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Everyone loves shopping online, you save time, not exactly money, but who cares when its holiday time, at least you won’t need to fight for a parking spot in the hectic malls. Growing up in merica’s technological day and age, almost everyone has a computer or at least knows how to operate one. !eople like the easy way out, and it has its benefits. "ear by year, things seem to get easier and easier. Therefore, people are getting la#ier. $ell, I say, goodbye %la#iness&, and hello %being aware of where you place those important documents&.
There’s very little you can do to prevent it, and you won’t know it’s happened to you until it’s too late. Identity theft is currently the fastest growing type of robbery in the 'nited (tates. $hen a person steals someone’s identification documents without them knowing, and uses their information, the crime is called %Identity Theft&. % bout one in five victims knows the identity thief as a relative, roommate, neighbor, or coworker, according to the )T* I+ Theft +ata *learinghouse report, says reporter Isham ,ones for -ealtor .aga#ine /nline.
There are two main types of identity fraud that enables people to steal your identity. They are financial fraud, being the most widespread including credit card, bank, telecommunications, tax refund, and several other types of scams. *riminal activity is the other type fraud that involves taking someone’s identity and using it to commit heinous crimes. %Identity theft accounted for 01 percent of the thousands of consumer complaints reported to the )T* in 1223. The )T* processes these complaints through *onsumer (entinel, an electronic clearinghouse available to investigative groups such as the )4I and the '.(. (ecret (ervice as well as to similar groups in other countries&, reports $aterline reporter *arole $. 4utler.
There are many laws that lash out against identity theft and help protect you against it, but it doesn’t seem like its scaring any of the criminals. I+ theft is still the number one crime in merica555
Identity theft can happen to anyone, and to avoid being put in a situation like this one you have to review your *redit report at least once a year. !urchase a shredder to shred all documents with personal information before throwing them away. 4e responsible over every bank statement, and keep them under close watch. +on’t send mail using your unsecured mailbox. 6ave your social security number changed if it is the same as your driver’s license number. +o not pre print your (ocial (ecurity 7umber on your checks. "ou never supposed to carry your (ocial (ecurity *ard in your wallet or purse. 8ast but not least, keep the items that contain your personal information in a confined place. In most Identity9theft cases, the victim often has to prove his or her innocence. %.ost new identity9theft victims expect the police, the credit
but who cares when its holiday time..ob in your name. )rank.or purchase. middle of paper . not exactly money.grantors. identity theft is defined as....aybe it should be that way : but it . using each new account as a reference for the next one. It may be the fastest growing white9collar crime out there. insurance information. at least you won’t need to fight for a parking spot in the hectic malls. your (ocial (ecurity number. This paper will attempt to more thoroughly define identity theft. to show the steps one can take to get their lives back on track. possibly tarnishing an honest person=s good name. The result is that identity thieves can run up thousands of dollars worth of charges or obligations all in your name. . $ith more than 3. $ith this number. and date of birth. 6undreds of thousands of people have their identities stolen each year.3 million people were the victim of identity theft. the credit9reporting agencies and others in high places to help them&. It will give examples of identity theft by examining the stories of -osalie !ugliese and . they can get a . or make a ma. It will show ways in which this very easily committed crime can be avoided. =when someone uses your name or personal information to open a credit account. si.com. bank account numbers.. ccording to identityguard.ari ..3 million victims of identity theft each year. . says past identity theft victim . Identity theft is when these criminals obtain and use consumers personal information such as credit card numbers.. over 3.ari )rank. They can apply for anything from cell phones to health insurance.= In our current society. This crime is identity theft. ccording to the )ederal Trade *ommission.ust as. they can do it repeatedly. Identity Theft In today<s society.mes in the country. and social security numbers to purchase goods or services fraudulently. take out a loan. They are able to do anything from open credit card accounts to open accounts and take out loans. $ith nothing more than your name. .ust isn’t. there is a white9collar crime that has greatly risen in popularity among criminals. nd if they can do it once. it is very important to know how to protect yourself from identity theft. it is very evident that identity theft is one of the fastest growing crimes in our country. Growing up in . It is . and in the extreme case that a person is a victim of identity fraud... if not more important to know what to do in the case that your identity is stolen Identity Theft Everyone loves shopping online. the only thing that can limit an identity thief is the thief=s creativity. $ith this basic information. you save time.
things seem to get easier and easier. and keep them under close watch. (ecret (ervice as well as to similar groups in other countries&. "ear by year. the victim often has to prove his or her innocence. I say.ust isn’t. "ou never supposed to carry your (ocial (ecurity *ard in your wallet or purse. !eople like the easy way out. There are two main types of identity fraud that enables people to steal your identity.ost new identity9theft victims expect the police. %Identity theft accounted for 01 percent of the thousands of consumer complaints reported to the )T* in 1223. !urchase a shredder to shred all documents with personal information before throwing them away. you Solving Identity Theft . bank. $hen a person steals someone’s identification documents without them knowing. 6ave your social security number changed if it is the same as your driver’s license number. almost everyone has a computer or at least knows how to operate one. goodbye %la#iness&. or coworker. %. . and you won’t know it’s happened to you until it’s too late. and to avoid being put in a situation like this one you have to review your *redit report at least once a year. *riminal activity is the other type fraud that involves taking someone’s identity and using it to commit heinous crimes. roommate. I+ theft is still the number one crime in merica555 Identity theft can happen to anyone. +o not pre print your (ocial (ecurity 7umber on your checks. There’s very little you can do to prevent it. being the most widespread including credit card. Identity theft is currently the fastest growing type of robbery in the 'nited (tates. reports $aterline reporter *arole $.merica’s technological day and age.. and it has its benefits. 6ave you ever gone to the store to buy grocery and didn’t have any money.(. an electronic clearinghouse available to investigative groups such as the )4I and the '. people are getting la#ier. 4utler. $ell. +on’t send mail using your unsecured mailbox. telecommunications. the credit grantors. says reporter Isham . keep the items that contain your personal information in a confined place.aybe it should be that way : but it . according to the )T* I+ Theft +ata *learinghouse report. and hello %being aware of where you place those important documents&. and several other types of scams. and your social security number. They are financial fraud. home address. the crime is called %Identity Theft&. % bout one in five victims knows the identity thief as a relative. )rank. The next month you go to *ircuit city to purchase a system for your car and your credit loan is turned down.ari . Therefore. neighbor.ones for -ealtor . 8ast but not least. the credit9reporting agencies and others in high places to help them&. The )T* processes these complaints through *onsumer (entinel. fter checking with E>uifax to find out why you were turned down.aga#ine /nline. and uses their information. but it doesn’t seem like its scaring any of the criminals. so you used a check to pay. tax refund. /n the check you had your name. 4e responsible over every bank statement. "ou never think twice that the person behind you is looking at you social and name. says past identity theft victim . In most Identity9theft cases. There are many laws that lash out against identity theft and help protect you against it.
)roposed fi$es tend to concentrate on the first issue--making personal data harder to steal--whereas the real problem is the second. . If you think this won't work. correlated and sold. impersonation leading to fraud.ur current culture. Those aren't reasonable re%uirements for most users.Identity theft is the information age's new crime. 'e impersonates a victim in order to deceive financial institutions into granting credit to the criminal in the victim's name. The first is the privacy of personal data. They've pushed most of the actual costs onto the merchants. They've developed and fielded an array of security technologies designed to detect and prevent fraudulent transactions. They're not hurting for business& and they're not drowning in fraud either. )ersonal privacy is important for many reasons. banks. They should not be able to demand that the user must keep his password secure or his machine virus-free. identity information is being misused to commit fraud. And almost no security centers around are trying to authenticate the cardholder. The posting of )aris 'ilton's phone book on the Internet is a celebrity e$ample of this. universities. government databases. forcing companies to secure personal information. we've seen several !solutions! to this problem" forcing companies to disclose when they lose personal information. -raudulent transactions have nothing to do with the legitimate account holders. The very term !identity theft! is an o$ymoron. They need to be liable for sending erroneous information to credit bureaus based on fraudulent transactions. Whether it is the books we take out of the library. these won't help. And it's surprisingly easy to get an identification card in someone else's name.riminals impersonate legitimate users to financial institutions. makes it easier for a criminal to impersonate his victim. . one of which is impersonation and fraud. we need to start with the basics. #nfortunately. That means that any solution can't involve the account holders. A criminal impersonates a victim online and steals money from his account. but the rise of information-based credentials gives it a modern spin. omeone's identity is the one thing about a person that cannot be stolen. 'e impersonates a victim in order to fool the police into arresting the wrong man. They should not be able to re%uire the user to monitor his accounts for fraudulent activity. . It doesn't take much personal information to apply for a credit card in someone else's name. The second issue is the ease with which a criminal can use personal data to commit fraud. most of us have personal data on third-party computers that we don't want made public. the Web sites we visit or the contents of our te$t messages. credit card companies and other financial institutions. forcing financial institutions to enhance their authentication procedures. Identity is not a possession that can be ac%uired or lost& it's not a thing at all. It's not that hard to conduct fraudulent bank transactions in someone else's name. While some of the losses are absorbed by financial institutions--credit card companies in particular--the credit-rating damage is borne by the victim. where identity is verified simply and sloppily. we must concentrate on preventing and detecting fraudulent transactions. uch crime involves two very separate issues. The victim is left holding the bag. or his credit reports for fraudulently obtained credit cards. The real crime here is fraud--more specifically. it becomes easier for criminals to get their hands on the data they need to commit fraud. The bank must be responsible. To see why. collects the cash and disappears. If we're ever going to manage the risks and effects of electronic impersonation. A criminal collects enough personal data on the victim to impersonate him to banks. (o one's identity is stolen& instead. 'e impersonates a victim to the post office and gets the victim's address changed. *ut data privacy is about more than +ust fraud. regardless of what the user does. This is what you read about in the news" personal information stolen from companies. That leaves only one reasonable answer" financial institutions need to be liable for the cost of fraudulent transactions. . Impersonation is an ancient crime. o far.redit card companies like American /$press are generally liable for all but the first 012 of fraudulent transactions. Then he racks up debt in the victim's name. look at credit cards. As more information about us is collected. It can take years for the victim to completely clear his name.
I do not mean to minimi4e the harm caused by other misuse of third-party data and violations of privacy. *ut if they're liable for losses and damages to legitimate users. And that means making the financial institutions liable for fraudulent transactions. or whatever--there's a widespread myth that authenticating the person is the way to prevent these crimes. no credit card company mandates secure storage re%uirements for credit cards. . 6ikely the solution will be a combination of solutions that reduces fraudulent transactions to a manageable level. To mitigate that risk. /ven worse. phone or Internet. . 5aybe people will no longer be able to open a credit card account by simply filling in a bunch of information on a form. I don't know what the final solutions will look like. ecurity technologies can work wonders in preventing identity theft. They don't demand that cardholders secure their wallets in any particular way. think about credit cards. they'll pay more attention. Identity theft solutions focus much too much on authenticating the person. once the economic incentives to apply them are there. They've pushed the costs for fraud onto the merchants. And they'll mitigate the risks. where no one verifies the signature or even that you have possession of the card. biometrics. responsible for that risk. we need to concentrate on detecting and preventing fraudulent transactions.That's an important lesson. they will find solutions. 3oing anything less simply won't work. I believe that the #. 5aybe there will be a daily withdrawal limit. like there is on AT5s.redit card companies simply don't worry about verifying the cardholder or putting re%uirements on what he does. is the way to proceed. *ut once you understand that the problem is fraudulent transactions. tore clerks barely verify signatures when people use cards. *y focusing on the fraudulent use of personal data. the economic incentives result in financial institutions that are so eager to allow transactions--new credit cards. cash transfers. or will re%uire a call-back from the bank or brokerage company. whatever--that they're not paying enough attention to fraudulent transactions. Again. but we'll never know until the financial institutions have the financial incentive to put them in place. you %uickly reali4e that authenticating the transaction. . Whether it's two-factor authentication--I3 cards. 5aybe large transactions will be delayed for a period of time. would be well-served by a comprehensive 3ata )rotection Act such as e$ists in the /uropean #nion. I do not believe that a law of this type would significantly reduce the risk of fraudulent impersonation. 7ight now. which is in the best position to mitigate the risk. 'owever. This same sort of thinking needs to be applied to other areas where criminals use impersonation to commit fraud. )eople can use credit cards to buy things by mail. We need to make the entity. not the person. but I do know that once financial institutions are liable for losses due to these types of fraud. They concentrate on verifying the transaction.
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