Identity Theft: In today’s society there is a white collar crime that has greatly increased in popularity among criminals. Identity theft, causes hundreds of thousands have their identity stolen each year. Identity theft is when 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. It has become one of the few crimes that is successful repeatedly and yet it has been ignored by the public. One will shed some light on what many need to know about identity theft but few actually do.
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.
Identity theft is one of the most pervasive and rapidly growing criminal activities in America. It is also one of the most devastating crimes for victims. One of the most common forms of identity theft is credit and debit card fraud. Credit card fraud not only exposes private payment information to thieves, but possibly the cardholder's name, address, and social security number. A 2003 survey from the Identity Theft Resource Center found that approximately seven million people were victims of identity theft over the previous 12 months.
Denita Dorsey is faced with twenty seven charges of identity theft/ credit card fraud this month also. The May graduate has stolen more than $1... ... middle of paper ... ...t year. The number of incidents and the amount of monetary lost has drastically increased over the past four years. Privacy is being invaded by technology in more ways than you know. Works Cited * Houghton, Shannon. "
“According to the 2011 identity fraud survey report, approximately 8.1 million adults in the United States were victims of identity fraud to the tune of $37 billion in 2010.” (Britz p.115) They prey upon private citizens, company employees, corporate executives, and government workers. It is used for personal gain, or corporate interests, or to facilitate the globalization of crime by terrorists and organized crime groups. No longer can the victim be assured that his or her place in the world is singular and unique, dependent on his or hers actions alone; rather, they are subject to sudden and dramatic changes, all at the behest of an actor who in all likelihood does not even know. How common is identity theft? It is the top consumer fraud complaint.
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.
In today’s society, identity theft happens more than ever. In 2011, identity theft increased thirteen percent. This affected 11.6 million adults. There were SSIDs and credit card accounts all stolen through social networks (Veen 20+). This proves how unsafe that the internet is for one’s credit card.
They are more sophistacted and have caused the loss of hundreds of millions of dollars to the United States. They started in the United States with the Vory V Zakone otherwise known as “thieves in law” which were career criminal who banded together for support in the Soviet prison system. When the Soviet Union collapsed these members got in league with corrupt public officials. Organized crime members first emerged in the 1970s when they were allowed to emigrate to Europe, Israel, and the United States. In the United States these groups are involved in many cases of fraud, money laundering, human trafficking, drug trafficking, extortion, auto theft, and prostitution.
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.
Social security fraud has gone up over the past four years more than 500 percent. This is an astounding number too consider and critics have complained that perpetrators are still treated with more leniency than your common white-collar criminal. Also hard to consider is the fact that one third of those who have been convicted of the crime ... ... middle of paper ... ...f law enforcement. As the crime rate for this offense continues to rapidly grow, law Enforcement officials as well as government representatives continue to target the crime and find ways to stop it. There are many things that officials must consider doing that would help prevent identity theft.