Identity theft involves gathering valuable information retaining to an individual in order to make a financial gain out of the process. This’ll usually involve the attacker having to open a bank account in the victim’s name and ask for a new credit card for the account. They can then withdraw as much money as they please from the account before the victim can do anything. In 2014, 47% of American adults had their personal information stolen by hackers making identity theft the largest cybercrime to date. According to the U.S Justice Department, every 3 seconds someone becomes a victim of identity theft. Over $18 billion had been stolen as a result. Identity theft comes from hackers or scammers either convincing victims into giving up personal
Identity theft is the stealing and use of someone’s personal information and is one of the fastest growing crimes in the nation (Dole, 2005). According to Federal Trade Commission estimates, identity thieves victimize approximately 10 million Americans every year at a cost of an astonishing $50 billion (2005). Identity theft has been going on for years now and is easily done with the help of today’s technology. According to the Federal Trade Commission, there are six common ways that identity thieves get a hold of personal information. The varieties of methods that are used are dumpster diving, skimming, phishing, changing the victim’s address, stealing, and pretexting (Federal Trade Commission). Once someone’s identity is stolen,
Identity theft is a major concern today in our country, millions of a person’s identity have been compromised for many of years. Identity theft occurs when someone uses another person’s personal information such as name, Social Security number, driver’s license number, credit card number, or other identifying information to take on that person’s identity in order to commit fraud or other crimes. Stealing an identity is, unfortunately, surprisingly easy to do and happens when you least expect it. Just by opening your mail, something that has personal information on it, throwing it in the trash. Therefore, a person can go through your trash and take all that information and use it against you to take on a new identity.
There is a thief that lurks around us everyday; this thief can attack in brad day light or in the darkest hour, and just about anywhere you may find yourself. This thief has the power to act in your name, make unlimited purchases, open up credit accounts and ruin your good name and credit all in the matter of seconds; if you are vulnerable enough, you might become his next victim. In many cases all he needs is your name and a social security number, and he has enough information to make you his next victim; if you don’t believe me then ask the millions of Americans that became victim’s, or just ask me. The thief that I am talking about is identity theft. Identity theft is a
In 2014, there were an estimated 2.3 million cases, a twenty-two percent increase from the previous year (Andrews, 2016). According to the Federal Trade Commission, identity theft complaints have also increased by more than 47 percent since 2014 and it was the second most reported crime after illegal debt collection. (“FTC Releases Annual Summary of Consumer Complaints Debt Collection, Identity Theft, and Imposter Scams Remain Top Categories of Complaints Received by FTC in 2015”, 2016) “The 2017 Identity Fraud Study, released by Javelin Strategy & Research, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016, compared with $15.3 billion and 13.1 million victims in 2015. In the past six years identity thieves have stolen over $107 billion.” (“Identity Theft and Cybercrime”,
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.
Identity theft is a type of fraud that involves using someone else's identity to steal money or gain other benefits. as of yet,
Identity theft is when someone, without the consent of the owner, dishonestly uses, or intends to fraudulently use another individual’s personal identity. Personal identifying information can consist of an individual’s name, date of birth, driver’s license number, mother’s maiden name, state identification number, telephone number and other personal information that
In American society, there a fast growing white-collar crime that is becoming more and more popular among criminals. This white collar crime is call identity theft. Thousands of people have their identities stolen every year. Identity theft happen when criminals get a hold and use other people persona information such as credit card numbers, bank accounts numbers, insurance information and social security number to purchase good and other services fraudulently. More than 9 million American are victimizes by identity theft each year. With this number being so high it is evident that identity theft is one of the fast- growing crimes to hit the United State. Three reason why identify theft if being such a fast- growing crime in the United State is because more people credit card information is being stolen, more people are shopping online and more medical information is being stolen.
Identity theft is said to be one of the fasting growing crimes in America. According to our textbook, the lifestyle exposure theory, explains the different levels of exposure risk and how some people are exposed to higher risk than others depending on their lifestyle. Identity theft or fraud is when someone takes illegal actions and steal someone’s personal information to gain something from it. The theft can gain access to demographic information easily from the internet to get your name, email address, telephone number, birthday, and even your physical address (Archer, 2012).
Identity theft is a fast growing white-collar crime that is gaining the notoriety of an epidemic. There is a wealth of information on identity theft and prevention yet this area of crime is developing rapidly and is shrouded in myths.
Identity Theft is the assumption of a person’s identity in order to obtain credit cards from back account and retailers; the crime varies from stealing money from existing bank accounts; renting apartments or storage units; applying for loans or establishing accounts using another’s name (legal dictionary, 2007). Identity theft and identity fraud are terms that are often used
Identity theft is the fastest growing fraud crime in America (Finklea, 2009). Gaining knowledge in preventing theft will better the economy and lower the crime rates in America. There are reported 9.9 million victims of identity theft and this number is increasing rapidly as the years go on. It has been reported that an estimate of fifty billion dollars has been charged to our consumers every year due to identity theft (Finklea, 2009).
By definition “Identity theft n. the dishonest acquisition of personal information in order to perpetrate fraud, typically by obtaining credit, loans, etc., in someone else's name; fraud perpetrated in this way. ” (dictionary.oed.com, 2007). It’s estimated that 9 million Americans have had their identities stolen each year. “According to the Secret Service, its investigations show a jump in potential losses due to identity theft, from $851 million in 1998 to $1.4 billion in 2000.” add citation from how stuff works There are many ways that thieve steal your identity, they may go through your trash, steal your wallet or purse. I will discuss a lot of the different ways in more
In today's society, there is a white-collar crime that has greatly risen in popularity among criminals. This crime is identity theft. Hundreds of thousands of people have their identities stolen each year. Identity theft is when these criminals obtain and use consumers personal information such as credit card numbers, bank account numbers, insurance information, and social security numbers to purchase goods or services fraudulently. According to the Federal Trade Commission, over 1.1 million people were the victim of identity theft. With this number, it is very evident that identity theft is one of the fastest growing crimes in our country. This paper will attempt to more thoroughly define identity theft. It will
Identity theft affects millions of Americans every day. Scam artists and hackers lay in wait for an unsuspecting person to get caught up their scheme through ignorance or naivety so they can take full advantage of their personal information to do as they desire with it. Problem is, it infiltrates and depreciates the integral infrastructure of our society which creates a cultural lapse through the declination of economic and cultural growth and double jeopardizes an already unstable system to the brink of its destruction. To understand how