The Crime Of Identity Theft

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Identity theft is a serious crime where a thief obtains your personal information, such as your social security number, to commit fraud. Identity theft has become a growing issue in today 's society, especially with today 's advanced technology. Research done by Javelin strategy concludes that nearly 12 million Americans have been victims of identity theft in 2011. The statistics of identity theft show an increase of thirteen percent over 2010. The numbers are increasingly growing as the years go by. Approximately seven percent of adults have their identity stolen, resulting in at least $3,500 in losses. Identity thieves develop cagey methods to steal identities like stealing wallets, mail, and phone calls that lure people into giving out their…show more content…
Catch Me if You Can is based off the true events of Frank Abagnale Jr’s life as a con artist, where he was involved with credit card schemes, creating bad checks, and stealing other people 's identity. He later worked with the FBI to teach others on how to prevent financial and identity theft crimes. Another scandalous identity theft criminal from the twentieth century is Philip Cummings. His criminal activity is known for being the largest case of identity theft in the history of the United States. Cummings scheme went on for several years before being caught by the FBI, leaving thirty thousand victims and one hundred million dollars of stolen money. These notorious identity thieves have helped the authorities to discover new ways to prevent this growing…show more content…
Identity theft has become the number one profit crime in the United States. As detective Kaminski said, “It is more efficient to commit identity fraud than to rob a bank because the odds of being caught are less likely.” If a business suspects their company 's identities being stolen they should inform the proper authorities who deal with this rapid growing problem. Not trying to stop the issue will cause greater stress in the future and possibly jeopardize the whole business. It can take years to return back to a stable state after having your identity stolen. If a thief is caught stealing identity, they can be fined up to one thousand to one hundred thousand dollars. Depending on the seriousness of the crime, the person can end up in prison for years. To avoid the troubles of identity theft, it is important to be educated on the precautions of the issue. Businesses and individuals must take the initiative to secure their personal information and identity to be able to lower the rate of identity

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