Preview

Identity Theft

Good Essays
Open Document
Open Document
887 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Identity Theft
Approximately 15 million United States residents have their identities fraudulently used each year with financial losses totaling upwards of $50 billion ("Identity Theft"). By the time one has fallen victim, their identity has already been stolen. Does this not make you wonder if you are not already one of the 15 billion victims? Close to 100 million additional Americans have their personal identifying information placed at risk of identity theft each year when records maintained in government and corporate databases are lost or stolen ("Identity Theft"). It is not a lonely life in the victim experience of Identity Theft. Many people do not realize that even the simplest of everyday acts make them vulnerable to identity thieves. There are …show more content…
“(Identity Theft Protection Tips”) To ensure files are secured, one must not post important personal information online. Also, one should change passwords to their accounts frequently and think outside of the box when it comes to thinking about said passwords to ensure no one can easily access the accounts. Establishing a secure lock on all of your personal and important files will consummate the needed security to keep thieves unable to access what you want kept private. Next, close all compromised cards and charge accounts. Once bank accounts and credit cards are compromised, they need to be eliminated and handled delicately. This is to confirm that the actual account holder is not aware of what is occurring within their account due to a lost or stolen card and will not be held responsible for any actions taking play after the report is documented. Another way to ensure one’s identity is still held firmly within their own grasp is to regularly check their credit reports to establish that no one is using your name for their own benefits nor your bank account for their own personal gain and thoroughly inspect their bank statements to clarify that all of the transactions, from withdraws to deposits, are correctly documented. If one should find themselves in a predicament as such, they have many options to chose from to report the identity crisis being

You May Also Find These Documents Helpful

  • Good Essays

    I have never been a victim of identity theft nor do I know anybody who has. From what I have read the resolution process can be long and painful mentally and physically. It could also take a very long time as in years if not caught in time. We would have to contact lenders and close out and dispute anything that was not of our knowledge. I believe then an investigation will start and if the person is ever caught then they can begin on recovering your credit and removing whatever credit was used without your knowledge. Any credit we knowingly used is…

    • 497 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Cm220 - Final Project

    • 3514 Words
    • 15 Pages

    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 United States in 2009, and more than one million of those victims were Californians…. (Office of the Attorney General, 2009)…

    • 3514 Words
    • 15 Pages
    Satisfactory Essays
  • Satisfactory Essays

    IS 4560 Week 1

    • 309 Words
    • 2 Pages

    Data breaches that could lead to identity theft, by sector - the danger of data breaches are of particular importance for organizations that store and manage large amounts of personal information. Not only can compromises that result in the loss of personal data undermine customer and institutional confidence, result in costly damage to an organization’s reputation, and result in identity theft that may be costly for individuals to recover from, they can also be financially debilitating to organizations.…

    • 309 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Courts

    • 350 Words
    • 2 Pages

    1ST SLIDE: Identity theft starts with the misuse of a person's personally identifying information, such as name and Social Security number, credit card numbers or other financial account information. For identity thieves, this information is as good as gold.…

    • 350 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Identity Theft

    • 599 Words
    • 3 Pages

    If you find errors on your credit report, what steps would you take to correct them?…

    • 599 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Credit Card Fraud

    • 729 Words
    • 3 Pages

    Credit Card Fraud is one of the biggest threats to business establishments today. Originally, credit cards simply carried raised numbers that were transferred to a carbon copy with a card-swiping machine. The merchant simply accepted any card presented. Spending limits and printed lists of lost/stolen cards were ineffective in preventing fraud and other financial losses. Merchants were required to telephone a transaction authorization center to get pre-approval of the transaction. The volume of telephone traffic grew too great, and more automated authorization systems allowed faster, easier, and verified transactions. Magnetic stripes on the backs of these payment cards started to appear and that allowed computers to be used at both ends of the call.…

    • 729 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Identity theft is an important crime in society today and it needs to be heavily enforced and prosecuted. According to Transunion.com, As of 2015, 9.9 million Americans are victims of identity theft, with an incident happening on average every 19 seconds. This proves just how important of a crime identity theft is and that it should be better protected and have harsher consequences. The legal definition of identity theft according to Dakota Family Bank and Foundations of Computer Society is “the fraudulent acquisition and use of a person's private identifying information, usually for financial gain.” Identity theft is in relation to the crime of stealing as if someone is committing Identity Theft, then they are taking the name of someone…

    • 928 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    We are now too dependent on our mobile devices to the point where we drop everything…

    • 717 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    Many people do not understand how easy it is for others to access information that could lead to identity theft. LifeLock revealed that “1 in 4 people have experienced identity theft”. Social security numbers are what identity thieves go after most frequently. Check stubs are…

    • 1179 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Identity Theft

    • 2479 Words
    • 8 Pages

    Thesis: One day you receive a call from your bank, stating you had just made a purchase for a random estimate of 5,000 dollars. But you did not go on a shopping spree. Your identity just has stolen. How secure is your identity? Do you ever wonder about your identity? Ways to prevent/protect yourself from identity theft and frauds.…

    • 2479 Words
    • 8 Pages
    Satisfactory Essays
  • Better Essays

    Identity Theft Effect

    • 3103 Words
    • 13 Pages

    A major growing problem within the United States is identity theft. Identity theft is the stealing and use of someone's personal information used primarily for monetary gain. I will elaborate on how identity theft occurs and I will describe what criminals can do with the information they obtain. I will also explain some of the prevention plans that companies have put into place to protect themselves and discuss how individuals can protect themselves as well. The Federal Trade Commission estimates that ten million Americans were victims of identity theft in 2002. 27.3 million Americans have been victims of some form of identity theft from 1998 to 2003. In 2004, merchandise…

    • 3103 Words
    • 13 Pages
    Better Essays
  • Satisfactory Essays

    Identity Theft and Terrorism are two major issues in America. Within the last 5 years identity theft has risen 50 %. Identity Theft is more than just credit cards; it can be social security fraud, medical fraud, driver license fraud and passport fraud. Everyone is in danger of identity theft at some point in their lives. In the aftermath of the terrorist attacks on 9/11/01 and continuing terrorist attacks and threats, the issue of the potential tension between worry and fear for one's safety and laws ensuring civil liberties and privacy has long been an important one for Americans. The fear of terrorism appears then to have led to a willingness among Americans to adjust some civil liberties in order to ensure greater security.…

    • 671 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Identity Theft

    • 2587 Words
    • 11 Pages

    Bibliography: "Identity Theft: What to Do If It Happens to You | Privacy Rights Clearinghouse." Privacy Rights Clearinghouse | Empowering Consumers. Protecting Privacy. Web. 25 May 2011. .…

    • 2587 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    Identity Theft In America

    • 1339 Words
    • 6 Pages

    Just last year, more than 9.9 million Americans were victims of identity theft which cost them about 5 billion dollars in all (“Identity theft is America’s”). An estimated 1000 people per say afre victimized by identity thieves (Lease). Identity theft complaint have doubled over the years and were the most common fraud complaint reported by American consumers last year (Identity Theft Most-Frequent Consumer”). The Bureau of Justice Statistic’s survey stated “victims reported losing a total of $24.7 billion in direct and indirect costs because of identity theft in 2012” (Morton). Each individual’ out-of-pocket expenses for victims can also range from a few dollars to a few thousand (McNally 22). Mental costs of identity theft include an overall sense of violation and confusion, lost time spent remedying the problem, and frustrations resulting from attempted recovery of identities (McNally 23). Identity theft can also cost people opportunity cost and impact image. A company may loss customers due to the information breach and a government may suffer public image if affected by a breach in security (McNally 23-24). Identity crime also leave a victim’s credit history in shambles which makes it difficult to apply for loan or cards in the future (Meyer 29). Additionally, identity theft also affects a widespread amount of…

    • 1339 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Credit Card Fraud

    • 515 Words
    • 3 Pages

    One way is that credit card companies are trying to help their customers have more employees to work full-time for fraud prevention. It helped a lot in the last three years. Many companies have also sent out millions of brochures to people in cities where identity theft is most common. Companies want to educate customers about credit card fraud and preventing this from happening because many people don’t even know that this type of fraud can happen. Some other little tips on how to prevent this from happening is sign your credit cards as soon as they arrive, carry your credit card separate from your wallet, keep a record of your account and credit card information, void incorrect receipts, destroy carbons, save receipts to compare with billing statements, open bills promptly and notify card companies in advance of a change in address.…

    • 515 Words
    • 3 Pages
    Good Essays