What is identity theft?
The RCMP refers to identity theft as, “the preparatory stage of acquiring and collecting someone else’s personal information for criminal purposes”. It is illegal to possess another person’s identity information for criminal purposes.
Identity Theft Video
What is an identity thief looking for?
According to the RCMP identity thieves are typically looking for the following information:
Criminals then will try to use your stolen information to access your bank accounts, apply for new loans, mortgages and/or credit cards as well as use your identity for other criminal activities.
How to find out if your identity was stolen
It is recommended that you keep up to date on your credit bureau by checking your own credit at least once a year. You can learn more how to do this here.
What steps can be taken to prevent identity theft?
The RCMP offer the following tips in preventing identity theft:
How are you protecting my personal information?
As a licensed mortgage professional I take protecting clients personal information very seriously. In British Columbia all mortgage brokers and sub mortgage brokers must take steps to ensure that client information is kept safe from access by persons who are not authorized by the client to have access to their personal information. The Financial Institutions Commission (FICOM) mandates that as mortgage brokers and sub mortgage brokers we keep for seven years, all records relating to each mortgage transaction or potential mortgage transaction in which the mortgage broker is involved.
Client personal information is protected in the following ways:
How to report identity theft
If you suspect you have been a victim of identity theft contact your local RCMP or Police department. You should also contact the two Canadian credit bureaus and have a fraud alert placed on your credit bureau.
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