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The internet has become a part of every day life, in fact for many it is their life. You can meet other people, play games, do research, communicate with loved ones half way across the country, and now you can even shop and bank online. You can buy anything from baby food to prescription drugs on the internet and it will be delivered in a timely fashion to your front door. No line, no commute time, no annoying shoppers and no incompetent sales persons. Banking online is a recently developed convenience. How often do you forget to pay your bills? With online banking your bills are paid on time. You also have immediate access to your bank statements updated by the minute. It sounds almost too good to be true and it is, sort of. Just like in every aspect of every day life someone is out there trying to make a quick buck. With the new technology that allows us these conveniences there are also a new batch of thieves, aptly known as PHISHERS. Project Description Everyday people are logged onto the internet where they are putting themselves at risk by not taking the simple necessary precautions for protection. Just as you wouldn’t leave your wallet unattended in a store, you should not just assume your personal information is safe on the internet. This is not to say that if you log online your identity will be stolen; however, there are some necessary things to learn to protect yourself. The purpose of my project is to help make people aware of these dangers on the internet and how to protect themselves to the best of their abilities. I chose to focus on “phishing” a new kind of internet theft where millions of e-mails are sent out to vulnerable consumers. This is a serious danger, one... ... middle of paper ... ...h money they have. The phishers work in volume. If they get 5,000 from you and 99 other people that is a total of 500,000 dollars. Another key thing to do is report anything that looks ‘fishy’. I am amazed at how much internet ‘phishing’ is deterring people from using the internet and how serious a problem it actually is. I know that the banks are working extremely hard to prevent further attacks, but the phishers are working equally as hard to come up with new ways to steal our information. I definitely believe that if the consumer educates him/herself they will reduce their risks of having their identity or money stolen. I am going to continue banking online, but I am definitely going to be more adamant about checking my account statements, carefully authenticating who my e-mails are from and checking to see improvements made to protective software.
...only hear about the different ways that criminals are committing electronic fraud such as hacking in to somebody’s computer and stealing their credit or debit card information. There are also cases where peoples identities have been stolen and whole other lives have been built on them by another person. It all started with check fraud and although it’s not talked about as much anymore, it is still a very large concern for most business owners and people like you and me. The tips that have been provided for us can help protect us from fraud, but it is up to us to take the extra steps to prevent check fraud. We cannot sign up for check fraud protection the same way we could for credit or debit card protection or to help protect ourselves from identity theft. There are processes in place to help us once we’ve experienced check fraud but it is up to us to avoid it.
Identity theft is a term used for describing criminal that uses individual’s identity without consent. A common crime of identity theft would be identity fraud. Many of the crimes are regularly connected with money-related issues (Reyns, 2013). With technology being commonly used nowadays we are getting more dependent on it for business, financial, medical, and other forms. As a result this became a target for identity thieves as well. The Internet provides us information and accessibility, but information being stored on the Internet eas...
This issue can really affect people more than you think. Sometimes if you’re a victim of this you may not even get your money back. If you’re lucky you may get your money back, but you would have to wait a long time. As I said above the average amount of money stolen per theft is $4950. This money could easi...
In simple terms, identity theft is the intentional use of someone else’s identity. Using another person’s identity is normally used as a method to gain financial advantage, or to obtain credit or other benefits in the other person's name. This occurs when a credible identity is created for one’s self by illegally accessing credit cards, financial records, computer systems or other personal identifying information. Unfortunately, utilization of a false identity is at the other person's disadvantage usually causing a loss. In the modern world, there are many ways this identifying information can be stolen; however, there are steps that can be taken to prevent such things from happening.
 Phishing ultimately leads to identity theft, by using a fraudulent e-mail that appears to be from a legitimate business. These authentic-looking messages are designed to fool recipients into divulging personal data such as account numbers and passwords, credit card numbers and Social Security numbers. (Russel, K. 2004). The information gained from can be used to make purchases of exorbitant amounts, withdrawals from accounts, which leads to the loss of funds from banks and different
Have you ever received a credit card bill at the end of the month with a ridiculous amount of money needed to be paid that you never spent? This is because of identity theft. The FTC estimates that each year, over 9 million people are affected by identity theft. According to Sally Driscoll, this is because almost anyone with a computer and a slight bit of computer knowledge can pull off identity theft. Experts also claim that identity theft is the fastest-growing crime in the world. Identity theft is a global problem that cannot be stopped without effective measures. The problem is, effective measures are very hard to come by when dealing with identity theft because almost any security protocol can be by-passed.
According to Paige Baltzan, there are two methods criminals use to steal one’s personal identity (2013, p. 294). One of these methods is phishing. This occurs when the perpetrator steals the victim’s personal information by using fake emails, which commonly ask for personal details (Baltzan, 2013, p. 294). Unknowingly, victims often think these emails are legitimate, and reply with personal information. Once they have replied, the perpetrator has captured their personal information. The second way identity thieves capture information wanted is by pharming (Baltzan, 2013). This method reroutes victims from legitimate websites to false websites (Baltzan, 2013, p. 296). The same concept applies ...
Every day, citizens are constantly losing money and being victimized due to these fraudulent activities. Cyber crime, including fraud, identity theft, stalking, and hacking, is a growing problem that can be prevented by taking the proper precautions. The biggest cases of cyber crimes are cases of fraud. Online fraud comes in many forms. It ranges from viruses that attack computers with the goal of retrieving personal information, to email schemes that lure victims into wiring money to fraudulent sources” (What is “online fraud”).
The Internet is a connection of computers across the world through a network. Its origin dates back to the 1960s when the U.S Military used it for research, but it became more available to the public from the late 1980s. The World Wide Web was created in 1989 and browsers began appearing in the early 1990s. Over the last 24 years, the Internet has enabled people to shop, play, do research, communicate and conduct business online. It has also become cheaper and faster in performing different tasks. As much as the Internet has done immeasurable good to society, it has also dominated people’s lives and brought with it an array of cybercrimes. According to Nicholas Carr in his book The Shallows: How the Internet is Changing the Way we Think, Read and Remember (Carr, 2010). He debates on whether the Internet has done more harm than good. People use the Internet daily to exchange accurate information and constantly personal data such as credit cards, passwords and Social Security numbers are travelling through the network from one computer to another. With security measures put in place on the Internet, personal information remains confidential. But unfortunately, criminals have adapted to innovations in technology, and today, more people are increasingly becoming victims of cybercrime. The Internet has had profound effects on the public, both positive and negative. In this paper we will examine how access to personal information has led to an increase in online and offline crimes. The essay will particularly focus on ecommerce and hacking.
An individual’s personal information was always at risk when it came to dealing with people that practiced identity theft. Common places where people inputted personal information were at online stores, retail stores, and the most common social media. For example Facebook, Ebay, and other online websites requested personal inf...
Communication modern technological tools that have been enhanced by Information Technology are having an impact on changing the very structure and communication of banking. That is, clients are enabled to make their banking transactions whenever and wherever they want. Bank clients, by just logging on their online account, can transfer any amount of money from their account to any other account, check their last processed banking transactions and apply for loans and other banking services. According to Keyes ( 2000, p.591) 'electronic checks provide consumers with the benefits of convenience and safety while allowing billers to maintain their existing depository relationships with their banks'. Further, e-mails has enabled bank employees to notify their customers of any new enhanced bankin...
...ing the first half of 2007 has revealed that the study found the banking industry as soft target for phishing scams in India.
Online identity theft is defined as any crime by which the offender ‘steals money or gains other benefits by pretending to be someone else’ (Australian Scam watch website, 2014). Online identity theft often involves the fleecing of a person’s personal information, such as their name, age, birth certificate or banking details. Criminals can take advantage of this information in many different ways, ranging from using their victims credit card details to make purchases, all the way up to using their entire identity to open new bank accounts, withdraw ...
Millions of people around the world use computers and the internet every day. We all use it in school, work even at home, computers have made us life easier, it has brought so many benefits to the society but it has also brought some problems and cybercrimes is one of them. “The times have really changed,” said Greg Garcia, the department’s assistant secretary for cyber security and communications. “We’re seeing now phishing, farming, botnets … war dialing and domain server spoofing. And we’re seeing coordinated cyber-attacks against nation states.” (Fowler 5) Cybercrime is one of the most prevalent and most popular rising crimes being committed today. This is criminal activity done using computers and the Internet. There are millions victims around the world everyday who face these problems. Most people become victims of these at one time or another, but there are ways to avoid or deal with cybercrime by protecting yourself appropriately. I also was one of those victims who faced a similar problem. This unfortunate truth forces me to understand that computers and the Internet have made our lives easier in many ways. However, it is unfortunate that people also use these technologies to take advantage of others through identity theft, hacking attempts, and malicious use of software.
The first online banking system was created in 1980 in New York, and was adopted by four main banks; Citibank, Chemical, Manufacturers Hanover and Chase Manhattan. The sector needed an innovation in banking systems because of growing consumer demand for service improvements as well as fear of losing market share. In the beginning, online banking was treated at private customers and small companies, to help customers have easier access to their bank accounts, however, now it achieves a global reach through the population. (Cronin 1997) In today’s world, electronic business (E-business) is very important especially for the banking system, plays a fundamental role in online banking (Nasri 2011). A true definition of online banking is difficult, because this system is connecting with different services which are constantly evolving. Access to online banking is possible through the internet, phone or even television. (Daniel, 1999; Mols, 1998). This ‘open system’ is available to the customers twenty four hours a day, seven days a week. This is a multi-level organized system, which helps people pay bills, check credit cards or even arrange mortgages without leave their houses. (Singer 2012)