Term Paper On Identity Theft And Identity Fraud

The small reply is that identity theft is an offense. Identity theft and identity fraud are expressions utilized to refer to all kinds of offenses in which somebody illegally gets hold of and employs a different person’s individual facts in some way that entails fraud or deception, usually for economic gain.

Dissimilar to one’s fingerprints, which cannot be given to someone else for their use, your personal data and are only one of its kind to that individual ­ your telephone calling card number, your bank account or credit card number, particularly your Social Security number, and additional important distinguishing data ­ can be utilized, to personally profit at your expense, if they fall into the wrong hands. For example, In the United States and Canada, a lot of people have testified that illegal persons have taken funds out of their bank or monetary accounts, or, in the worst cases, taken over their identities all in all, running up huge amount overdue and entrusting offenses while using the victim’s names. In many cases, a victim’s losses might comprise not only out-of-pocket monetary losses, but also considerable supplementary financial costs linked with demanding to reinstate his status in the society and fixing mistaken information for which the criminal is accountable. (Anthony Abraham, 2000)

In one dishonorable case of identity theft, the criminal, a prisoner offender, not only sustained more than $100,000 of credit card debt, got hold of a federal home loan, and bought homes, motorcycles, and handguns in the victim’s name, but called his victim to tease him — saying that he possibly will carry on to pretense as the victim for as long as he desired for the reason that identity theft was not a federal crime at that time — before filing for bankruptcy, also in the victim’s name. While the victim and his wife used up more than four years and more than $15,000 of their own money to reinstate their credit and status, the criminal served a brief sentence for creating a false statement to obtain a weapon, but made no compensation to his casualty for any of the damage he had caused. This case, and others like it, encouraged Congress in 1998 to produce a novel federal crime of identity theft. (Ann Cavoukian, 1997)

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What Are The Most Common Ways To Commit Identity Theft Or Fraud?

A lot of people do not understand how effortlessly criminals can get hold of our personal data devoid of having to break into our homes. In community seats, for instance, criminals might employ in “shoulder surfing” ­ inspecting you from a close by site as you thump in your telephone calling card number or credit card number ­ or pay attention in on your discussion if you give your credit-card number over the handset to a hotel or rental car company.

Even the area near your home or office might not be safe. A number of offenders engage in “dumpster diving” ­ going all the way through your garbage cans or a public dumpster or trash bin — to get copies of your checks, credit card or bank statements, or additional records that characteristically put up with your name, address, and even your telephone number. These kinds of records make it easier for offenders to obtain power over financial records in your name and presume your identity. (Anthony Abraham, 2000)

If you obtain requests for “reproved” credit cards in the mail, but throw them away devoid of slitting up the enclosed materials, criminals may recover them and attempt to turn on the cards for their employment devoid of your information. (Some credit card companies, when transferring credit cards, have assumed security measures that permit a card recipient to turn on the card just from his or her home telephone number but this is not yet a common practice) Furthermore, if your mail is provided to a place where others have ready access to it, criminals possibly will simply capture and forward your mail to a different place.

In current years, the Internet has turned out to be an attractive place for offenders to get hold of distinguishing data, such as passwords or even banking information. In their swiftness to discover the thrilling features of the Internet, a lot of people act in response to “Spam” ­ unwelcome E-mail ­ that assures them a number of advantages however desires recognizing information, devoid of understanding that in a lot of cases, the asker has no purpose of keeping his promise. In a number of cases, criminals supposedly have used computer technology to obtain large quantities of individual data. (Ann Cavoukian, 1997)

By means of adequate recognizing information about an individual, the offender can take over that individual’s identity to carry out a extensive varieties of crimes: for instance, false applications for loans and credit cards, deceitful removals from bank accounts, deceitful exercise of telephone calling cards, or getting hold of additional goods or rights which the criminal might be deprived of if he were to employ his genuine name. If the offender takes steps to guarantee that bills for the incorrectly attained credit cards, or bank statements presenting the unlawful withdrawals, are sent to an address other than the victim’s, the victim might not turn out to be conscious of what is happing until the criminal has previously imposed considerable harm on the victim’s possessions, credit, and status. (Ann Cavoukian, 1997)


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