Identity theft and online consumer protection have become exceptionally significant areas in technological studies demanding special consideration in order to protect the identity rights of e-consumers. This report is a discussion about identity theft. First of all, an…
Then, social, ethical and moral issues regarding identity theft have been discussed. The report is summarized in a concluding paragraph. APA referencing has been used properly.
Identity theft is the crime that involves stealing of a person’s private information “in order to impersonate that person in a legal sense”, according to Vacca (137). When a person’s identity is stolen, he is at great risk of facing a terrifying number of monetary and individual dealings done in his name by the thief. Technology, along with its pros, has introduced exceedingly technical and chic means of acquiring someone’s basic identifying information. Whatever means the thief uses, identity theft brings great damage to the victim’s name and reputation as the victim is solely left responsible for whatever financial or personal loss he faces. One often has to reveal bits of his personal information while doing online transactions, such as, his name, address, telephone number, bank information, credit card information, and etcetera. The thief, after stealing this information, can misuse it by, for instance, applying for loans in the victim’s name, changing his billing address, obtaining driving license, applying for jobs, applying for insurance or new banking accounts, getting authorization for electronic transfers by using the victim’s electronic signature, or any other fraud.
On the internet, identity theft is being accomplished using techniques like sending Trojan horses, which are destructive programs, into the computer system, and important passwords and useful information like social security number is transferred to the thief. Another way to steal identity is email phishing. The victim is sent emails telling the victim that they are from so-and-so enterprise and scamming him by directing him to a fake website which asks for his personal information.
Though, internet identity theft has made people ...
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This paper will assess various methods through which people’s identity can be compromised. It is also apparent that victims of identity theft experiences different and great loss. The paper will also highlight losses caused by identity theft. There must be a way through which law enforcement agencies and courts deal with such crimes.
The Identity Theft Resource Center (see www.idtheftcenter.org)defines information security breach as an event when sensitive personal information of a certain person such as his or her Social Security Number (SSN), medical records, driver’s license or financial records such as bank accounts, credit card accounts and the like become potentially at risk.
Technology, along with its pros, has introduced exceedingly technical and chic means of acquiring someone’s basic identifying information. Whatever means the thief uses, identity theft brings great damage to the victim’s name and reputation as the victim is solely left responsible for whatever financial or personal loss he faces.
The Federal Trade Commission (FTC) revealed that the identity theft is classified into misuse of existing accounts (85% of victims), opening of new accounts (17%), and misuse of personal information (17%).(These statistics do not add to 100% because of multiple instances per victim) (Mercuri, 2006).
With the advent of the technological age, criminals have become even more savvy and responsive to any attempt to thwart their efforts. They have also become more innovative in their devices in recent years. One such example is the concept of stealing the identity of another person for the express purpose of gain, either economic or logistical (Ciechanowicz, 2010).
However, on the other side these technologies include the risk of the virtual information being hijacked by technically equipped thieves, resultantly involving loss of money, social security and critical information. Subsequently with the
tivities and virtually all businesses in the modern world must resort to computers as a means of remaining competitive in today’s marketplace, all forms of internet crime should be a concern for everyone. A proactive approach must be taken toward identity theft and these
You should very carefully go over your financial statements such as bank statements and credit cards bills and do so frequently. The faster you find out that your credit or your identity has been tampered with, the faster and
The statistics reported about the crime showed that the crime costs American citizens more than USD 21 billion in 2012 (Javelin Strategy & Research, 2013). The data collected by the FTC (Federal Trade Commission) showed that the
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