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Identity theft has always been possible, but the internet and technology have made it something that can often be accomplished far too easily. According to Hoar (2001), identity theft is the "crime of the new millennium." Stealing someone's identity can cause them countless problems, thousands of dollars, and literally years to correct. Problems are not limited to credit reports, either. Some people even file tax returns using the social security numbers of others. They get big refunds from the government, and when the real person files his or her tax return, the federal government rejects it, saying that person already filed (Hoar, 2001; McFadden, 2007). Naturally, that can be a huge issue for anyone who has to find ways to sort that out. Just telling someone they were the victim of identity theft is not enough. A police report should always be filed, and often there are many steps which must be taken in order to prove which person is the "real" person with that name, social security number, and other information (Measuring, 2011). It is not easy to correct identity theft, and it is also not easy to restore...
Some businesses, especially in border states, unknowingly hire illegal aliens who have stolen social security numbers and other information from those who are here legally. These people often do not pay taxes, but they do make money and receive other benefits. The business can get into serious trouble if this is discovered, even if the business had absolutely no knowledge that the person it hired was an identity thief or was using someone else's identifying information illegally. Businesses also try to stop identity theft by asking for identification when customers use a credit card, and taking other precautions to ensure the person's information is correct and actually belongs to them (Hoar, 2001). This takes more manpower and more time, costing the business more. That cost is sometimes absorbed, but it is usually passed along to the customer. In that sense, identity theft costs everyone money because the prices at businesses…
References
Hoar, S.B. (2001). Identity theft: The crime of the new millennium. 80 Or. L. Rev. 1423
McFadden, L. (2007). Detecting synthetic identity fraud. Bankrate.com
Measuring the black web. (2011). The Economist.
Olmos, D. (2009). Social security numbers can be guessed from data, study finds. Bloomberg.
Spyware runs automatically without the user's knowledge and transmits vital information. Spyware can also record your keystrokes and one might end up revealing all usernames, passwords and other details to identity thieves. (Atlantic Publishing, 2008); (Schwabach, 2005) Identity thieves have also found novel ways to steal and use identities. For instance, cyber criminals recently hacked Facebook, a popular social networking site, and changed a user's page asking people to help
Identity Theft: Managing the Risk Management What's New for the Future of Identity Theft Prevention In this paper I examine the basics of identity theft in today's age of widespread and accessible information. The fundamental problem is that while information technologies continue to make aspects of our lives as simple as "point and click," they tend to make certain forms of crime equally simple. The internet, in particular, makes information not only
Once your personal or financial information has been compromised, it may take months and even years to secure them again. This may involve filing fraud case with your bank, information everyone about your stolen SSN and generally avoiding credit cards or debit card transactions. This is indeed a major problem getting one's identity and peace of mind back once it has been compromised. For this reason prevention is the
Of course, most people will call their banks, credit card companies, and other institution at the first sign that identity theft has occurred, but what happens to those victims who do not realize it immediately? People need to be aware of what identity theft is, how it is committed, what can happen when such information is stolen, and what should be done when identity theft has occurred. It is not
Consumer Beware: The Growing Problem of Identity Theft American consumers today are increasingly concerned, with good reason, about how to avoid joining the ranks of unfortunate millions who are already victims of the newest, most widespread national financial crime: identity theft. According to the web article "The Crime of Identity Theft": It can happen to anyone. The phone rings and a collection agency demands that you pay past-due accounts for goods
identity is a means of classifying an individual when it comes to private matter and the government. How a government identifies someone or an institution, is through the use of an identity card. An identity card has a serial number and a picture that helps law enforcement, government agencies and other organizations identity an individual for potential jobs, loans, and even for medical care. However there are some issues