Identity Theft Research Paper

672 Words2 Pages

Identity Fraud is a serious issue nowadays, and with all this new technology and electronic software it is becoming very easy to access your bank account, send and receive money, and even has pretty good security, but with all the security and protection the hackers are bypassing the systems and depositing a lot of time to withdraw all the innocent people’s hard earned money and steal all of it.
Many thieves taking money from people are against the law, and we need for the crime stoppers to start looking into these crimes and keep the hackers off the street, and we need to fight the criminals with more security and find out where your money is in every single situation at any given time. The quote “Each year, approximately 15 million Americans are identity theft victims with financial losses to the country totaling close to $50 billion. The average loss associated with each case of identity theft is …show more content…

“The problem of financial losses associated with identity theft is so pervasive in many communities around our country that Santa Rosa, CA Police Sgt. Mike Lazarini recently stated, "We get more reports of identity theft every day than traffic accidents." Indeed, many counties around the United States report that identity theft is the top property crime within their jurisdiction.” (Douglas) Here he says that it is for sure a top reason why people are stressing out. He says financial identity theft is a huge problem in Santa Rosa, and Anyone can guess that is a leading criminal act in the United States, if not the rest of the whole world. Damaged credit, Credit and debit card fraud, Checking and savings account fraud Investment account fraud, Mortgage and other loan fraud, Tax fraud, and all sorts of other awful states that relate to Financial Identity Fraud, and are related to those sorts of fraud since it has to deal with money and financial aid and other special support related to

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