It is not a bunch of hype and it does cause a lot of harm, not only to the victims, but also to the victim's family. Evidently, Foust is trying to calm the reader by saying that most information that is stolen is never used. Rather it is used or not, the fact that someone has or can be a victim of identity theft is cause for concern. Dean Foust is correct in saying...
(7/3/2006). ID Theft: More Hype than Harm. Business Week Magazine.In one case in 2000, two-20-year-olds hacked into the Lowe's credit card mainframe from a white Pontiac Grand Prix parked outside a store, synching a single laptop to the wireless system that was meant for employees to use to locate products. The hackers, obviously to blame for the crime, played on the flaws of a computer system that should not have allowed for a security breach. While the same hackers
Identity theft has always been possible, but the internet and technology have made it something that can often be accomplished far too easily. According to Hoar (2001), identity theft is the "crime of the new millennium." Stealing someone's identity can cause them countless problems, thousands of dollars, and literally years to correct. Problems are not limited to credit reports, either. Some people even file tax returns using the social security
Criminals don't always need to have shotguns and masks to threat and rob money; it only takes a social security number, or a pre-approved credit card application from trash to make things according to their wicked way (ID Theft, 2004). Some consumers have had credit card numbers and Social Security numbers stolen and used fraudulently or identity theft. By taking reasonable steps to protect your personal information, this can mitigate the
When a Social Security number is stolen, contacting the Social Security Administration can help to place a watch on its use as well (SSA 2009). This particular problem can lead to many complications, as obtaining a new Social Security Number can create many difficulties for the victim while keeping the old number might allow the thief to continue using the victim's identity (SSA 2009). Generally, though, a new number
Consumer Beware: The Growing Problem of Identity Theft American consumers today are increasingly concerned, with good reason, about how to avoid joining the ranks of unfortunate millions who are already victims of the newest, most widespread national financial crime: identity theft. According to the web article "The Crime of Identity Theft": It can happen to anyone. The phone rings and a collection agency demands that you pay past-due accounts for goods
Cyber Crime Malicious activities like identity theft, harassment and phishing activities are conducted by the cyber criminals by making use of the anonymous context of the cyber world to their advantage. Phishing scams are conducted in such a manner by the scammers that websites are created by them and emails are sent out in order to trick the account holders into revealing sensitive information like passwords and account numbers. These crimes
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