Money A former conman explains the 3-step process he uses to protect himself against identity theft

04:20  11 september  2017
04:20  11 september  2017 Source:   Business Insider

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× A former con man explains the 3 - step process he uses to protect himself against identity theft . To protect himself against modern-day fraudsters, Abagnale uses a three - step process

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On Thursday, a massive data breach at credit bureau Equifax compromised the personal information of as many as 143 million people.

Frank Abagnale probably isn't surprised.

You may recognize his name from the 2002 movie "Catch Me If You Can," starring Leonardo DiCaprio as the con man who convinces the world he's everything from an airline pilot to a lawyer to a doctor.

Abagnale isn't a fictional character. The movie is based on a portion of his life, before he was arrested at 21.

Today the 69-year-old former con man works as a fraud expert for the FBI and serves as an ambassador for the AARP Fraud Watch Network to raise awareness and prevention of cybercrime.

JAY-Z's mum opens up about coming out

  JAY-Z's mum opens up about coming out JAY-Z's mum Gloria Carter agreed to appear on her son's 4:44 album because she was tired of all the "mystery" surrounding her sexual orientation. Her decision to tell the rapper she was gay inspired the song Smile on his new hit album. It includes the lyrics: "Mama had four kids, but she's a lesbian/Had to pretend so long that she's a thespian/Had to hide in the closet, so she medicate/Society shame and the pain was too much to take." The track also includes Gloria reading a poem which features the lines: "Living in the shadow/Can you imagine what kind of life it is to live?/In the shadows people see you as happy and free/Because that's what you want them to see." Now, in a new interview on the D'USSE Friday podcast, Gloria finally shares her own story about coming to terms with her sexual identity and sharing it with her son. "I just finally started telling Jay who I was," she explains. "Besides your mother, this is the person that I am. This is the life that I live." She also admits that her revelation made her son so emotional that he "started actually tearing", adding, "He's like, 'That had to be a horrible life, ma'. I was like, 'My life was never horrible. It was just different'.

And, he told AARP's Hugh Delehanty last year, identity theft is "amazingly simple to do." To protect himself against modern-day fraudsters, Abagnale uses a three - step process : 1. He shreds everything with a micro-cut shredder, "even if it's worthless."

And, he tells AARP's Hugh Delehanty, identity theft is "amazingly simple to do." To protect himself against modern-day fraudsters, Abagnale uses a three - step process

And, he told AARP's Hugh Delehanty last year, identity theft is "amazingly simple to do."

To protect himself against modern-day fraudsters, Abagnale uses a three-step process:

1. He shreds everything with a micro-cut shredder, "even if it's worthless."

2. He uses a service to monitor activity at the three US credit bureaus and notify him when anyone tries to use his credit. (He doesn't specify which one, but each of the bureaus — Experian, TransUnion, and Equifax — offer it for a fee, and companies like IdentityGuard, IdentityForce, and Lifelock also provide this service.)

3. He rarely writes checks, which are easy to duplicate and steal.

Additionally, Abagnale told AARP that he stays away from debit cards, using credit cards exclusively:

Equifax data breach may affect nearly half the US population

  Equifax data breach may affect nearly half the US population Hackers steal sensitive personal information on up to 143 million people from the credit reporting firm.Equifax, a prominent credit reporting firm, said Thursday that it was hacked from mid-May to July, with thieves stealing names, Social Security numbers, birthdates and addresses from its customers.

And, he tells AARP's Hugh Delehanty, identity theft is "amazingly simple to do." To protect himself against modern-day fraudsters, Abagnale uses a three - step process

A former con man explains the 3 - step process he uses to protect himself against identity theft .

"I don't have one. I use only credit cards, because if somebody gets my card number and charges $1 million, my liability — by federal law — is zero. But when you use a debit card, you're exposing the money in your account. And even if you use your debit card every day for the next 25 years, it won't raise your credit score one point."


Data breach may have hit 400,000 UK people, says Equifax .
The data includes names, dates of birth, email addresses and telephone numbers, but does not contain postal addresses, passwords or financial information. We’re committed to updating consumers on steps taken to provide the support needed and address issues they face around this incident. (1/2)— Equifax Inc. (@Equifax) September 11, 2017Atlanta-based Equifax discovered the hack in July, but only informed consumers last week.In an effort to provide reassurance, the firm said it was unlikely that people would be hit by “identity takeover”.

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