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The crisis of identity theft has dramatically increased due to people using their credit cards on the internet. Hackers are tapping into large corporations and gaining access to millions of people’s credit card information (Bray and Yadron 2). One’s identity is never safe and can be stolen easier than they may think. As identity theft rates increase, it becomes more dangerous. The government, along with many large corporations, are working to on ways to prevent identity theft from taking place. Before most of internet shopping, identity theft was never as big as a problem. Now that the internet marketplace has become so big, it has also become a huge target for identity thieves. Most believe that identity theft will not happen to them, when in reality it is an extremely dangerous thing, increasing at a high rate and could happen to anybody at any time.
In today’s society, identity theft happens more than ever. In 2011, identity theft increased thirteen percent. This affected 11.6 million adults. There were SSIDs and credit card accounts all stolen through social networks (Veen 20+). This proves how unsafe that the internet is for one’s credit card. Identity theft has been happening more and more often. Brigitte Acoca states, “Identity theft is the fastest growing crime of the 21st century” (Stein 68). When a crime is growing that fast that makes the crime a greater marketplace for criminals. The more criminals committing the crime, the greater likeliness of one’s identity being stolen.
Identity theft doesn’t just happen through the internet. It can also happen through third-party operators. Often people receive miscellaneous phone calls from third party operators that ask for their credit card number or SSID. If the “victim” c...
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...heft: Protect Your Finances, Health & Freedom." Free Credit Scores | 3 Credit Bureaus | FreeScoresAndMore.com. N.p., n.d. Web. 14 Apr. 2014.
"Prevent and Report Identity Theft | USA.gov." USA.gov: The U.S. Government's Official Web Portal. N.p., n.d. Web. 15 Apr. 2014.
"Immediate Steps to Repair Identity Theft Consumer Information." N.p., Aug. 2012. Web. 15 Apr. 2014.
Ledford, Jerry. "Steps to Recovering Your Identity after Identity Theft.” Complaints. N.p., n.d. Web. 16 Apr. 2014.
"Identity Theft." StudyMode. N.p., n.d. Web. 17 Apr. 2014.
"Financial Identity Theft Is the Most Common Form of ID Theft." Financial Identity Theft Is the Most Common Form of ID Theft. N.p., n.d. Web. 17 Apr. 2014.
"Criminal Identity Theft: What to Do If It Happens to You." Criminal Identity Theft: What to Do If It Happens to You. Privacy Rights Clearinghouse, May 2013. Web. 17 Apr. 2014.
Identity theft has been a major issue of privacy and fraud. In the data breach analysis from the Identity Theft Resource Center (2013), the number of data breaches from the year 2005 to 2012 increased. In 2012, there had been 49% where the data breach exposed people Social Security Number. The data breach of 2012 has a rate of 27.4% caused by hackers. These breaches were commonly from 36.4% businesses and 34.7% health and medical (Identity Theft Resource Center 2013). The number of identity theft varies from physical possession to digital possession. At least one-fifth of trash cans contains papers listing people’s credit card number and personal information. People that throw away their trash mails contain much personal information that is useful to steal someone's identity (Davis, 2002). Technology becomes a need where people use it daily and as a result it has also become a use for identity theft as well. Throughout the years as technology develops so does identity theft. This paper shows the types, methods and technique used for identity theft, and it also examines possible risk of identity theft from current technology.
About 15 million United States residents have their identities and information used fraudulently each year. Along the use of their identities, they also had a combined financial loss totaling up to almost $50 billion. Major companies such as Apple, Verizon, Target, Sony, and many more have been victims of consumer information hacking. In each of the cases, millions of consumers’ personal information has been breached. In the article “Home Depot 's 56 Million Card Breach Bigger Than Target 's” on September 18, 2014, 56 million cards were breached due to cyber attackers. Before the Home Depot attack, Target had 40 million cards breached. Company’s information is constantly being breached and the consumers’ are the ones who end up having to pay the price. If a company cannot protect the information it takes, then it should not collect the information.
The rapid growth in technology has been impressive over the past 20 years from television graphics and multi-purpose phones to world-wide connections. Unfortunately, the government is having trouble with this growth to protect the people from having their privacy violated due to the information being stored electronically. In “The Anonymity Experiment”, by Catherine Price, states how easily a person can be track and how personal can be lost. Also, in “Social Security and ID theft”, by Felipe Sorrells, states how social security numbers and personal identities can be stolen and how the government is trying to stop that theft. They both intertwine with technology and privacy though Price's article has a broad overview of that, while Sorrells's focus is mainly on social security number and identity thief part. Price and Sorrells shows that companies are taking too much advantage from the customer, the government, even though their trying, needs to start helping the people protect their privacy, and a balance between the amount of trust people should have giving out their sensitive records to which information is protected.
In order to assist a victim of identity theft there several steps, a Forensic Accountant
Identity theft is no new problem in our world. It has occurred for decades and only grows more popular with criminals. Due to our world’s expanding technology, identity theft is becoming easier to commit and harder to detect. Luckily as the criminals technology becomes more advanced, so does out justice system’s technology to help fight the crime. The number of criminals that engage in the fraud and thievery will only grow due to the lucrative nature of the crime, but also will the forces that are established to stop them. This white-collar crime will gain more attention and therefore more laws will be passed to protect the public from becoming victims. With the use of laws, task forces, and the education and awareness of the public, identity theft will be given more attention and focus to hopefully deter future threats from occurring.
Smith, A. (2013). How NOT to commit dental insurance fraud! Retrieved from Amy Smith Consulting LL.: http://www.amysmith.biz/tip-of-the-month/2013/6/25/how-not-to-commit-dental-insurance-fraud.html
Willingham, B. (2012). 5 Myths: What a Private Investigator Cannot (Legally) Get. Retrieved from www.diligentiagroup.com: http://www.diligentiagroup.com/legal-investigation/5-myths-what-a-private-investigator-cannot-legally-get/
The Internet plays the biggest role in identity theft. On the Internet, a thief can hide from detection while stealing peoples’ identities from their homes, being able to steal peoples’ information one by one “then disappearing into another identity,” (Vacca 60). Internet fraud consists of two phases. The first being spoofing where a fake site is set up made to look like the real thing. Once that is completed the second phase, phishing, begins. This usually starts with an email that uses the
"The Cost of ID Theft, Part 1: Beyond Dollars and Cents." Commerce Times: Business Means Business. N.p., n.d. Web. 18 Nov. 2013.
One of many rapidly growing crimes in the United States is identity theft. This horrible crime is just not about the money, but it is about criminals accessing your personal information. According to the Insurance Information Institute (III), “The 2015 Identity Fraud Study, released by Javelin Strategy & Research, found that $16 billion was stolen from 12.7 million U.S. consumers in 2014,…There was a new identity fraud victim every two seconds in 2014” (III.org). Therefore, today’s consumers have over 10 identity theft protection services to choose from. These protections will benefit the U.S. consumers to avoid becoming victims of this horrible plague. For this reason, I have chosen my top three identity theft protection plans which are: LifeLock,
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.
Web. The Web. The Web. 25 Jan. 2014. Dyke, Van, and Albrecht W. "Identity Theft.
Oxforddictionaries.com, (2014). identity: definition of identity in Oxford dictionary (British & World English). [online] Available at: http://www.oxforddictionaries.com/definition/english/identity [Accessed 3 May. 2014].
6. NRA | ABOUT US. (n.d.). NRA | ABOUT US. Retrieved November 10, 2013, from http://home.nra.org/home/document/about
America,” (Weidenfeld 1). Being the number one crime, identity theft is very dangerous. If your