Identity Fraud is a serious issue nowadays, and with all this new technology and electronic software it is becoming very easy to access your bank account, send and receive money, and even has pretty good security, but with all the security and protection the hackers are bypassing the systems and depositing a lot of time to withdraw all the innocent people’s hard earned money and steal all of it.
Many thieves taking money from people are against the law, and we need for the crime stoppers to start looking into these crimes and keep the hackers off the street, and we need to fight the criminals with more security and find out where your money is in every single situation at any given time. The quote “Each year, approximately 15 million Americans are identity theft victims with financial losses to the country totaling close to $50 billion. The average loss associated with each case of identity theft is
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approximately $3,500 and the average amount of time each victim expends recovering from the consequences of identity theft is twenty-five hours.” (Douglas). Right here shows that we as in everyday hard-working people get very stressed out about money and especially the loss of the money We would like to know that or money will get back to us safely and quickly, so we will wait until our money is back together in the safe spot you would expect it to be in. Financial Identity Fraud and Theft are one of the biggest problems today.
“The problem of financial losses associated with identity theft is so pervasive in many communities around our country that Santa Rosa, CA Police Sgt. Mike Lazarini recently stated, "We get more reports of identity theft every day than traffic accidents." Indeed, many counties around the United States report that identity theft is the top property crime within their jurisdiction.” (Douglas) Here he says that it is for sure a top reason why people are stressing out. He says financial identity theft is a huge problem in Santa Rosa, and Anyone can guess that is a leading criminal act in the United States, if not the rest of the whole world. Damaged credit, Credit and debit card fraud, Checking and savings account fraud Investment account fraud, Mortgage and other loan fraud, Tax fraud, and all sorts of other awful states that relate to Financial Identity Fraud, and are related to those sorts of fraud since it has to deal with money and financial aid and other special support related to
money. Unfortunately, financial identity theft is so common in the United States, most businesses and consumers consider identity theft resulting in financial fraud a cost of doing business. Many businesses incorporate financial losses resulting from identity theft into the bottom line rather than combat the crime in a meaningful way. Luckily there are huge penalties for fraud. One penalty states that there are in fact increased criminal penalties for identity theft and fraud. Specifically, the crime now carries a maximum penalty of a fifteen-year imprisonment and substantial fines. If someone is to be a victim of Financial Identity Fraud, then the person should remember that this is a crime and must be reported; even if the thief is someone you know and care about. Your insurance company or credit card issuer may even require a police report before they will consider absolving you of any charges that the thief racked up. “Even if it’s unpleasant to think about, a police report is vital to clearing your name and preventing you from being responsible for the bills.” (ITRC) The police report is also important because it entitles you to other protections, such as a long-term freeze or alert on your credit report that will prevent anyone else from opening a line of credit or account in your name. This feature is not free for everyday consumers, but if you’ve been the victim of an identity theft crime it is available without cost, and your police report serves as proof of the crime
...only hear about the different ways that criminals are committing electronic fraud such as hacking in to somebody’s computer and stealing their credit or debit card information. There are also cases where peoples identities have been stolen and whole other lives have been built on them by another person. It all started with check fraud and although it’s not talked about as much anymore, it is still a very large concern for most business owners and people like you and me. The tips that have been provided for us can help protect us from fraud, but it is up to us to take the extra steps to prevent check fraud. We cannot sign up for check fraud protection the same way we could for credit or debit card protection or to help protect ourselves from identity theft. There are processes in place to help us once we’ve experienced check fraud but it is up to us to avoid it.
People need to be careful, if someone is not careful with who they give their information to, it can end in a world of pain. Identity theft can happen anywhere, at gas pumps, in your home, car, or even from your computer at work. Nobody wants to go through such a head ache. Keeping track of all financial papers, personal and financial information, and as well as protecting online information, can potentially keep identity theft from happening. Vulnerability to identity thieves is simply caused by small mistakes people make, without releasing they even made them. By keeping your papers safe and secure, you less likely to be a victim of identity
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.
As a detection process, United States Federal Trade Commission, clarity that credit card fraud for identity theft was steady in 2008, but in the past few years 21 percent increased. Nevertheless, the commission added that credit card fraud is a kind of crime which people count it as an “ID theft”. Though, credit card fraud is restricted in every transaction which takes place, but in huge transaction credits card fraud happen. Indeed, the fraud in credit card transaction has been limited to 0.1 percent. In 1999 the 12 billion transactions which was made yearly, around 10 million or ...
III. Thesis Statement: Identity Theft is rapidly becoming a national issue because anyone of us could be a victim of identity theft. How we protect our self, keep our information private, identify any signs of identity theft, and report and repair our credit is up to each one of us. We have to be vigilant about our protecting ourselves from criminals.
Have you ever received a credit card bill at the end of the month with a ridiculous amount of money needed to be paid that you never spent? This is because of identity theft. The FTC estimates that each year, over 9 million people are affected by identity theft. According to Sally Driscoll, this is because almost anyone with a computer and a slight bit of computer knowledge can pull off identity theft. Experts also claim that identity theft is the fastest-growing crime in the world. Identity theft is a global problem that cannot be stopped without effective measures. The problem is, effective measures are very hard to come by when dealing with identity theft because almost any security protocol can be by-passed.
With today’s technology a lot of people get their different accounts stolen anywhere from bank accounts to gaming accounts. The accounts stolen sometime mean nothing but starting something so simple over again, but sometimes accounts (such as bank accounts) are stolen and drained which is a complete set back and is nearly impossible to recover from without help. In 2012 over 431 Million people experienced some kind of cyber crime worldwide. Out ...
Saleh, Z. (2013). The impact of identity theft on perceived. Journal of Internet Banking & Commerce, 18(2), 1-11. Retrieved from http://www.arraydev.com/commerce/jibc/
In fact, according to the Bureau of Justice Statistics (2015), around 17.6 million Americans have gotten their identities stolen in the year 2014. People can avoid robberies such as building fences, adding security guards/security cameras/alarms, or even dogs can scare aware criminals. There are certainly ways to protect yourself from such robberies, but very little protection when it comes to your computer; even virus protections are not enough to stop an expert hacker. Hacking is a new form, popular way to steal and avoid confrontation. Many of them do this out of pure enjoyment or seek destruction (Computer Hope,
"Identity Theft and Your Financial Life." Daily Record [Baltimore] 23 Aug. 2004, Special to the Daily Record ed.: n. pag. eLibrary. Web. 6 July 2011.
There are various feeling that makes a person feel very unsafe to survive. A victim of identity theft can also deal with the emotional pain for the coming year, make it important that you read more articles to prevent identity theft from happening to you in the future. For the first implication or effect from the identity theft which is financial problem. Most articles related to identity theft present financial problems are increasingly becoming identity theft. To begin with, the thief can gain access to your bank account and take money from you directly. These individuals can also open credit cards in your name, which caused our debt without spending any money. Besides, the second implication is credit issues which that if you are a victim of identity theft are things to worry about your credit report. The offender will make the higher credit card debt without your knowledge so that the credit card bill is not paid for out-receiving loans and financial benefits. The third implication of the identity theft is legal problem. This implication means that if viewed from this point, your safety in danger if thieves gain identification name as it is a matter of law to the victim. You in danger if criminals use to commit a crime but the police will start looking for you and you suspected
Identity fraud occurs when someone steals another person’s personal documents or information, and then proceeds to use these for their own benefit. In the new digital age, it has become very easy for people to steal personal information, especially through phishing scams and online transactions. The delegation of France believes that some of the most harmful type of identity fraud involve forging passports and other identity papers. The scamming of the identification documents creates a stress on French businesses and weakens the financial system.
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
Instances of property crime have a tendency to fluctuate particularly when the economy is in a state of decline; however, a report just released by the FBI claims property crimes have decreased based on averages taken from reporting agencies for the first six months of 2013 (Minegar, 2014). While actual incidences of property crime may have decreased the methods used in committing these crimes continues to change with advances in technology. Crimes like identity theft are reported regularly. Computer technology, the internet, and jurisdictional boundaries each pose difficulty in identification of person’s intent on amassing their fortunes by stealing from others. This paper will attempt to identify how taking is applicable in shoplifting cases, how security is trained to address these issues, explain what constitutes a home invasion, and why statutes have been implemented to allow home invasion to be considered a crime separate from other forms of robbery or burglary, and to clarify the definition of cybercrime as well as how the governments are attempting to combat it.