Disadvantages Of Identity Theft
Identity theft is one of the fastest growing crimes as the identity of an individual is available online for free and the layer of privacy and security on your identity is getting reduced dramatically and therefore results in tragic loss of information and damage to your assets and much more.
In “Identity Theft Handbook: Detection, Prevention and Security”, Martin T. Biegelman says that victims of identity theft usually discover identity thefts by receiving a notice by the credit card company or receiving the invoice of goods not purchased by the victim. Moreover, a person realizes that their identity has been compromised when they are being served with legal process, though they are not guilty (267). Biegelman stated in his chapter (Chapter 18) that to prevent any of these ill practices to continue on, credit card companies usually monitor unusual activities that may indicate any suspicion. In Chapter 12 of this very same book, Biegelman had written that “Every age group is affected by identity theft, especially teenagers”, however, he stated later on the chapter that teenagers are also the perpetrators of identity theft.
Keith B. Anderson, Erik Durbin, and Michael A. Salinger have said in their Journal, The Journal of Economic Perspectives (171), “Identity Theft is made possible by the nature of modern payment systems.” These days, online trades and shopping has been increased with significant numbers. Businessmen or online traders are providing goods and various
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396 Words | 2 PagesThis passage brilliantly lays out the necessary preventative measures one must take in order to protect themselves from identity theft. Identity theft happens when someone steals your personal information and uses it without your permission. Identity theft is a serious crime, as it can negatively affect the credit score, finances, or reputation of it’s victim. Below we will dive into the mistakes that can make people vulnerable to identity theft.
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213 Words | 1 PagesMedical identity theft happens when someone uses any or all of your personal information, such as your name, social security number, or even insurance number, without your knowledge to obtain medical treatment, equipment, or services. Medical identity theft can be committed by anyone. There are numerous steps you can take to avoid this problem. Make sure your computer is logged out, or that the screen is locked when you step away from your computer. That way any information that is pulled up will no longer be able to be seen on the screen.
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592 Words | 3 PagesThe type of medical treatment obtained by the identity thief can also prevent the victim from getting medical insurance or medical services themselves because, as far as the insurance
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Explain Why It Is Important To Safeguard One's Personal Protective Information
867 Words | 4 PagesIdentity theft is a crime in which a criminal obtains someone else’s personal protective information in order to commit fraud, deception or economic gain. In most cases an individual illegally obtains a person’s social security number and other identifiable data in order to make purchases and in severe cases completely taking on someone’s identity typically without that person knowing. Identity theft use to occur in the 1990s without the perpetrators getting into any trouble due to it not being a federal offense until 1998 when Congress made it a federal offense (Identity Theft, 2015). This paper will explain why it is important to safeguard one’s personal protective information and the issues someone can encounter if they are faced with identity theft.
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