Online Fraud and Identity Theft

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Identity theft is one of the fastest growing crimes statistically according to the Federal Trade Commission. Roughly 27.3 million Americans have fallen victim to this form of theft/fraud. According to last year the loss of money for businesses and financial institutions are in the billions and with consumers out of pocket expenses has been about 5 billion dollars. "Identity theft" refers to crimes in which someone wrongfully obtains and uses another person's personal data (i.e., name, date of birth, social security number, driver's license number, and your financial identity— credit card, bank account and phone-card numbers) in some way that involves fraud or deception, typically for economic gain (to obtain money or goods/services). There are a few ways that people are able to obtain such information and some of the ways you will find that it is out of your control if you do not protect yourself. A few of the forms in which predators are able to easily extract your information and use it while damaging your life and credit. Some are done from people internally stealing business records of their personal information. Other means from what they call shoulder surfing. This is an easy way where someone is standing behind you at your desk while you are trying to visit a site that is personal. They are able to look at your keyboard and remember your login and passwords. Another big one would be dumpster diving. People do not realize that just by simply not shredding your personal information and just tossing it in the garbage people will go through your garbage to collect information about yourself. Once your trash can is at the end of your driveway this is now considered public property. Another means is to deceive the victim through the means of posing as someone else to obtain information such as a landlord or even posing as an employer trying to get your personal information. Another one would be from what they call skimming. This is done by stealing your credit card or debit card information as they swipe your card.

The old fashion forms of information stealing would be stealing wallets and purses which your personal information. Another would be to steal your mail which may include. A person needs to always be aware of who they provide their information to. Try to be put on list to stop receiving pre screening of credit card offers.

When traveling need to learn ways to safe guard your wallets, and try not to look like a tourist, as those make easy targets. There are three credit reporting agencies that are used to track personal credit such as Experian, Trans Union, and Equifax. In the event of that you think that someone has possibly stolen your identity then there are a few places that one would need to do in order to try to put a stop to the personal theft. Since the overwhelming amount of fraud/ identity there was in the past nothing that could really stop someone from this form of theft, so now there is something in place should a person fall victim the fraudster can now be prosecuted and do some time in jail.

Online Fraud and Identity Theft

In this day and age, along with the amazing speed of growth in technology, predators from the old days where everything was done to collect your information manually by either reading your garbage or stealing your mail has come to the point where that is considered old fashion. The new high tech way is to do it all online. No need to sift through your garbage. No need to pick pocket your wallet. This is no longer a confrontational thing. Do not get me wrong the old fashion way is used frequently but online makes it easier for a hacker or thief to collect your data and abuse it to no end until they are unable to collect any more goods off of you social security number.

Identity theft is one of the fastest growing crimes statistically by the FTC (Federal Trade Commission). Identity theft is or occurs when someone with out your...
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