Something New to Worry About: Loss-of-Identity Theft

The ever-wonderful RISKS Digest brings warnings of Loss of Identity Theft

I was recently the executor of a relative's estate and was shocked to discover that I was able to cancel his private health insurance, his veteran's health benefits, one dozen credit cards, and all of his retirement direct deposit payments with simple phone calls. At no time did anyone ask me to prove that I was who I said I was or whether I had executor power over his estate. I simply presented a plausible sounding story, knew his social security number and his account numbers and was able to close his accounts over the phone. To make it even more interesting our last names are not even the same!

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