Identity Theft

Topics: Credit history, Credit score, Fair Credit Reporting Act Pages: 6 (2080 words) Published: February 22, 2013
Identity Theft Final Paper

Identity Theft Final Paper
We all believe that identity theft will not happen to us and become less likely to focus on protecting our personal information. Yet, most people say I do not know anyone that would do such harm to me, it will not happen to me and it is the most common theft that most victims share. Did you know that the majority of identity theft comes from family members? Family are the most common to steal the identity of other family members, so ask yourself how important is your personal information and are you actually protecting yourself? Are you taking the proper precautions? Is every account protected? In order to protect our identity it is important to understand what identity theft is, what steps can be taken to prevent identity theft, what can be done to recover from identity theft and what laws are in place to protect the consumer from identity theft. Always keep in mind that identity theft can happen to everyone this includes children. Parents at times become desperate after bills were not able to be paid due to loss of job or other economic issues at that time in order to keep services on parents tend to take the identity of their children in order to continue having electricity, water or cable. This is only the beginning and although it may sound harmless but as it stands if the parent was not able to pay the services under their name how will they be able to pay their child’s bill? This is how most identity theft starts and before considering this pattern, read on and better understands before taking any drastic decisions that can be penalizing in the long run.

What is Identity Theft?
The act in which a personal takes another individuals name and complete personal information in order to obtain materials through creditors or by living the stolen identity. Identity theft occurs when someone uses another person's personally identifying information, like a person's name, Social Security number, or credit card number or other financial information, without permission, to commit fraud or other crimes. (National Conference of State Legislatures, 2012)  Identity theft is a crime in which the penalization can vary depending on the states but are mainly classified as Felonies such as Larceny crimes. Larceny is defined by the Department of Justice as completed or attempted theft of property or cash without personal contact. Incidents involving theft of property from within the sample household would classify as theft if the offender has a legal right to be in the house (such as a maid, delivery person, or guest). If the offender has no legal right to be in the house, the incident would classify as a burglary. (Bureau of Justice Statistics, 2011) The majority of people believe that theft is taking the property of others when in fact theft is a matter of taking information or items that does not belong to the person taking it.

How can it be prevented?
To prevent identity theft it is important to keep all personal records secured. When paying bills it is important to avoid most online payments. If possible pay in person or through a direct payer. There are many ways that individuals expose their personal information to others such as, being at a supermarket and when paying opening the wallet in front of others and leaving it open until change or a receipt is received is a prime example in today’s society. When home a person should keep personal information in safe locked areas, preferably, or in a hidden area that would be difficult to access to the unknown eye.

When disposing of information such as mail it is best to shred all pertinent documents that obtain names, account numbers, addresses so on and so forth. Identity theft can occur from a person going through another’s individual garbage or from stealing mail from a personal mailbox. (Federal Trade Commission, 2012) When selecting passwords for banks or anything that can hold any type of information that...

References: National Conference of State Legislatures (2012). Identity Theft State Statutes. Retrieved from
Federal Trade Commission. (2012). Fighting Back Against Identity Theft. Retrieved from
Romanosky, S., Telang, R., & Acquisti, A. (2011). Do data breach disclosure laws reduce identity theft?. Journal Of Policy Analysis & Management, 30(2), 256-286. doi:10.1002/pam.20567
Kunick, J. M., & Posner, N. B. (2011, May/June). . Following the Red Flag Rules to Detect and Prevent Identity Theft
 Bureau of Justice Statistics. (2011). Larceny/Theft. Retrieved from
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