Stealing one’s identity doesn’t require much information. By getting the name, date of birth and address of a person, one can easily steal the person’s identity. 1.2 What does this paper focuses on? The paper focuses on identifying: The common types of identity theft. The issues associated with identity theft.
With all of this being said, when it comes to you or your family’s finances be careful. Someone you think you know and trust can very easily steal your credit card information, or even personal information to use for his or her own personal gain. Credit card fraud is just as simple as ordering things over the Internet or the phone. A person can make a copy of your card and use it with few, or no, ... ... middle of paper ... ...redit card fraud the amount of time it takes for the crime to be discovered can vary. When the card itself is stolen, the theft may be determined quickly, but in cases where a person’s personal information has been stolen, it can take far longer.
Online Identity Theft Identity theft is the “appropriation of someone else’s personal or financial identity to commit fraud or theft” (Milne et al. 217) Identity theft can occur by physical or digital means. Understanding how identities can be stolen electronically is crucial to preventing identity theft. In addition to education, there is software and other preventative methods to prevent identity theft. An important way to prevent identity theft is to understand various ways people can steal an identity.
This method is referred to as the easiest way to steal someones identity. This occurs when people simply just give away information like their address to strangers or when they are not safe online and their personal information can be accessible to anybody.The second category is known as offline methods.This category includes techniques like: dumpster diving, shoulder surfing, wallet or document theft, bogus phone call, skimming, pretexting and business record theft. The third category is refereed to as online methods. This includes ... ... middle of paper ... ... involves the loss of a victim who has not’t done anything wrong, therefore making identity theft un ethical. Conclusion In conclusion, identity theft is illegal, unethical and very dangerous to the victim.
Money laundering is the routing of illegal profits from bank to bank to disguise its existence. The illegal profits are usually made through activities such as drug trafficking, prostitution rings, illegal arms sales, and various other things. Unfortunately money laundering is a serious crime that is still prevalent in the United States and other countries. The Russian mafia, the Triad or Chinese mafia, and the Columbian drug cartel are just a few of the groups that partake in money laundering. No one knows exactly how much money is laundered yearly but it is estimated to be about $100 billion in the United States.
They all band together to track down fugitives in cases such as auction and ... ... middle of paper ... ... somewhere else. This may mean you have become the target of a phishing scam, which is only the start of auction frauds. The site you might get directed to could be less secure, full of malware, and programmed to get your credit card numbers or other personal information. Also, if you get an email from what looks to be a reputable site saying you have another chance, don’t. Contact that site immediately and report it, as well as delete the email you receive.
Every time you got out to your favorite store or restaurant, and you pay with your debit or credit card—your information is out there. Identity theft is a major issue and is one of the fasting growing crimes. Identity theft is defined as a form of stealing someone’s identity, where someone pretends to be someone else. This allows a thief to gain access to financial information and other confidential information. Amazingly, every nineteen minutes a person falls victim to 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. 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.
More interesting is the rise in identity theft not as the final crime but as insurance cover for perpetrating new crimes. The theft of personal documents is usually perpetrated with an intention of facilitating other serious crimes. An experienced identity thief strives to acquire several sets of useful individual identity such as date of births and PIN numbers, and use these to create supplementary documents. The deliberate exploitation of this information through different channels such as telephone, online, personal contact with bank tellers, and even applying for new credit cards contribute towards acquiring more information that is personal for instance, bank details, driver’s permit and
Some criminals engage in "dumpster diving" ¬ going through your garbage cans or a communal dumpster or trash bin to obtain copies of your checks, credit card or bank statements, or other records that typically bear your name, address, and even your telephone number (Borrus). These types of records make it easier for criminals to get control over acc... ... middle of paper ... ...tion between law enforcement and the public, identity thieves will be held accountable in this new millennium. Works Cited Borrus, A. (2003, March 31).To Catch an Identity Theft. Business Week, 3826, 91.