Identity Theft

Companies have an obligation to protect their customer’s information, which goes beyond that of complying with state and federal regulations. If the company loses the trust of their customers, they risk the chance of damaging

Some security risks involved with conducting business online are imposters, eavesdroppers and thieves. Also, there are crackers or hackers, which are people who write programs and manipulate technologies to obtain unauthorized access to computers and networks. The elements of computer security are secrecy, integrity and necessity. Secrecy is protecting against unauthorized data disclosure. Integrity is preventing data from being modified by someone who is unauthorized and ensuring that the contents of emails aren’t changed before they get to he recipient. Necessity is preventing data delays or denials. It is important to establish a security policy to protect assets, to define acceptance and unacceptable behavior and to review physical and

During the last Christmas season, Target announced that their data security was breached. According to David Lazarus in Los Angeles Times, Target stated that roughly 110 million customers’ information was illegally taken from their database. The information included their credit/debit card info, phone numbers, and email addresses. Target is one of the most popular grocery stores in the U.S.; they have a substantial amount of consumers. Because of this incident, consumers' trusts for the store have been decreasing. Worrying about losing its customers, the company offered a free year of credit monitoring and identity-theft protection, so the customers will feel more secure. Not only Target, some other large retailers also faced the same issues. They want their customers to trust that the companies can protect private data. However, should we not worry? Data breaches have been going on for about a decade, but we have not seriously thought about the issue. In order to protect people’s privacy, the federal government should make new laws concerning companies’ handling of customer information.

As technology grows and information has become a critical asset companies currently are devoted their resource and money to protect their data as important as their finance and human resource assets.

The use of information technology in business presents major security challenges, poses serious ethical question, and affects society in significant ways. Especially, the computer crime is a growing threat to society and is caused by the criminal or irresponsible actions of individuals who are taking advantage of the widespread use and vulnerability of computers and the Internet and other networks. It presents a major challenge to the integrity, safety, and survival of most business systems.

Now a day, companies are focusing and investing more on IT security, where the company’s and customers’ personal and financial information managing and storing. Certainly, more cost involves in this process. Companies who failed in security breach prevention paid and paying huge amount. Example for this is Target. This multinational grocery stores company’s data breached in 2013 this affecting its business. Furthermore, by 2015 nearly 1000 Target employees lost their jobs and the company is facing legal suits from bankers and customers.

Each day, millions of Americans make online purchases and millions of dollars are spent through e-commerce. Whether it is clothes, books, videos, hotels, flights or even cars, nearly anything can be bought online. It is important for consumers to be assured of their identity protection and have peace of mind when ordering online. So when online retailers do not take the proper precautions for safeguarding their customer’s confidential information, how should they be held accountable? Does the Federal Trade Commission have the authority to reprimand companies that expose themselves to a threatening data breach? These are the principle questions that are being considered in the case of FTC v. Wyndham Worldwide Corp. This case has greatly impacted the future of e-commerce and has decided how companies will be held responsible for upholding the highest security standards and protecting consumer information. As Christians, we are called to not only look after our own interests, but also the interests of others (Phillipians 2:4, NIV). I will examine the holding of this case to determine how business managers can best steward the information of customers and employees to look after their best interests and protect them from harm.

Four, it’s about the data security and integrity. The integrity refers to the ability to ensure that information being displayed on a web site, or transmitted or received over the internet, has not been altered in any way by an unauthorized party (Laudon and Traver, E-commerce 2015, Global Edition). Companies must have in place a technical and physical safeguards to prevent the breach of data.

Data breach is a topic that plagues the daily news and whether it presents itself in the form of a large company security breach or a case of identity theft in town, people are aware of their surroundings and are cognizant of the danger that hackers pose. Thus, when we are doing things like creating a new account with a website online, we are actively choosing to ignore the potential risks that surround us because creating a complex password and changing it every so often becomes too difficult. Just like Herley’s phishing example that was mentioned earlier in this paper, the time it would take to detect phishing websites and applying our knowledge to help prevent security breaches would help us save less than a dollar per year. I believe that is a risk many are willing to take, especially if it helps make our online experience that much more enjoyable and

A1. The most serious information security threat to most businesses today is their Reputation. Many well established business have a certain reputation in the market. But this reputation of theirs is destroyed by people working in the organization who leak information to cyber criminals and hacktivists. Criminals, after obtaining such information leak it or use it to blackmail the company for their own interest. New implementations of BOYC (bring your own cloud) and BOYD (bring your own device) also has their own risks.

As we have moved into an era where we are more and more dependent on the internet and cyber technology than we ever have been, it is almost natural for criminals to find a way to learn to exploit the information available. While there are some internet hackers and activists that utilize their skills to send a message or to push an agenda, there are many hackers and cyber criminals that utilize their skills illegally for monetary gain. Many of us have most of our bills and finances online, and we utilize the internet to track and manage these types of accounts. While there may be no way to revert to the days of paper accounting, the idea of identity theft or having credit card or banking information stolen has many people fearful of having their information on the internet. While there may be no guaranteed method of ensuring your information is completely protected, there are ways to make yourself much less vulnerable to these attacks. By educating oneself on the risks and vulnerabilities associated with being on the internet and having so much information tied into it, you may be able to stay much safer.

While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain

According to the Federal Trade Commission Identity theft is the fastest growing crime in the United States of America. They estimated that 10 million people a year are victimized by the crime which comes out to about 19 people per minute are becoming victims of this crime. Given these extremely worrying statistics it has never been more important to be informed about the crime of identity theft and how to avoid it in your daily life especially as more schemes and ways to unknowingly forfeit your information are introduced with the prevalence of the World Wide Web (www, w3). More than just knowledge of the crime of identity theft it is also important to know what protections you can set to help protect your information. Also, given the amount of businesses and organizations, and the various vulnerabilities that their systems may have, that must have access and know significant information about your life it is also invaluable to understand how to recover from your information being lost. This paper will be used to inform about this growing crime including what identity theft is and the different types that exist, what information is most important to protect, what you can do to avoid it, how to recover from it and what that may entail, and how this applies to the field of computer science and what should be looked for when building systems, and different kinds of attacks that can happen.

The evolution of technology has enabled criminals a new form of prey. This problem is known as identity theft or identity fraud. The development and growth of the world wide web and personal computers being have made everyday things easier for everyone, but have also made it easier for criminals to gain access to information needed to steel someone’s identity. This is a crime which cost people thousands of dollars and countless hours of time spent to regain their losses and the damages done by having their life turned upside down by identity theft. Albrecht(2016). This paper will discuss just how big of a problem identity theft is, a few of the typical types of identity theft, possible preventative actions that should be taken to avoid identity theft, and the actions a person having identity stolen should take once they realize they have been compromised. The main thing that seems to have to be done is preventative measures by both the potential victims and creditors to keep information private so thieves cannot get the access in the first place. The more difficult that you make it to get to your information the less likely you are going to be victimized. Albrecht(2016).

Although, numerous companies instill in people how they should trust them, only to face a data breach later. In knowing the risk in the digital age, some users still provided their correct contact and payment information.