In the past several years, technology advancement has made individuals identity more susceptible to be stolen. I find this topic to be very interesting because I have had my identity compromised. Several years ago when I was nineteen I was completing credit reports on several popular credit reporting websites. Each time I would finish answering the questions and putting all of my personal information into the website I would be directed to another questionnaire where I would be asked to list properties that I had owned, if I lived in a certain location, and if I knew certain people. I did not know any of these locations or individuals that the website would list. Being nineteen and naïve I would just take the incident as something being wrong with the website or just a minor error on my part. A few months went by I was filing my taxes like the year previous. I had no problems occur and everything seemed to be good. About a week later I was at work, and the Internal Revenue Service had called. I was extremely nervous. The IRS had called to tell me that my identity needed to be confirmed. I thought this was really strange. So while this was going on my tax return was just at a standstill. I was so aggravated, between the calls with my tax preparer and the IRS, I thought it was never going to be resolved. During this time, my bank had been trying to reach me, but the bank had the wrong information on file. One day I was sent a letter in the mail that informed me that my last
There is a thief that lurks around us everyday; this thief can attack in brad day light or in the darkest hour, and just about anywhere you may find yourself. This thief has the power to act in your name, make unlimited purchases, open up credit accounts and ruin your good name and credit all in the matter of seconds; if you are vulnerable enough, you might become his next victim. In many cases all he needs is your name and a social security number, and he has enough information to make you his next victim; if you don’t believe me then ask the millions of Americans that became victim’s, or just ask me. The thief that I am talking about is identity theft. Identity theft is a
In 2014, there were an estimated 2.3 million cases, a twenty-two percent increase from the previous year (Andrews, 2016). According to the Federal Trade Commission, identity theft complaints have also increased by more than 47 percent since 2014 and it was the second most reported crime after illegal debt collection. (“FTC Releases Annual Summary of Consumer Complaints Debt Collection, Identity Theft, and Imposter Scams Remain Top Categories of Complaints Received by FTC in 2015”, 2016) “The 2017 Identity Fraud Study, released by Javelin Strategy & Research, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016, compared with $15.3 billion and 13.1 million victims in 2015. In the past six years identity thieves have stolen over $107 billion.” (“Identity Theft and Cybercrime”,
Figuring out if an identity is stolen is not easy only because it can be unknown until damage is dealt. This is why identity theft isn’t easy to stop. When most people report a crime, police arrive on the scene before serious damage is dealt, but when a thief steals a person’s identity, the victim can be unaware for quite some time before they realize the amount of money they lost. According to Tracey Whittaker and Anne Dilascio, in 2003, the average money lost from identity theft per person was $4,789, but in 2006 the average was less than $2000. The average out-of-pocket cost of identity theft victims in 2005 was
1. Case Study: “Don’t Let Crooks Steal Your Identity: How to Protect Yourself-and Your Credit Rating” (p. 225)
Identity theft is a significant problem to both citizens and financial institutions. The FTC estimates that over 27.3 million Americans have been the victims of identity theft in the past five years. The
My grand mother had her identity stolen once. We found out the elderly are a common victim of identity theft. An entire year went by before she knew her identity was stolen and the only reason she found out was because she found out she was missing money from her account each month to the point that her mortgage payment was not being paid in full each month. She was under the impression the bank took care of everything, her husband was taking care of the finances but he passed away so everything started to unravel. Once she found out she owed the bank a lot of money toward her mortgage and was very behind on payments. She never found out who did it, had to get all new cards and numbers, and is still paying for it today.
I must admit that I had no idea how much access to my personal information other individuals have. Usually when you sign up for a specific website it is easy to believe that you are protected, and that it is private. Reality is that other people may have access to it and the thought of it is pretty scary. Identity theft has become a terrible but not unusual crime lately. A couple months ago I received a call from “Bank of America,” asking me for my personal information including my birthday and my social. I immediately hung up because I knew it was a scam, BOA never makes those calls they usually just send a new card in the mail if necessary. This past weekend I experienced another interesting incident. My father picked up the mail like he
Implying limitations to technology is a very big step, its effects won’t be just limited to identity theft or psychology but also other serious issues affecting both the governmental bodies and the economy of a country. Considering the effects of technology limitations on identity theft are both good and bad. It may slow down the the crime rate but not for long as identity theft is a crime that existed since many centuries. Moving on to its effects on psychology, then there is authentic evidence that shows that technology helps a patient suffering from any psychological distress. A person who is affected by identity theft, usually stops using technology as he/she fears that they might get their identity stolen again. This makes the person
In the US, identity theft is a non-stop growing trend. “Identity theft occurs to about 11 million Americans per year, resulting in some $54 billion in loses, according to a February 2010 study by Javelin
Identity theft is one of the most pervasive and rapidly growing criminal activities in America. It is also one of the most devastating crimes for victims. One of the most common forms of identity theft is credit and debit card fraud. Credit card fraud not only exposes private payment information to thieves, but possibly the cardholder's name, address, and social security number. A 2003 survey from the Identity Theft Resource Center found that approximately seven million people were victims of identity theft over the previous 12 months. 73% of respondents indicated that the theft of their identity involved the unauthorized use of their credit card information, while only 15% of these victims find out about the theft of their credit
There is currently a huge growing number of criminals that now do greater and more widespread damage to their victims without ever meeting them. Identity theft surfaced in the early 1990s and turned peoples everyday transactions into a data gathering game. Bits of personal information such as bankcards, credit card accounts, income, social security numbers or just someone name, address, and phone numbers are now collected and could be used illegally by these individuals without anyone’s knowledge.
You come home and find two mysterious UPS packages at your doorstep. Funny; they're addressed to you, but you didn't order anything. You open one of them to find a cell phone with the latest accessories. The enclosed invoice shows that it was shipped to you but billed to someone with your name at another address a few miles away. Same name? Same city? Stranger things can happen. There's a phone number, so your husband tries to call to let your namesake know that UPS delivered her packages to the wrong address. When you hear the woman on the line say, "Yes, this is [insert your full name here]," you get a sinking feeling in your stomach. Your husband quickly hangs up on her. Another review of the invoice
Today we live in a society where people can’t be trusted no more, due to the increase in identity theft and money theft. People are afraid to get their identity stolen, because the person that steals the identity from someone else is not up to no good for example they could be up to illegal activity. Same goes with money, people that have worked hard for their money can have all that taken away in a couple of minutes. At this time and day people are getting way to creative in finding ways to steal from people without them knowing. They're using different strategies to steal people’s identity and money, some of those strategies they use have to do with the advancement in technology of our time. They use many technological methods to steal from people, from small devices to huge banking hacking networks.
“Identity theft: the fraudulent practice of using another person's name and personal information to obtain credit, loans, etc.” In 2014, there were around 95,000 reports of identity theft in the UK alone. However, that enormous figure rose even further in 2015 to a spine-chilling 148,000 - causing identity theft to rise by 58% in one year alone. Someone new becomes a target every day. Every day, someone loses their individuality. Every day, someone gains an online twin. These so-called
How do you secure your identity with the Internet developing faster than can be protected? Attempting to stay ahead of the hackers and attackers has been a contentious effort since the Internet’s earliest days as a research project. Today, after thirty years of prolific development, security concerns have only increased. Designing computer systems and devices which are capable of resisting attack from within, while growing and evolving at an epidemic rate is almost an impossible endeavor. Today, identity theft is the nation’s fastest growing white collar crime and preys upon the financial resources and reputations of its victims to include children and deceased. In many