How Does Identity Theft Affect Australia

Identity theft is a significant problem to both citizens and financial institutions. The FTC estimates that over 27.3 million Americans have been the victims of identity theft in the past five years. The

True name, identity theft means that the thief uses personal information to open new accounts. The thief may open a new credit card account, or even establish a cellular phone service in your name. Account takeover, identity theft means the imposter uses personal information to gain access to the person’s assisting accounts. The thief will change the address on the account and run up a huge bill before the persons whose identity has been stolen realizes there is even a problem. Consequently, the internet has made it easy for a person’s identity to be stolen because the transaction can be made without asking any personal information. Retrieving personal paperwork and discarded mail from trash dumpsters (dumpster diving) is one of the easiest ways for an identity thief to get information. Another popular method to get information is shoulder surfing-the identity thief simply stands next to someone at a public office, such as the Bureau of Motor Vehicles, and watches as the person fills out personal information on a form.

Consideration of recommendations will significantly improve the quality and availability of data and will enhance the monitoring of identity crime and misuse throughout Australia on a permanent basis. In the future, an identity crime measurement framework will act as a minor step towards protecting the Australian society from identity theft. The National Identity Security Coordination Group (NISCG) is entailed to contract an annual identity crime measurement report for relevant Commonwealth, state and territory ministers on the extent, and impacts of the crime in

Becoming the victim of identity theft is never something that is a pleasant experience. Along with the fear regarding the actual event, there is also the aftermath that must be considered. It can sometimes take years to completely see the full effects of identity theft, but by learning more about the different types, it is much easier to get started making repairs.

Therefore, when someone uses your personal information to obtain identification, credit or even a mortgage, you become a victim of identity theft. This crime is devastating to a victim’s credit score and peace of mind.

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

A. Identity theft is defined as an illegal use of someone’s information in order to obtain money or credit in the

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.

There are as many as eight or more different types of identity thefts, but these three are the more common types: Financial Identity Theft, Driver’s License Identity Theft, Social Security Identity Theft. Consumers need to know what to do if they are a victim of identity theft starting by knowing the type of identity theft they are dealing with. (Stroup, 2016) Most people recognize and associate financial theft with this type of crime. It involves the use of personal information to create or take over someone’s financial accounts such as (checking accounts, credit cards, etc). Thieves then can acquire the information needed to hack into your accounts or steal your information through computer viruses, data hacking or any other cyber- attacks. It can be frustrating, stressful and time consuming trying to get

Figuring out if an identity is stolen is not easy only because it can be unknown until damage is dealt. This is why identity theft isn’t easy to stop. When most people report a crime, police arrive on the scene before serious damage is dealt, but when a thief steals a person’s identity, the victim can be unaware for quite some time before they realize the amount of money they lost. According to Tracey Whittaker and Anne Dilascio, in 2003, the average money lost from identity theft per person was $4,789, but in 2006 the average was less than $2000. The average out-of-pocket cost of identity theft victims in 2005 was

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

     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 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).

Identity theft is one of the most common types of cybercrime. Identity theft a term which refers to all types of crime in which someone wrongfully obtains and uses another person’s personal information in some way that involves fraud or deception. Identity thieves are looking to gain pieces of personal identifying information (PII) such as social security numbers, driver’s license numbers, and credit card numbers. There are numerous ways identity thieves can obtain pieces of your PII. There are online methods such as phishing and date breaches, which will be address in this report, and non-online methods such as dumpster diving and wallet stealing, which will not.