Theories and Trends in Identity Theft

2054 Words Jan 31st, 2018 8 Pages
The work has first defined identity theft as basically the act of impersonating people so as to gain access to their financial statements. On the other hand, some theories and concepts explain the origin of certain behaviours and acts like identity theft. These theories include social systems theory and theft identity theory. There are trends in this type crime that are worth noting and UK is a good reference to this trend. The crime also has some effects on businesses and consumers that must also be put into consideration. Some case studies like Nigerian and Romanian examples have acted as points of references for identity crimes in the online business environment. Finally, the report has given certain recommendations on how to reduce the incidences of online identity theft.

2.0 Introduction Identity theft is the impersonating of an individual mainly for financial benefit. It results to a person loosing their personal data like passwords, banking information, user names and credit card information (Savirimuthu A & Savirimuthu J 2007). It is basically an online theft or crime. This type of theft has resulted because the modern business environment is online oriented where people leave their important personal information like name, address, cell number, phone number (OECD 2008). If a cyber thief is able to hack such information, then he or she can use it fraudulently. These thieves have been using social…

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