Cybercrime: The Latest Ways of Stealing Identity and Money

Identity theft is the stealing and use of someone’s personal information and is one of the fastest growing crimes in the nation (Dole, 2005). According to Federal Trade Commission estimates, identity thieves victimize approximately 10 million Americans every year at a cost of an astonishing $50 billion (2005). Identity theft has been going on for years now and is easily done with the help of today’s technology. According to the Federal Trade Commission, there are six common ways that identity thieves get a hold of personal information. The varieties of methods that are used are dumpster diving, skimming, phishing, changing the victim’s address, stealing, and pretexting (Federal Trade Commission). Once someone’s identity is stolen,

According to the Federal Trade Commission Identity theft is the fastest growing crime in the United States of America. They estimated that 10 million people a year are victimized by the crime which comes out to about 19 people per minute are becoming victims of this crime. Given these extremely worrying statistics it has never been more important to be informed about the crime of identity theft and how to avoid it in your daily life especially as more schemes and ways to unknowingly forfeit your information are introduced with the prevalence of the World Wide Web (www, w3). More than just knowledge of the crime of identity theft it is also important to know what protections you can set to help protect your information. Also, given the amount of businesses and organizations, and the various vulnerabilities that their systems may have, that must have access and know significant information about your life it is also invaluable to understand how to recover from your information being lost. This paper will be used to inform about this growing crime including what identity theft is and the different types that exist, what information is most important to protect, what you can do to avoid it, how to recover from it and what that may entail, and how this applies to the field of computer science and what should be looked for when building systems, and different kinds of attacks that can happen.

Cybercrime has experienced significant progress during recent years, as its advance is directly proportional with the advance of technology. In spite of the fact that the authorities devise new and better strategies to fight cybercrime, the fact that the number of people online is constantly increasing means that cybercrimes occur even more frequently. Dishonest people who seek opportunities have discovered how the internet stands as a perfect environment for them to commit crimes by taking as little risks as possible. Computer fraud generates a series of benefits for the person committing it, as he or she can either profit financially from the enterprise or can simply alter files in order for his or her image to be positively affected. Identity theft is a major form of cybercrime and it is essential for society to acknowledge the gravity of the matter in order to be able to effectively fight against criminals using it.

new advances in the electronic technologies during the past decades have administered a new wealth of criminal activity. Software like Computer viruses, malware, software privacy, spam and etc. Technologically savvy artist replicate websites, so when a person's online activities occurs in a virtual world it can be compromised.Many times Cyber intrusions rely on human interaction and it often involves tricking people into breaking security procedures.

If there is nothing done about cyber hacking, money, and important resources will be stolen from innocent people trying to live a successful life. “Cyber-crime units exist within local, state, federal, and international law enforcement agencies. The Federal Bureau of Investigation (FBI) plays a critical role investigating crimes committed through the Internet” (Dingwell).

It’s no secret, the internet sensation has made many people redundant, however, over the past decade this global phenomenon has seen the birth of over 1.2 million jobs, dawning a new era for humanity. With rapid developments occurring in the design, development and implementation of technological discoveries. Traditional legal principles and processes are constantly challenged by the need to keep pace with new technologies. in particular, identity theft has skyrocketed since the rise of the internet; a 2012 survey conducted by the Australian Bureau of Statistics revealed 7% of respondents were directly affected by identity crime in the preceding six months. Identity theft not only affects Australian citizens it’s also a cancer to national security, in order for the government to beat this epidemic it’s imperative that harsher punishments are imposed on cyber criminals.

The internet has brought upon a new revolution of global interconnection where contacting someone on the other side of the world is just a click away, but with this international phenomenon comes an increased susceptibility with unfamiliar technology. Internet crime is compiled of all non-physical crime with the aid of a computer. Although broad in definition internet crimes are largely composed of acts such as cyber fraud, ‘phishing’ (username and password hacking), cyber stalking and hacking. Internet crime does not pose an overwhelming issue in society in terms of its

Over the past twenty years, the Internet’s role in our lives has grown to an everyday necessity. We rely on the Internet to communicate within the scope of our employment and social lives, to conduct our banking and bill paying, we even use it to track our personal property. There is hardly one area of our lives that we can not conduct over the Internet. While the Internet is a convenience that has made our lives easier, it has also opened the door in our lives to a vulnerability that is rapidly being exploited by cyber criminals. Cyber crimes are growing at an exponential rate in the United States and we, the consumers/end users are unaware of the liabilities a simple click on the wrong button can cause. This paper will

Identity theft is one of the fastest growing cybercrimes being conducted in today’s society. It is almost impossible to detect until it is too late. With the advancement of technology it can happen from anywhere in the world, from a remote village in Vietnam to the computer smart kid that lives down the street. And it is being done with as little as $40 dollars in equipment, which is turned into millions of dollars in theft and return. The procurement and safe keeping of who you are is a not a tough battle, and

The Internet is undoubtedly one of the most provocative sociological and psychological phenomena. Often the Internet says that it links all those fallen communicators who cannot cope in the real world. Socializing and surfing online space does not pass without leaving a trace. Each user provides information about themselves, sometimes as a condition to be able to access the required application, when consciously accedes to it, sometimes exchanging information with other members of the network, unaware that the network "remembers everything", that data remains deposited even when its removed profile. However, more often we are faced with data theft and identity by criminal hacker groups. Cyber security is a challenge that will have to be resolved

Identity theft portrays criminal acts through which the culprit deceitfully acquires and utilizes someone else's character. These unlawful act can be done by communication technology and utilizing data. Identity Theft done on the internet are to a vast degree based of profoundly complex tricks and it demonstrates the troubles that law enforcement organizations are confronted with when exploring such offenses. The techniques habitually utilized by guilty parties to get personal related information are different. Physical methods allude to storage devices in a computer with data containing personal information about an individual's identity. As indicated by a survey, it was highlighted the fact that there were more PC related offenses as to the burglary of confidential

The agencies employed by governments to police the web in order to protect the vulnerable have seen an increase in child pornography and online fraud. The speed at which information can be distributed and the number of people that can be reached attracts those that are intent on causing harm. The term “cybercrime” is becoming more widely used. The financial gains that can be made and the anonymity the internet can provide, make the virtual world of cyberspace a haven for criminals. Although the internet has huge benefits for information gathering and social networking, in the wrong hands it can cause harm to the vulnerable and criminals are able to vanish into the underground with the use of false identities that are hard to track online.

Internet privacy is the security of a user’s personal data that is stored or published on the internet. The internet is an important part of every individual’s daily life. In today’s society, the internet is used by many different people for many reasons. It can be used for research, communication, and purchasing items. Without the internet, many things that are completed during the course of a day would be impossible or take time to complete. As people use the internet, everything is stored in a database that tracks and keeps any personal information that is entered by users. As users continue to use the internet to complete important tasks such as purchasing items and paying bills, their privacy and security become at risk. Although the internet can be seen to have a positive impact on society, it does have a negative impact. Since the internet can be accessed by anybody it can cause a lot of damage. Examples of internet risk include identity thieves, phasing, and scams. Due to things such as online shopping, banking and other e-commerce options, personal information is stored in the internet enabling many cybercrimes to occur. Cybercrimes are very similar to any regular crime; the crime just happens to take place on websites for criminals to hack and steal user’s information for their own personal benefit. Cybercriminals tend to attack users based on their emails, social media accounts, and web history because the most history about an individual is stored in those sites.

For some individuals, hacking can be a hobby they like to undertake in order to analyze how many computers or the systems they can gain access to. While hacking seems harmless, there are those who do this vice maliciously so that they can get access to customer/ client information, the details of credit cards, their passwords, email addresses and identity fraud (Riem, 2001). Having this unauthorized access to these information warrants an arrest, and should the criminals be found, they are liable for their crimes.

Cybercrime has become a fast growing concern for the 21st century as businesses, institutions and individuals grow into an interconnected web of computer networks. Online business transactions, along with the sharing of personal information, are vulnerable to a host of disasters that can reap economic and social havoc. Some sources say that today, cybercrime costs more than $1.0 trillion to society--Global Industry Analysts, Inc. forecasted the world cyber security market to reach $80 billion by 2017 (Gale, 2011).