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  1. Identity Theft

    identity theft IDENTITY THEFT Identity theft and identity fraud refers to all types of crime where someone obtains and deceptively uses another person's personal

  2. Identity Theft

    Identity Theft IDENTITY THEFT ? CAUSE, PREVENTION, AND EFFECT INTRODUCTION A major growing problem within the United States is identity theft. Identity theft is

  3. Identity Theft

    identity theft Identity Theft With the public emergence and worldwide explosion of the internet, Identity theft has become one of the most rapidly increasing crimes.

  4. Identity Theft

    Identity Theft Identity Theft "Identity theft occurs when someone uses.personally identifying information, like.name, Social Security number, or credit card number,

  5. Identity Theft

    identity theft Identity Theft In today's society, there is a white-collar crime that has greatly risen in popularity among criminals. This crime is identity theft.

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Identity Theft

Submitted by onlinepapers on February 20, 2006

Category: Social Issues
Words: 2017 | Pages: 9
Views: 660
Popularity Rank: 15,156
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IDENTITY THEFT

Identity theft and identity fraud refers to all types of crime where someone obtains and deceptively uses another person's personal data most commonly for personal economic gain. "Identity theft is the fastest growing crime in the United States, claiming 27.5 million victims since 1997." [1] Unlike your unique DNA, dental records and fingerprints, someone else at your expense can use your personal data, such as your Social Security number, bank account or credit card number, telephone calling card number, and other valuable identifying data, for personal profit. A smart criminal may be able to become "you" with sufficient information and use your identity to commit fraud.
With enough identifying information about an individual, a criminal can take over that individual's identity to conduct a wide range of crimes: for example, false applications for loans and credit cards, fraudulent withdrawals from bank accounts. These types also will include acts of forgery. They can also obtain other funds, items or privileges, which the criminal might not receive if he were to use his own identity and information. Many times the criminal makes certain that bills for the dishonestly obtained credit cards or other statements showing the dishonest withdrawals, are sent to an address other than the victim's, they may not become aware of what is happing until the crook has already caused significant damage on the victim's assets, credit, and reputation.
Many times, a victim's losses may consist of sizeable financial expenses linked with trying to re-establish his status in the community and rectifying incorrect information the criminal is responsible for. There may be great amounts of out-of-pocket financial losses to the victim as well.. The longer it takes to discover a theft relating to someone's identity, the harder it
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is to resolve and the greater the amount of damage. It has been said, low-...

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