulverize paper records you dont
  need.
• Use wipe utility programs on computers and
  portable storage devices.

Thank you for coming