...identity theft is a crime. Identity theft and identity fraud is the terminology used to refer to all types of crime which someone illegally obtains and uses another person's personal information in some way that involves fraud or deception, usually for economic gain. I will explain why you need to take precautions to prevent yourself from being a victim of identity theft. Unlike your fingerprints, which are unique to you and cannot be given to someone else for their use, but your personal data especially your Social Security number, your bank account or credit card number, and other valuable identifying data can be utilized, if they fall into the wrong hands, to personally profit at your expense. All over the country, for example, many people have reported that unauthorized persons have taken funds out of their bank or financial accounts, or, in the worst cases, taken over their identities altogether, running up enormous debts and committing crimes while using their victims's names. In many cases, a victim's losses may consist of not only out-of-pocket financial losses, but destroying your credit history, substantial financial costs associated with trying to restore their name and reputation in the community which they live, and correcting erroneous information the criminal is responsible for perpetrating. Although the number of incidents of identity theft/fraud has dropped and there are fewer victims, the remaining frauds are more difficult to detect and resolve, resulting...
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...Application Paper Molly Flannery DeVry University CYBER CRIME Application Paper Cyber crime is a crime committed online, as opposed to the physical world. In a business setting, cyber crime can occur in several instances: scams, identity theft, white-collar fraud, check or credit/debit card fraud, retail fraud, auction fraud, employment fraud, etc. (Miller & Jentz, 2012) Credit-card crime is more likely to hurt merchants and credit-card issuers than the consumer. The financial burden shifts from the consumer to the either the merchant or the issuer when purchases are made with stolen credit card numbers. (Miller & Jentz, 2012) My particular world of business consists of healthcare-related information. For example, being a healthcare carrier, our company stores health information as well as personal information. Names, social security numbers, health diagnoses, etc., are readily available throughout our organization. Not only is this information extremely important to protect, but in the event of someone having a personal health policy, they may have banking information in our system as well in order to automatically have their monthly premiums deducted. This information can consist of credit card numbers and/or bank account and routing numbers. If someone outside the company were to hack into the system, they would have a plethora of information to choose from. Additionally, if we happened to have a celebrity or otherwise important person of interest...
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...ATM Fraud ATM fraud is common amongst all Americans. It happens to innocent people day in and day out. Anyone is at risk whether your card is stolen or not. Card trapping and card skimming are two types of ATM fraud. There are also ways to prevent it as well. Card trapping is one form of ATM fraudulence. Criminals manipulate ATM machines so that any card that is inserted gets stuck or trapped. The scammer then pretends to offer help to the victim and asks them to reenter their PIN. Once the card holder then decides to leave the thief removes the card, goes to another bank, and begins to take money out of the account. The criminal also can put a legitimate not on the machine stating that if the transaction doesn’t work the first time try it a couple more times. As the victim does this, the criminal is watching over them to remember the pin. This is called “shoulder surfing”. Card Skimming is another type of fraud. It occurs without the victim having their credit/debit cards stolen. Criminals use a device designed to look like part of a machine where the person swipes their card into cash machines and is able to copy the details from a card and can see the PIN. Thieves use the stored information to make fraudulent charges online or with fake credit cards As an informed consumer of credit to prevent being ripped off by ATM fraud you should not leave an ATM machine unattended if you card is stuck inside a machine. If someone comes and ask to help...
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...Table of Content Exclusive Summary………………………………………………………………..1 1. Introduction………………………………………………………………….…...1 2. Theory and Concept……………………………………………………….…. .3 3. Key Findings……………………………………………………………………..4 3.1 Issues of Online Identity Theft …………………………………………...4 3.2 Trends of Online Identity Theft……………………………………………5 4. Case Study………………………………………………………………………..7 4.1 Background…………………………………………………………………..8 4.2 Analysis……………………………………………………………………….8 5. Recommendations and Conclusions……………………………………..…9 Executive Summary Identity theft make a lot of customers and organisations suffer serious loss both financially and emotionally. It is necessary to build acknowledge of identity theft to protect the interest of customers and organisations. This report finds the different methods and trends of identity theft and gives some advices for protection. A case study of TJX breach case shows the harm of identity theft in an organisation. 1. Introduction The internet technology has greatly changed the world in which human live since 1990s. Nowadays, internet has gone deep into people’s daily life and its high productivity, efficiency and convince make people deeply rely on it. Online business and social network have become the most important contributions of internet. As the growth of e-commerce and number of users of social networking websites, the target of identity theft has broadened. In e-commerce, identity theft threats not only...
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...Identity theft is becoming one of the fastest growing criminal offenses in the United States. Identity theft is a form of stealing someone's identity in which someone pretends to be someone else by assuming that person's identity, typically in order to access resources or obtain credit and other benefits in that person's name (Kiesbye). It is important for one to know that identity theft is not just a financial crime. It is a serious crime that can cause havoc on finances, credit history, and reputation. Identity theft can go unnoticed and can take time, money, and patience to resolve. Technology is constantly evolving making identity theft an easier crime to commit (Kiesbye). There are several ways in which technology plays a major role in assisting criminals commit identity theft (Knight Ridder/Tribune Business News). Some ways include computer hacking, telephone bugging, and old-fashioned stealing. Identity theft has become a very serious business for criminals (Knight Ridder/Tribune Business News). . Identity theft has been around for a number of years. The term identity theft was coined in 1964 however it does not mean to steal an identity but rather to impersonate another individual to commit fraud or deception (Vacca). Identity theft is not easily detectable by the individuals. Someone can steal or misappropriate personal information without the individual knowing then commit identity theft using the stolen information. According to Siegel, most incidents of identity theft...
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...internet. Identity theft has become a wide-spread crime committed by thieves who use stolen personal information to commit various types of fraud. Simply put, identity theft is a crime that takes your personal information and uses it to open unauthorized accounts, make purchases and acquire loans without the victim’s knowledge. So in order to protect against identity theft citizens should understand how identity thieves work, guard their personal information, and learn what measures to take if this does happen to them. No one is safe from identity theft but the elderly are especially vulnerable. Americans over the age of 60 are the fastest growing segment of computer and Internet users today. And according to the FBI, they are also the targets of identity theft more often than anyone else (FBI, 2011). Identity thieves target senior citizens because they don't regularly check credit-card statements, review credit reports or monitor their bank statements. Identity theft can be broken down into two separate categories (Identity Theft & Identity Fraud) since it is actually a two part crime. Identity theft is the actual act of obtaining personal information of an individual without his or her knowledge. Many of these thieves never use the information they obtain; they sell it to a third party for cash. Identity fraud is the actual use of the personal information to obtain financial gain such as unauthorized purchases or creating fraudulent accounts in the...
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...for many years. Advances in technology have made it possible for many people to have access to the tools and resources needed to forge documents which are a critical part of identity theft. The most common form of identity theft is associated with credit card fraud. Credit card fraud on the internet has substantially increased due to the opportunities present in the Internet environment. However, this represents some of the simplest forms of identity fraud. Such is the case since it is very easy to discover credit card fraud by both the credit card company and the victim as well. However, according to the Federal Trade Commission (2002), other forms of identity theft are more severe since they take a longer time to materialize (Federal Trade Commission, 2002) This view is also by Finklea (2014) in his article where he points out the issues and trends of identity theft. The Identity Theft Penalty Enhancement Act comes in the context of increased awareness of the difficulties posed by emergent technologies. So far, identity theft has been found to involve three main stages. The first of this involves the acquisition of the identity. In this process, one gets to assume the identity of another person through computer hacking, theft, fraud, force, trickery as well as interception or re-directing of mail (Congress.gov, 2004). Acquisition of another identity can also occur through legal means as seen in the purchase...
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...Chapter 8 – Register Disbursement Schemes 1. Register disbursement schemes are different from skimming and larceny at the register in that they: a. Are on-book schemes, where as skimming and larceny are off-book schemes b. Require the use of an accomplice c. Leave a record of the removal of money on the register tape d. All of the above 2. Which of the following is a type of register disbursement scheme? e. Fictitious refunds f. Overstated refunds g. False voids h. All of the above 3. When an employee perpetrates a credit card refund scheme, the perpetual inventory will show a greater amount than the physical inventory. i. True j. False 4. An excessive number of reversing sales transactions at the register is an indicator of which of the following schemes? k. Skimming l. Register disbursement m. Pass-through scheme n. Multiple reimbursements 5. Register disbursement schemes are difficult to conceal because they cause the cash drawer to be out of balance with the cash register tape. o. True p. False 6. Which of the following can be used to conceal a false refund scheme? q. Destroying register tapes r. Issuing refunds below the review limit s. Forcing inventory totals t. All of the above 7. For the perpetrator, the most dangerous part of a typical register disbursement scheme is often: u. Physically...
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...IFSM 201 November 16, 2014 Identity Theft The fastest growing financial crime is identity theft, it has affected 500,000-700,000 people in the United States. Identity theft occurs when people steal other people’s information and use the information to apply for credit cards and loans. The different types of information taken from victims can be: bank statements, copies of credit applications, lost or stolen credit cards, physician statements. Identity thieves will impersonate as representatives of government agencies, banks, and even internet service providers to collect social security number, passwords, mother’s maiden names, financial information, and other identifying information. Imposters will use different ways to acquire identity from victims through stealing wallets and purses which contain identification and bank cards. Also imposters will steal mail, which include those annoying preapproved credit offers, bank statements, tax information. Identity theft is serious as any major crimes it has caused people to commit suicide because of the stress and hardship that an individual endures. Identity theft can affect a person a week or even years of hardship and stress. I personally was a victim of identity theft on 2006 resulting in months of hardship and stress. On June 18, 2006 my family and I took a vacation to Philippines for a month and left our house with my brother to look after. As we were enjoying our vacation within two weeks I received a call from my brother...
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...and Communication INF 402 Group Work Group Members * Amina Ramallan A00011501 * Abdulrazak Gashash A00011462 * Ibraheem Babalola A00010481 * Victory O. Okurakpo A00013215 Abstract Although the application of Information and Communication Technology (ICT) in rural areas can be advantageous, there are also some limitations that may hinder the development of these areas. This study aims at identifying the problems that are caused by ICT in the application of electronic commerce and electronic business in rural Nigeria. The paper will point out these limitations and give solutions to each, thereby ensuring a smooth development process. The following limitations were found: System scalability and available customers, fraud and identity theft, delivery time and uncertainty, trust and customer satisfaction. Key words: Electronic commerce, Electronic business Methodology: The method used in this research is Internet research and personal observation. Solutions To The limitations Of E-commerce And E-business According to Wikipedia: “Electronic commerce consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. It is more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and service”. Wikipedia also stated: “Electronic business may be defined as the application of...
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...immediately. An ATM/debit card often has a VISA/MC logo, so it can be processed like a credit card, but the money comes out of your checking account. Contact your credit card companies next. Credit card fraud is a common form of identity theft. The cards that were stolen will get used quickly, usually for a few large purchases, or several small ones. Most credit card companies are wise to this, and watch for "unusual buying patterns," but don't count on that. Let them know as soon as you hang up with your bank. Make a report with your local police department. Get the report number, and a hard copy of the report. Every company you work with to fix an identity theft issue will want a copy of this, so make several. Always keep the original. Contact your insurance agent. Most homeowner's policies have some sort of identity theft coverage. This would be a great time to find out what it covers. The Federal Trade Commission published a brochure in 2008. It warned consumers to be careful what they buy. They said most identity theft products don't really do anything you can't do yourself for free. Contact the Federal Trade Commission (1-877-IDTHEFT). The FTC collects information about identity theft for studies and analysis. They may send you a copy of Take Charge: Fighting Back Against Identity Theft, a booklet to help victims recover. Call your other card issuers. Call the library if you had a library card. Call Blockbusters if you had a movie rental card. Call your car rental company...
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...and Assumption Deterrence Act, Title 18 United States Code 1028 in 1998. One of the most noted identity theft cases was USA v. Cummings. The largest hacking and identity theft case ever prosecuted by the Department of Justice involved eleven people who stole more than forty million credit and debit card numbers. To severely curtail on identity theft, President Bush mandated Executive Order 13402 called the Identity Theft Task Force. Identity theft causes immeasurable damage to peoples’ names and reputations. Greater awareness and education will help us to combat identity theft. Identity Theft It’s a nightmare that can leave an unsuspecting person feeling violated and vulnerable. It doesn’t care who you are or where you live. Gender, race and age are totally irrelevant. In this modern technological age, it is a crime that can realistically have any of us in its clutches at any time. Its attack may be silent but the aftereffects can continue to haunt us for a long time. This transgression is what the Federal Trade Commission considers to be the fastest growing crime in our country. It is called identity theft (Knowing Where Identity Thieves Lurk, 2008). Because we live in an age of easy credit and in an information-based...
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...consistently grown every year in the last decade, and also has been the fastest growing crime. It is a neither gun crimes nor the use and abuse of certain drug; it is identity theft. When searched for fastest growing crime on google.com the unanimous answer turned out to be identity theft. This crime basically proves that there is no doubt in the fact that there is something going wrong when dealing with identity theft. It seems like there is a piece of the puzzle which is missing. The main focus of this paper is to put some light on the issues concerning with identity theft, how it takes place in various manners and what are the current laws in place to act against identity theft. The role of credit card companies to deal with identity theft is also mentioned. Identity theft and identity fraud are words used to refer to all degrees of crime in which someone wrong fully acquires and exploit individual private information in numerous ways that engage scam or trickery, usually for financial gains. According to two studies done in July 2005 by Gartner research and Harris interactive, approximately seven million people became victims of identity theft in the year 2003, which increase to ten million people in 2004. That equals 19,178 per day, 799 per hour, and 13.3 people per minute (Gartner). Identities can consist of many items such as social security...
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...conveniently look at x-rays that their physician sent over email. Unfortunately, this is a flawed mentality; important information whether on a device or in a file must be secured to protect an individual from identity theft. One might ask where the roads of technology, identity theft, and ethics intersect. That would be an easy answer. Scammers are anywhere and everywhere, use numerous technological systems to gather information to steal identities, and stealing from someone is not exactly ethical. These seedy individuals are starting to capitalize on the newest technologies while still making millions off of the old. For instance, unethical people may use smart phones application malware, email scams, telephone solicitation and credit card skimming devices, just to name a few, to bilk you of hard earned cash. All without being physically present when the theft happens. The following paragraphs will highlight how this happens starting with smart phones. Smart phones are big business. These devices are convenient little packages allowing access to information at a moment’s notice anytime...
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...Internet can prove to be a great advantage for small businesses in this era for both marketing and selling their product. Even small businesses now need to have a website of their own, otherwise they will have to bear the risk of being left behind in the race. First of all, internet is a smarter way of connecting with your customers as well as for expanding your customer base. Internet can be used for advertising your business which is not easier through any other channel. Receiving orders as well as replying enquiries is also far more convenient if done online. In a way internet can prove the most cost effective method of marketing and selling in today’s business scenario. Companies can boost their sales and benefits if they are able to utilize internet in the right way. I own a small clothing store, which I have decided to take online. I expect it will add to my benefits as well as help in increasing sales by reaching new customers. In this regard the first step will be to do a SWOT analysis to find out my strengths and opportunities as well as to measure my threats. I will need to check which additional opportunities I will get when I get my business online. Strengths: 1. The first strong point or a competitive advantage that my store has is that it is among the biggest in the locality. We sell multiple popular brands and can serve customers across different levels. We have products for those who spend on the high priced fashion brands as well as also for those who...
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