Identity Theft

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    ·         Identity theft is one of the fastest growing crimes in Malaysia. Credit card numbers, NRIC numbers, date of birth, and other personal identification can net criminals thousands of Ringgit in a very short time. Most often, an identity thief can  get  your personal identification numbers from the trash and obtain credit in your name by having credit cards, goods or services delivered to their address or mail drop. Since the bills for the charges incurred with be sent to the thief's address, not yours, you will be unaware that debt is mounting up in your name until the collections department tracks you down. By then your credit report will already be riddled with late payment histories and show many accounts in collections. As you can imagine, the credit reporting bureaus will be reluctant to change negative credit without proof that you had not created the bad credit. 

    
    

    
    

    
    

    

            

    ·         by flowing below point you can prevent such a these crime:

    
    

    Run a credit report on yourself to see if there are any unknown credit inquiries or unauthorised accounts.

      Limit the number of credit cards you have to reduce exposure, and cancel any inactive accounts.

    • Destroy all cheques immediately when you close a current account. Destroy or keep in a secure place, any courtesy cheques that your bank or credit card company may mail to you.
    • Memorise your passwords and personal identification numbers (PIN).
    • Do not give out your PIN or write them on your credit cards or ATM cards.
    • Keep a list of, or photocopy all credit and identification cards you carry with you, including front and back, so that you can quickly call the issuers to inform them about missing or stolen cards.