February 22, 2013
Identity theft is not only stealing of credit card information but through online sources as well. Identity Theft has become a major issue since technology has become more popular throughout the world. Since consumers are co-dependent for technology it is an easier solution to fast sufficient services and each time we use the internet we input data that takes our name, address, even private accounts. For example, if you get an email that says you won a gift card to a certain store they want your full information to supposedly send you the card in the mail. Frauds will even call you from private numbers stating they are from debt collecting agency acting for bank account and social security information. Common ways Identity Theft that may occur are Defrauding businesses, stealing records from their employer, hacking into business or organization's computers Steve Wisman stated this quote out of his book, The Truth about Identity Theft, “can be done through high tech, low tech, or no tech” (Steve, 2010). Credit card fraud scheme is when you use your card to shop online, giving your card, name, and address in order to make a purchase, if you are not careful your information can be monitored by fraudsters using a program so they can record the details entered. After gathering your information they have access to make transactions for purchasing items. There are also credit card machine to duplicate your original credit card. * 9 out of 10 fraudsters get away with your information. * 70% of companies surveyed agreed that internet is the most risky way to the market, due to the fact that 52% of companies agree that internet fraud is a problem within their company and...