How Information Technologies Have Accelerated the Risk of Identity Theft

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How Information Technologies Have Accelerated The Risk Of Identity Theft Introduction The pervasive nature of the Internet and its many technologies designed to streamline the delivery of information, customization of the user experience, and enable pervasive integration of systems has created the most fertile environment of identity theft as well. From a myriad of technologies that can spoof or impersonate entire websites (Acoca, 2008) to intercept bank account numbers and passwords (Lai, Li, Hsieh, 2012) the threat of identity theft online is very real and growing. What makes this area of crime so difficult to battle against is the fact that many of these steps taken to steal identity information is often completely unknown by the victim when, were and how it happened (Shareef, Kumar, 2012). This makes stopping identity theft very difficult as it is often accomplished quickly and with no indication to a victim or anyone else (Schreft, 2007). The intent of this analysis is to define strategies for reducing the risk of identity theft online. Reducing the Risk of Identity Theft Online for Business and Individuals The paradox of information technology is that for it to deliver value over the long-term, the systems and processes require a continual stream of identifying information. This is the case with many ea-commerce systems that key off of a customers' account number, often including a reference within their systems to more confidential data including social

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