Essay On Identity Theft

4. Identity theft is financial crime when another person falsely poses as another to acquire money and/or the victim’s assets for their own gain. These people use other’s personal information, such as social security numbers, to open credit card accounts. A person is more vulnerable to identity theft when they leave their personal information in areas where other’s can easily access it. A person who keeps their social security number card in their wallet is also at an increased risk. This is because if the person’s wallet is stolen, or easily accessible, a person will have access to credit cards, ID cards, and a person’s social security card. All of factors consequently make it easier for an offender to take advantage of their victim’s identity. A person who does not shred their person information before throwing it in the garbage, are also at an increased risk of identity theft. Easily guessed usernames and passwords are also factors that allow an offender to easily target their victim. No family names, pets, or street names should be used. It is best to use a mixture of numbers and

Fraud is a financial crime that occurs when an offender wrongfully deceits another person with the intention of financial gain. More than 70% of the wealth in the United States is possessed by those who are over the age of 50 (Davis, Lurigio, and Herman, 173). This leaves fraud victims more likely to include those in the population who are disabled, or elderly. A person who is typically very naive and trusting can also be a likely victim of fraud. False websites, emails, and mail may be sent to potential victims in an attempt to receive any financial funds (Davis, Lurigio, and Herman, 187). This form of fraud is known as phishing. A person may receive a letter stating that they won a prize in a contest in which they did not participate in. A scammer may also use a person’s trusting nature to take advantage of them through false marketing schemes or ‘get rich quick’