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The impact of online identity theft
Identity theft shapes our society
Disadvantages of identity theft
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Businesses across the world lose a staggering $221 billion a year due to identity theft. Businesses are prime targets because they require personal information from their customers, employees, etc., to maintain their enterprise. One third of money lost is in USA alone as the prevailing payment transaction system is highly vulnerable. If information such as names and addresses, credit and debit card numbers or other account numbers falls into the hands of an identity thief, the consumers, business, as well as all businesses associated with the compromised information, could suffer endless financial repercussions as well as damage to their reputation. The effect of credit card information theft is generally very severe on the societies. In many cases, the individuals who fall victim such thefts undergo depression due financial losses which he could not recover for a long time. If the frequency of such incidences becomes very frequent and common in the society, the whole society is adversely affected (Douglas King, 2014)
While laws exist to protect credit card holders, many feel that credit card companies and those entrusted with credit card information are bound to respect consumer’s right of privacy, keep their information secure and use principled marketing practices to secure new customers. The consumer’s decreasing confidence in the prevailing credit card transactions in United States has affected the thinking and attitude of almost every adult and potential consumer in the society. In societies where theft of personal information becomes common, people become very shaky. Whenever they need to render some information, even if it is for some positive purpose they feel very under confident due to fea...
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... Heather Long, 2014, Why is the US a Decade Behind Europe on ‘Chip and Pin’ Cards?, Guardian - http://www.theguardian.com/commentisfree/2014/jan/27/target-credit-card-breach-chip-pin-technology-europe
Chelsi Lee McClellan, LBST 499: Geeks Bearing Gifts, May 6, 2008 - The Impact of Identity Theft on Society
JPMorgan Chase & Co.. N.p., n.d. Web. 13 Mar. 2014 - "Supplier Anti-Corruption Compliance Policy." http://www.jpmorganchase.com/corporate/About-JPMC/supplier-anti-corruption-compliance-policy.htm
ANDREW R, JOHNSON. "J.P. Morgan Adds Chip-Based Cards." The Wall Street Journal. Dow Jones & Company, n.d. Web. 13 Mar. 2014. .
EHOW, How Does Identity Theft Impact Human society-http://www.ehow.com/about_6293396_identity-theft-impact-human-society_.html, Retrieved on March 26, 2014
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...
Writing in the Writing Disciplines, 11(3), 387 – 396 Felipe, S. (2010). Social Security and ID theft. New York Publishers, 1 - 125
Identity theft is no new problem in our world. It has occurred for decades and only grows more popular with criminals. Due to our world’s expanding technology, identity theft is becoming easier to commit and harder to detect. Luckily as the criminals technology becomes more advanced, so does out justice system’s technology to help fight the crime. The number of criminals that engage in the fraud and thievery will only grow due to the lucrative nature of the crime, but also will the forces that are established to stop them. This white-collar crime will gain more attention and therefore more laws will be passed to protect the public from becoming victims. With the use of laws, task forces, and the education and awareness of the public, identity theft will be given more attention and focus to hopefully deter future threats from occurring.
The primary use of stolen identities is for credit card fraud which can occur by an offender placing charges on a victim’s existing cards or by opening new accounts in his or her name. A common activity for these fraudsters is to change the billin...
credit or debit cards accessible in one easy location and it’s even got the extra security of the
The Internet plays the biggest role in identity theft. On the Internet, a thief can hide from detection while stealing peoples’ identities from their homes, being able to steal peoples’ information one by one “then disappearing into another identity,” (Vacca 60). Internet fraud consists of two phases. The first being spoofing where a fake site is set up made to look like the real thing. Once that is completed the second phase, phishing, begins. This usually starts with an email that uses the
Your identity is unsafe in more places than you may realize. Every store you walk in has the possibility or either having someone behind the counter, or someone hacking into a business from outside, readily waiting to steal your identity. Using your credit card in any store is never safe no matter what signs are posted around the store, or how big the company is; it’s not always the people who work there that want your identity. The article Identity theft growing, costly to victims in The Arizona Republic, J. Craig Anderson ...
The digital era arrives. Blue Book information editorial board and Social Science Literature Publishing House (2010) pointed out that “China's e-commerce transaction volume reached 3.85 trillion yuan in 2009”. Utilisation of e-business services was also high amongst Hong Kong people. About 98.3% of all persons had used e-business services such as Octopus Card and Automatic Teller Machine (Census and Statistics Department, 2009). One of the pitfalls for the development of e-business, however, is the concerns on consumer privacy. According to Green’s (1999) survey, 54% of respondents had decided not to purchase a product because of a concern on overuse of personal information collected in the e-business transaction. This essay examines the circumstance on protection of consumer privacy in e-business. As e-business is surging by astronomical number and consumer information is a kind of property, the protection of consumer privacy in e-business becomes significant. This essay begins with the causes of the problem, and then move on to analyse the effects. Lastly, the essay concludes with the solutions to the problem.
"The Cost of ID Theft, Part 1: Beyond Dollars and Cents." Commerce Times: Business Means Business. N.p., n.d. Web. 18 Nov. 2013.
Sullivan, C. (2009). Is identity theft really theft? International Review of Law, Computers & Technology, 23(1/2), 77-87. doi:10.1080/13600860902742596
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.
In today’s world, a Smartphone has become essential part of daily life. There was a time when transactions happened through barter system. Thereafter was the emergence of notes and coins. And presently, the world is moving towards the “Digital Wallet”. Due to technology, mobile users can use their Smartphone to make money transactions or payments by using applications installed in their phone. Digital wallet system is an essential part of electronic commerce. E-commerce provides the capability of trading on the internet. A digital wallet is a virtual service used as a substitute for physical cash. The present study tries to study the various factors that can affect a consumer’s
III. Thesis Statement: Identity Theft is rapidly becoming a national issue because anyone of us could be a victim of identity theft. How we protect our self, keep our information private, identify any signs of identity theft, and report and repair our credit is up to each one of us. We have to be vigilant about our protecting ourselves from criminals.
Web. The Web. The Web. 25 Jan. 2014. Dyke, Van, and Albrecht W. "Identity Theft.
Instances of property crime have a tendency to fluctuate particularly when the economy is in a state of decline; however, a report just released by the FBI claims property crimes have decreased based on averages taken from reporting agencies for the first six months of 2013 (Minegar, 2014). While actual incidences of property crime may have decreased the methods used in committing these crimes continues to change with advances in technology. Crimes like identity theft are reported regularly. Computer technology, the internet, and jurisdictional boundaries each pose difficulty in identification of person’s intent on amassing their fortunes by stealing from others. This paper will attempt to identify how taking is applicable in shoplifting cases, how security is trained to address these issues, explain what constitutes a home invasion, and why statutes have been implemented to allow home invasion to be considered a crime separate from other forms of robbery or burglary, and to clarify the definition of cybercrime as well as how the governments are attempting to combat it.