Zach Werner Dr. John Nelson English 201 17 November 2017 How Can Corporate America Better Protect Personal Identity Information? There are a lot of fears in the world. Some fear dying and public speaking, but several people fear being a victim of identity theft. Identity theft or also known as identity fraud is a cyber-crime in which a person’s social identity or a business identity is compromised or leaked in various ways and result in devastating consequences. These consequences can ultimately destroy the personal identity or business (cited in Carbajo). Around the United States, numerous consumers and business owners are losing substantial amounts of money due to identity theft. There have been several organizations that been targeted such …show more content…
In a 2006 Federal Trade Commission survey, over 50% of victims of identity theft lost 1,000 dollars or more to attackers stated by Glotfelty, a cyber threat analyst who works to examine organizations on potential internal and open-source threats (cited in Glotfelty). In an article published by USAGov, identity theft can be unnoticed for days or even weeks (“Identity Theft”). Also, victims of identity theft not only lost money but lost countless hours trying to resolve the issue. For example, in another Federal Trade Commission survey, 60% of victims spent over 10 plus hours and half of that number lost 40 or more hours trying to resolve the issue of identity theft (cited in Glotfelty). Identity theft can also make victims lose their wages and have legal fees. At worse scenarios, attackers can ultimately open a new credit card account using your name and social security number. This is significant because they can use this credit card to buy merchandise without paying the bills and as a result, these actions are reported on your credit report. Another incident an attacker can do is open a new bank account in your name and write bad checks affecting your credit report. Other bad scenarios are that an attacker can take out loans and buy cars, houses, or other expensive merchandise (cited in Tiller). In one situation, Lara Love and David Jackson were a couple who lived in a quiet neighborhood and lived a simple life. However, what next door neighbors didn’t know was that they allegedly obtained 30 personal identity accounts in which they used new credit cards for online gambling (cited in Kiesbye). Before these two thieves were eventually caught, they acquired more than 15,000 dollars in which they used on illegal drugs and daily bills (cited in Kiesbye). However, businesses suffer greatly to identity theft. Businesses result in similar consequences, but at a greater cost. For
There are multiple crime television shows that are based on a true story or fiction. A well known television show is Law and Order Special Victims Unit, which deals with rape and assault cases. This particular episode deals with a domestic violence case between a retired football star, AJ Martin, and his girlfriend, Paula Bryant. I will be using the National Crime Victimization Survey, which is an interview with the members in a household about reported and unreported crime that occurred within the last six months. “NVCS provides information of characteristics of victims, including age, race, ethnicity, gender, marital status and household income” (Truman and Morgan). Official statistics like the NCVS would be used for comparing its demographics
Identity theft is one of the most well known fraud and many people try to prevent it while fraudsters are looking for new ways to obtain it. The higher risk groups are college students and children. The main goal is to keep watch over your finances, credit score, bills, and passwords. Never let anyone know too much of your personal things. Families are usually scammed by other family members because they know where everything in that household is. You have to watch who you trust and it is sad. Not a day goes by when someone’s identity isn’t stolen. You can’t prevent all frauds but you can try your best to. Learn the warning signs to different types of fraud and find out solutions to keep yourself, your business, and your family financially, emotionally, and physically safe.
Identity theft is a term used for describing criminal that uses individual’s identity without consent. A common crime of identity theft would be identity fraud. Many of the crimes are regularly connected with money-related issues (Reyns, 2013). With technology being commonly used nowadays we are getting more dependent on it for business, financial, medical, and other forms. As a result this became a target for identity thieves as well. The Internet provides us information and accessibility, but information being stored on the Internet eas...
Javelin Strategy & Research released an identity fraud study in 2017. It found that $16 billion was stolen from 15.4 million U.S. consumers in the 2016 year. This compares to $15.3 billion and 13.1 million victims a year prior. Over the last six years over $107 billion has been stolen by identity fraud. So what is identity theft and how can you prevent yourself from falling prey to this growing crime?
Each year around 15 million United States residents are affected by Identity Theft. This causes financial losses of around $50 billion per year. The average amount of money stolen per victim is $4950! That is a lot of money that is just taken from people with little things they can do to affect their identity from being stolen. The most common age group for Identity Theft is 18-24. The 18-24 age groups hold over 20% of all Identities stolen. Did you know that around 6% of adults are affected by Identity Theft? People who steal other peoples Identities are just really rude. Most people work very hard to earn their money and when it gets stolen from them it is just wrong. According to statistic brain the Identity Theft fraud rate is growing very slowly each year, but it needs to be stopped completely.
21. What are the ramifications of identity theft? What are some forms of legislation that are being discussed in terms of deterring this form of theft? (388 – 389 / R14 – R15) Thesis Statement: Identity theft is a visibly large crime; someone quietly steals your identity and uses it for financial gain. At first , many victims suffer from emotional effects as victims of violent crimes, ranging from anxiety all the way to volatility.
Identity theft is an increasing epidemic. Some of the ways a person can commit identity
The author answers many difficult questions that a person may have while learning about this issue. She warns her audience about the time consuming recovery process, saying how there are, “400 steps you have to do,” and goes on to say, “You’re just on your own.” It is hard for many victims to get the help they desperately need, since law enforcement simply does not have the time to investigate all of the numerous identity theft cases. Shin provides great advice for people who suspect they are dealing with an identity theft criminal and says to, “Take meticulous notes: the date, who you talked to, what they said. I can’t tell you how many times I’ve had to refer back to my notes.” She explains how taking notes can help the victim take control of the situation and stay ahead of the criminal. Although it may seem like the world is coming to an end, Shin explains how it only takes one mistake for the criminal to blow their whole cover. She says, ”And when she signed up for a utility or phone, she used her name. Since it was linked to my Social Security Number, it updated it with fraudulent information.” Although these life ruining people are criminals, they are still just normal people who make mistakes and will end up being
Identity theft is a crime in which an imposter obtains key pieces of personal information, such as Social Security or driver 's license numbers, in order to impersonate someone else. It the fraudulent acquisition and use of a person 's private identifying information, usually for financial gain. One’s privacy would be intruded when his identity is been stolen. Identity theft is sometimes confused with other crimes that lead to identity theft. For example, when a thief copies your credit card information just to steal your money, that is not identity theft, it is a financial crime. A good example of identity theft is when someone steal or forge your identity card or social security card/number for the purpose of pretending to be you that and/or for financial purpose. Many people’s Facebook page have been hacked just because the hacker wants to pretend to be the real account owner. After succeeding in hacking into the Facebook page, the hacker can chat with the real account owner’s
According to the Federal Trade Commission, identity theft was involved in more than 40 percent of the consumer complaints it received last year. This was double the amount from the previous year of 2000. Social security fraud has gone up over the past four years more than 500 percent. This is an astounding number too consider and critics have complained that perpetrators are still treated with more leniency than your common white-collar criminal. Also hard to consider is the fact that one third of those who have been convicted of the crime ...
Identity theft has become the number one profit crime in the United States. As detective Kaminski said, “It is more efficient to commit identity fraud than to rob a bank because the odds of being caught are less likely.” If a business suspects their company 's identities being stolen they should inform the proper authorities who deal with this rapid growing problem. Not trying to stop the issue will cause greater stress in the future and possibly jeopardize the whole business. It can take years to return back to a stable state after having your identity stolen. If a thief is caught stealing identity, they can be fined up to one thousand to one hundred thousand dollars. Depending on the seriousness of the crime, the person can end up in prison for years. To avoid the troubles of identity theft, it is important to be educated on the precautions of the issue. Businesses and individuals must take the initiative to secure their personal information and identity to be able to lower the rate of identity
Moore, T., & Clayton, R. (2011). The Impact of Public Information on Phishing Attack and
What is Theft? What happens if I’m charged with Theft? Are there Different Types of Theft?
Identity theft is a non ethical criminal offence. It is when someone gathers someone’s personal information and uses it against them. Fraudsters usually get a hold of personal information using three methods: information given away, offline methods and online methods. People commit this crime for many different reasons, but they all have one common goal of using some else’s identity to their advantage. There are many different type of identity thefts, which are categorized on what the criminal is using the identity for. Having said all of this, identity is a crime that can cause a lot of finical and reputation damage to the victim and that is why it is important to prevent it. Identity theft can be prevented if everybody knows exactly what it is and what they can do to keep their identity safe.
America,” (Weidenfeld 1). Being the number one crime, identity theft is very dangerous. If your