While looking through the Bureau of Statistics Website, I came across the Victims of Identity Theft, 2014 Bulletin, where I found some interesting statistics. 7 percent of all U.S. residents aged 16 and older were victims of identity theft, thats 17.6 million persons. Out of the 17.6 million people, about 8.6 million people had their stolen credit card info used or an attempt was made to use the info in various ways. Which is up 7.7 million victims in 2012. Females were targeted more than males (9.2 million vs. 8.3 million). By race percentages of group targeted were White ( 13,264,100, or 8%), Hispanics/Latinos ( 1,789,800, or 4.9%), Black/African American ( 1,407,700 or 4.7%). The largest age bracket hit was 50-64 year olds ( 5,061,100
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.
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
Identity theft is an issue faced on a daily basis for those that are living in our wonderful state of California. For some it is common knowledge to protect your identity but for those that are not familiar with the practices of these common crooks, will cost a lifetime of savings and irreparable damage to ones credit and finances. According to the California Office of Privacy Protection, “there were more than 11 million victims of Identity Theft in the
My Mom was actually just recently a victim of identity theft, a couple weeks ago she got a call from her bank questioning some charges that had been made in New Jersey around the same times she had made charges in Toledo, where we live. Obviously my Mom told them they were fraudulent charges because she’s never been to New Jersey so the bank put a freeze on her account. They think someone had gotten her account number by putting a magnetic strip at a gas pump she had used somewhere. It took about a week for her to get everything straightened out, she had to cancel her card as well so it took 10 days for her to get a replacement..it was a big hassle.
There is growing concern about identity theft There is growing concern about identity theft
Our government is doing a better job of assisting citizens when it comes to identity theft but there is much more to do. Below are my findings.
A. Opening Device: Good Evening ladies and Gentlemen I want to talk to you about one of the fastest growing crimes in America that has affected millions of Americans. Please raise your hand if you carry a wallet or a purse. Now raise your hand if you have a credit card or a social security number, everyone here today is at risk for identity theft.
The method of Identity Theft that surprised me the most was the Childrens Identitity theft. I have never thought about this before. We have three daughters, with the oldest starting College in just a few years. We have always been very careful with our information and online purchases. We have had our Credit Card Information stolen a few times over the years, but have benn fortunate to notice it right away and get it cleared up with our Bank. We also get a credit report on both of us each year to keep on top of our records. However, the thought that someone to could steal my daughters information never crossed my mind. Since watching all these videos I have requested a report through TransUnion. I have to admit that I felt verey hessitant to
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
Alberto Gonzales also recently announced a 20 country, 10 agency set of arrests which affected over 50,000 consumers of identity theft and they sent all the criminals that they caught to jail. No, this does not completely wipe out Identity Theft but all these things together; well it's a good start. Eventually with
Statista reported that 97% companies in the United states experienced malware attacks like viruses. Criminals often use these attack to steal information from corporations, business, firms, or individual and use if for a particular gain-usually financially. Identity theft is a common practice criminals use to lure and reel in potential clients through spam, social network, trojan, voice phishing, credit card, and many more. As society advance, so does the criminals; they use the power of the advanced technology to trap, while staying hidden from public view.
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.
In the course of a busy day, you may write a check at the grocery store, charge
Identity theft is on the rise in the United States and Globally. The Federal Trade Commission advised that there are about nine million cases of identity theft. People who had their identity stolen often feel like they were violated. Any individual can have their identity compromised in numerous ways. Different institutions store personal information. There are several organizations that have social security numbers, bank account numbers, and credit card numbers. Colleges and Universities have people personal information stored in their databases that could be hacked. There are several companies that offer options to people to protect their identity. Most credit card companies offer the option of identity
In July of 2014: A Missouri man by the name of “Terry Lee Morrow Jr,” was convicted of stealing the identities of his customers who frequented his car dealership. He was sentenced to fifteen years in prison for his crimes in which have been labeled as the largest identity theft case in “Missouri.” Mr. Morrow operated “Edge Auto Sales,” and he would use the information he acquired from people who bought his car’s as well as those who simply applied for