Credit card identity theft is become more common in today’s time than it ever has been before. The more credit cards that are made, the riskier they get. Credit card theft is leading to identity theft. One’s personal information such as social security, birthday, bank information, name, address, and other important information can be received through a credit card if it is hacked. Having one’s identity stolen can cause a negative impact for their entire life but there are some solutions that could prevent identity theft through credit cards. Credit cards should use a new identification number for each credit card the user owns, each transaction should have a different number code, and a secret code used just by the user for the specific card. Using a different combination of letters and number each transaction can prevent identity theft since the information will not be the same …show more content…
Having multiple codes will make returns and tracking cards harder than ever before but it will be safer in the long run. Everything has a down fall, and sadly security with credit cards is a downfall. Even though it will be safer for the credit card owner, facility and terminals does not necessarily mean it will work out. Performing the tasks we do now with credit cards will take longer and may become more difficult due to remembering all the special numbers included. Overall, credit card identity theft affects 15 percent of people that have a credit card, which is higher than it has ever been before. Stolen identity has a negative impact and can ruin one’s future in a flash. Secret codes should be provided for each credit card, terminal and facility. Although, the secret number will cause the transaction to take longer, the protection against identity theft through credit cards will increase and be
This case involved an unknown suspect stealing the victim’s vehicle while it was parked in an unsecured parking lot in violation of PC 487(d)-Grand Theft Auto.
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.
Identity Theft is a severe and important issue that needs more recognizing than is currently has now. Identity Theft is when mean people go around and try to steal your Identity. If they are successful and have stolen your identity they can buy items and you will be charged. They can also ruin your credit history and reputation with your Identity. Identity theft happens every day and many people are affected daily. If your identity gets stolen it may take years to get all your stuff back. It may even cost you money to fix it! This will tell you everything you need to know about Identity Theft and hopefully we can put a stop to it.
Identity theft is an increasing epidemic. Some of the ways a person can commit identity
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.
... a candy bar. These thin wallet size magnetic strips are the keys that unlock the vaults of banks, ATMs, and any cash dispenser around the world. Credit cards have become important sources of identification holding a name and number of a cardholder in just a thin card. There are many cardholders around today such as American Express, Discover, Master Card, and Visa. These companies go head to head with customers around the world. These thin wallet sized cards are a part of most Americans everyday life and some people are very dependent on them. If you come into a situation where you don’t have cash all you have to do is use your card and pay it off later. As many Americans say “I’ll charge it”, this has become a world wide saying. The modern day credit card was invented many years ago and will be continued to be in use for many years to come.
In response to the emergence of credit card fraud in 1984, congress passed the Credit Card Fraud Act to give federal prosecutors a broad jurisdictional base to more effectively prosecute a variety of credit card frauds. This act broadened the definitions of credit card and debit instrument to any "access device," including an account number, increased the maximum penalties of incarceration and fines, and provided a substantial repeat-offender penalty (U.S. Department of Justice, 2013).
Often imposters steal or use someone’s identity to conceal their true identity from their creditors or other individuals or from hiding from the government. They often use the victims’ photos and personal information through social networking sites and create stories to believe every around they are the real person. This is described as Identity Cloning or concealment as the imposters conceal themselves under someone’s identity.
Where in 56 million payment cards were stolen and the issues related to the occurrence.
The primary use of stolen identities is for credit card fraud which can occur by an offender placing charges on a victim’s existing cards or by opening new accounts in his or her name. A common activity for these fraudsters is to change the billin...
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.
As established by PCI DSS, our company needs to include different aspects to securely handle and store credit cards information. From the perspective of the Information Security Analyst we must to consider the following points:
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.
One thing that annoys most of the world is the ever changing of identification. One minute you are just telling people your name and carrying on a conversation. The next you are giving them a barcode without even talking to them and going on your way like no one exists. The instigator of this “new” way of living is the ID card. ID cards are a nuisance and should not be used as a person’s life line.