Identity Theft is a vast problem that grows with the years and the tough economic times. Identity theft affects nearly 5% of the world’s adult population. In 26 % of all cases, the fraud victim knew the person who stole their identity, and most often it is a family member who rips you off. The best way to protect yourself is to buy and use a paper shredder and a safe. Also the only organization you are legally required to give your Social Security Number is your employer and financial institutions, like a bank. The economic effect of identity theft is more than what people may think. Check fraud alone rose to 5.5 billion dollars in 2003. Because that money was taken from others instead of made legally, the economy shows a loss. The annual cost of identity theft to businesses is 53 billion dollars because if somebody gets the I.D of a business owner then they can funnel money out of that person’s business as well as their personal bank accounts. The American Bankers Association reported 677 million dollars of losses in 2003, which is a slight decline from 2001. Being that the article is a few years old, I would say that those numbers have gone way up since then. If somebody steals your identity, it could affect you in countless ways. All of a sudden your credit card will start being declined for insufficient funds. When you go home and check your bank account online, your money will have magically disappeared. A person could also open many credit cards in…
AMERICAN INTERCONTINENTAL UNIVERSITY
CONSTITUTIONAL ISSUES IN CRIMINAL JUSTICE
BY MICHELLE SUMMERS
SEPTEMBER 28, 2014
Identity theft is when a person steals another person’s identity for whatever purpose. It is considered theft and fraud. The damages don’t have to be monetary. Even if they don’t go after your money they can steal your identity to commit a crime, get a fake identification, or to retain credit.
Even if they don’t get to your money, just by stealing…
Online Identity Theft
Many people associate identity theft with having a wallet or purse stolen. But did you know that a compromised computer is fast becoming the most likely way that your identity can be stolen? And that spyware is often at the root of this malicious activity?
Here’s how they do it:
Spyware travels over the Internet and infects your computer.
You can encounter spyware and other forms of identity theft in many ways, including:
Downloading files or software
Opening email attachments…
April 11, 2014
Could you be a victim?
How often do you think about identity theft? Do you think about it all the time when you are on the internet? Because majority of people love shopping online, you save time, not exactly money, but who cares when it comes to the holiday times, at least you won’t have to fight for a parking spot in the hectic malls. In today’s hectic world and “lazy” world people love just sitting at home and not wanting to go out. We all are on the computer…
Data and Identity Theft
Data and Identity Theft
Brian wakes up one morning responds to a few tweets/Facebook messages and takes a shower then goes to make some breakfast. After he finishes eating he checks his email and responds to a few more Facebook posts. As Brian goes through his daily routine he begins to notice more and more spam mail in his spam folder that seem to have an uncanny amount of information about him but he just shrugs it off and…
By Jennifer Cayce
Americans need to understand why it is important not to be a victim of identity theft and learn tactics to avoid their identity being stolen, while holding companies liable if these fraudulent actions occur.
Many people are affected by identity theft every day in the United States. The average person that is more likely to have their identity or personal information stolen is someone with a good credit history and a good income. Thieves can range from cleaning…
Careless social media use may risk in Identity fraud
Whether we like it or not, the Internet, social media, and all of the related technology are here to stay. As evidenced every day in so many ways, this new technological landscape brings many wonderful benefits to our family's lives and relationships. At the same time, as with any new innovation, this impact has a dark side too.
There's no doubt that Facebook is one of the most powerful forms of media for communication today. More than a…
According to the article, “Online privacy fears are real”, written by Bob Sullivan, we are not safe on internet. Credit card numbers are sold online for $ 1.00 a piece; our identities are sold and traded like options on Chicago Board of Trade. Many companies are interested on the personal data provided by consumers, sometimes without knowing that your information has been shared. Many companies use this data to analyze what are the customer’s preferences, then they can advertize…
Identity theft is a growing problem in not just America but in the world. There are many ways that one can steal someone’s identity. Some ways include: phishing, credit card fraud, libraries, and Wifi networks. Though this problem isn’t completely avoidable there are many things that you can do to protect yourself from these thieves.
There are many organizations that have ahold of financial information for millions of people. These organizations are prime…
In today's society, there is a white-collar crime that has greatly risen in popularity among criminals. This crime is identity theft. Hundreds of thousands of people have their identities stolen each year. Identity theft is when these criminals obtain and use consumers personal information such as credit card numbers, bank account numbers, insurance information, and social security numbers to purchase goods or services fraudulently. According to the Federal Trade Commission…