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Identity Theft Causes and Effects Essay
Identity theft is a huge problem in today’s world as thirty-three (33) percent of all adults in the United States have been a victim of identity theft. On top of this with the internet being such an important tool on an everyday basis, we often overlook the fact that this information can often be taken by others with relative ease, and due to internet anonymity we can often find ourselves in a situation that is anything but pleasant. The struggles for authorities to connect the use of an IP address to a real person leads right to other illegal responses which aim at more damaging things like identity theft and unauthorized access to information systems such as passwords emails and home addresses.
The objective of this is to demonstrate the damage that can be caused by identity theft. The technological revolution has helped people to simplify their daily lives in recent years. This is almost entirely due to the internet’s creation and economic activity. Also, people had to do a lot of tasks to do a single task. For example, they had to go to the store to purchase clothing, food, or concert tickets, even though the store was open 24 hours a day. However, it is no longer required. Any of our orders can be put online with a single click. Financial transfers are becoming extremely easy with the use of online payment systems. It is mostly used to exploit individuals until the requisite knowledge about the target individual has been collected. In reality, some hackers use their talents for amusement, to deceive others, to demonstrate their capabilities, or to put their abilities to good use without any malice in their hearts.
Any information that can be accessed via the internet can be taken at any given time. These hackers can make money and conduct business transactions simply by using someone else’s money or identification via various online accounts such as emails or Facebook. They can, for example, buy items or, worse, drain a victim’s checking account or credit card which they can now open a new line of credit or loan; and they can also sell or buy a property without the owner’s knowledge. Due to these particular reasons all related to money, the identity theft rate is increasing year by year as people start finding more and more ways to take something that belongs to others. According to the United States Department of Justice in 2019, over 60 million Americans in total had become victims of identity theft. According to the United States Department of Justice in 2017, almost 15 million people had their identities stolen. Identity fraud is a reasonably common felony. As a result, identity theft involves a wide range of practices, including the gathering of personal data, the production of identification cards, and the unauthorized use of another person’s data for personal benefit. Identity theft happens when someone else’s identity is misused and used to achieve an advantage, typically for financial gain through deceit and fraud.
The operation entails a criminal stealing personal details about an individual’s identity, such as their address, date of birth, name, social security number, driver’s license number, insurance card number, and mother’s maiden name, and then impersonating the victim and effectively taking over his or her account. With over 2.5 million Americans reporting cases of identity fraud, it is one of the most prevalent forms of identity theft in the United States. Furthermore, medical identity fraud causes financial damage because the incorrect description of the victim’s medical records makes establishing the right facts for the client in question impossible, for example, if personal medical knowledge was used in the course of dispensing medications and other medicines in a hospital. To completely understand the severity of identity theft, important information to know is why the internet is so important, the different kinds of identity theft, how identity theft occurs, and ways to prevent identity theft.
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