Identity Theft and Possible Risk in Technology - 1713 Words

Identity Theft and Possible Risk in Technology Identity theft has been a major issue of privacy and fraud. In the data breach analysis from the Identity Theft Resource Center (2013), the number of data breaches from the year 2005 to 2012 increased. In 2012, there had been 49% where the data breach exposed people Social Security Number. The data breach of 2012 has a rate of 27.4% caused by hackers. These breaches were commonly from 36.4% businesses and 34.7% health and medical (Identity Theft Resource Center 2013). The number of identity theft varies from physical possession to digital possession. At least one-fifth of trash cans contains papers listing people’s credit card number and personal information. People that throw away their†¦show more content†¦1) Credit card numbers, 2) CW2 numbers from the back of credit cards, 3) Credit reports, 4) Social Security numbers, 5) Driver’s license numbers, 6) ATM numbers, 7) Telephone Calling cards, 8) Mortgage details, 9) Date of Birth, 10) Passwords and PINs, 11) Home address, and 12) Phone numbers. These twelve most wanted personal information from thieves can be used for different kinds of identity theft. In the United States, approximately 90% of the population could be identified by using three pieces of information, birth date, gender, and postal code (CIPPIC, 2007). Method of Identity Theft In order for thieves to commit an identity crime, they must first obtain the personal information of an individual. However, simply assuming a certain individual’s personal information does not entail that it is enough to steal their identity. As we mentioned before, 90% of the U.S. population can be identified by using an individual’s birth date, gender, and postal code. Stealing their identity and use it, it will need more than just that. With a sufficient amount of personal information, the thieves can use the victims name for fraud, such as credit card fraud or medical service. The most simplistic way for an identity thief to acquire personal information would be breaking into private property, stealing mail, digging through trash, andShow MoreRelatedInformation Privacy1353 Words   |  6 Pagesinformation related to the business related which needs to be protected and keep it secured. Thus information privacy may also be called as data pri vacy. An important aspect of information sharing is information privacy. With the advancement in technology, there has been increase in vulnerabilities related to personal information. Thus to protect the personal data, information privacy can be applied in various ways like encrypting the data, data masking and authentication by which only the peopleRead Moreâ€Å"According to the Australian Bureau of Statistics Personal Fraud Survey 2010-11, an estimated total1500 Words   |  6 Pagesand over were victim of at least one incident of identity fraud in the 12 months prior to the survey interview..† (Afp.gov.au, 2014) Identity fraud is a type of fraud that involves illegally pretending to be somebody else for a beneficial gain. This can result in emotional and/or financial devastation. This is a very common legal issue facing Australian stakeholders, costing them a total of $1.4 billion AUD to date (Afp.gov.au, 2014). Identity theft has many consequences and issues that are involve dRead MorePreventive Measures For Smartphones.1512 Words   |  7 PagesPreventive Measures for Smartphones Today, approximately 15 million Americans has fallen victim to Identity Theft. It’s apparent the numbers continue to rise due to the advancement of technology as we enter what is known as the â€Å"Digital Ages†. With the number of devices on the market, who do we blame when people are not aware of risks involved? What tips or tools are established to educate the number of users and network providers of the potential dangers? Even though creators of smartphones doRead MoreIdentifying The Different Ways Online Identity Theft1462 Words   |  6 Pages Identify and discuss the different ways online identity theft can be achieved by a cybercriminal Identity theft is when your personal details are stolen. Identity theft occurs when someone steals your personal information with the intention to access bank accounts for example, or commit many other crimes in your name and at your expense. Identity theft is a growing threat in the uk which is increasing at a rapid rate. It is said that it could be one of the leading threats in the coming years. AnalysisRead MoreEthics in Technology Essay1555 Words   |  7 Pagescomputerized technology, computer engineers had to believe that their contribution to the development of computer technology would produce positive impacts on the people that would use it. During the infancy of computer technology, ethical issues concerning computer technology were almost nonexistent because computers back then were not as multifaceted as they are today. However, ethical issues relating to computer technology and cyber technology is undeniable in today’s society. Computer technology playsRead MoreThe New Transgression Of The Modern World : Cyber Crime1689 Words   |  7 Pagescyber crime we will be looking into a variety of specific types of online misconduct, beginning with Cyber bullying. We will also delve into Identity Theft, On line child sexual abuse material, and Sales and Investment Fraud. Along with looking into the wide array of different types of online crime, we will discuss different deterrents to try to avoid the risk of a cyber attack and tips to stop the malicious transfer of inappropriate materials. By the end of this paper I would like to call out on youRead MoreCyber Internet And Its Effects On The World Wide Web907 Words   |  4 PagesIn a majorly internet savvy society, there are more risks than benefits while using the internet and various ways to protect yourself in the World Wide Web. One of the most common disasters of the Internet in the 20th century would be identity theft. As the need for more technology and more efficient computers, your virtual identity is at stake. Almost 1 in 3 people who are surfing the web get their identities stole by hackers. However, 1 in 5 people know how to protect themselves on the web. InRead MoreThe Identity Theft and Assumption Deterrence Act1823 Wor ds   |  7 PagesInternet identity theft is a serious danger in our world today, victims of this crime have had their lives ruined and in some cases have ended up in jail because of crimes committed by an identity thief. Internet identity theft is â€Å"the criminal act of fraudulently obtaining the personal information belonging to another individual within the realm of a computer or electronic setting.†(1) Throughout the past several years there have been several laws passed to combat and keep up with this ever evolvingRead MoreIdentity Theft Or Identity Fraud1707 Words   |  7 PagesThe evolution of technology has enabled criminals a new form of prey. This problem is known as identity theft or identity fraud. The development and growth of the world wide web and personal computers being have made everyday things easier for everyone, but have also made it easier for criminals to gain access to information needed to steel someone’s identity. This is a crime which c ost people thousands of dollars and countless hours of time spent to regain their losses and the damages done by havingRead MoreAn Effective Information Security Program1289 Words   |  6 Pagesoutsourcing doesn’t come without its risks. In 2005 a MSSP was the victim of theft which resulted in 40 million credit cards stolen. Restaurants in the states of Louisiana and Mississippi sued a MSSP for not being compliant with current PCI DSS standards and poor business practices lead to several cases of identity theft. Studies have shown that although there are inherited risks with MSSPs, with implementation of stricter security requirements and larger clientele the risk could be offset (Hui, Hui,