Published on August 21st, 2008 by Paul Wilcox in Security
by Paul Wilcox
Incidents of identity theft and fraud are at an all time high this year topping the Federal Trade Commission’s (FTC) list of complaints. Reports of fraud and identity theft made up about 39 percent of consumer complaints with Internet auction fraud coming in second place with about 16 percent consumer complaints.
Identity theft is a major problem for consumers today. With the inception of the Internet, more and more innocent people are finding themselves victims of identity theft and fraud. These crimes include credit card fraud, stolen bank funds, and even stolen identity theft by criminals looking to escape prosecution for their crimes.
Identity Theft And Fraud With Credit Cards
One of the easiest and most popular identity theft crimes is credit card fraud. Thieves gain access to an innocent person’s personal information and use it to open credit card accounts or use it to gain access to existing credit card accounts. These criminals usually quickly max these credit cards out by purchasing extravagant items. Fortunately most credit card companies will not hold the legal cardholder liable for these purchases.
Another form of identity theft is when criminals obtain a loan in some unsuspecting victim’s name. These types of crimes are more difficult to resolve. Many lenders have made the process of getting a loan so easy that it is hard to prove that an imposter took out the loan instead of the victim. Victims often don’t find out about the loan until it has affected their credit rating.
Identity Theft and Your Good Name
Criminals don’t always go after money when it comes to identity theft and fraud. Some criminals take over a victim’s identity when they have committed a crime. This type of identity theft can create big problems for the victim. Now they have a criminal record and it takes a while to correct this mistake.
For example, an identity thief is pulled over for speeding and gives the stolen identity to the cops. Years later the victim may find a warrant for their arrest as well as a pile of court fines in their name that need to be paid.
About the Author:
Is your PC as secure as it need to be? Find out what you need to be doing to keep it safe from spyware, viruses and other
online security threats at the Online
Security Toolkit website. Visit http://www.onlinesecuritytoolkit.com for more information.
Popularity: 9%
You can follow any responses to Crimes Resulting From Identity Theft And Fraud through the RSS Comments Feed.
You can skip to the end and leave a response. Pinging is currently not allowed.
Related posts to Crimes Resulting From Identity Theft And Fraud
by Rex Simpleton
It's very hard to be an identity theft victim but the best thing to do is to learn some tips about identity theft in order to avoid finding yourself in this situation.
1. If, for any reason, you suspect that your credit card has been used by someone else to commit fraud crimes, the first thing you have to do is to contact the fraud departments of the credit card company. By contacting these fraud...
by Paul Wilcox
Identity theft against children is the fastest growing sector in reported identity theft complaints, according to the Federal Trade Commission. And often times parents cannot be trusted to protect their children because the majority of child identity thefts are family members.
Children need to be protected by greedy or misled relatives, and the government must offer them aid. Likewise, corporate financial institutions that have offered forgiveness to adult identity theft victims must develop...
by Paul Wilcox
Identity theft insurance coverage is big business for companies looking to profit from consumer fears regarding identity theft. Insurance coverage provides consumers with many different ways to pay for identity theft losses. Generally, all consumer identity theft coverage policies fall into one of two categories: prevention services and insurance coverage. Identity theft is best avoided but since no one is one hundred percent invulnerable to identity theft, insurance provides a nice soft place...
by Paul Wilcox
While identity theft is nothing new, thieves have been stealing innocent peoples identity throughout history. However, advances in technology have made it easier for thieves to steal information for identity thefts crimes.
In the early days in the history of identity theft the thief would usually kill the victim and assume their identity. Looking alike was only worrisome if someone had known the person since there were not too many requirements for a photo...
by Jed Jenson
In a perfect world we would not have to worry about the threat of someone stealing our identity and ruining our credit. Unfortunately, we live in an imperfect world. Fortunately, there are services available, such as LifeLock's Identity Theft Protection Services, which work to protect your identity. Although there are pro's and con's to using such services, LifeLock's pros greatly outweigh their cons.
To begin with, one pro of LifeLock is...
by Paul Wilcox
There are many ways that a criminal can steal from others. Some of those ways include robbing an individual of the cash or personal possessions they are carrying, stealing a vehicle, entering an individual's home and stealing items, etc. However, recently stealing from another has taken on a whole new dimension.
That dimension is when an individual is involved in criminal identity theft. Criminal identity theft is that situation when...
by Rex Simpleton
Identity theft is considered as a huge problem in our society. Since everyday, there is an increase in the number of user of internet and most people consider computer as a big part of their lives, there is also an increase of cases of identity theft. Individuals who are new in using the internet sometimes become to victim to computer identity theft systems. In most cases, the person involved in the identity theft...
by Paul Wilcox
With all of the recent news attention on the subject of identity theft, it is no wonder that there have been multiple articles on the subject springing up on the Internet. Many of these identity theft articles provide readers with a lot of valuable information. However, consumers should be aware that many identity theft articles out there use scare tactics to get consumers to buy products they are selling. These...
by Paul Wilcox
Many people have prized possessions that they own. These can be a simple homemade gift from their child, a family heirloom that has been passed from generation to generation, photographs that tell a story, or expensive jewelry.
These possessions sometimes have monetary value and sometimes sentimental value. But nevertheless, they have value. Many people would be devastated if these items were either stolen or lost due to a fire, flood or natural disaster.
There is...
by Paul Wilcox
The crime of identity theft is rising in popularity. Unfortunately, victims of identity theft are unaware that their identity has been stolen before their good name and good credit has been damaged.
Is it possible to know if your identity has been stolen before drastic damage has occurred? Here are some hints for stopping identity theft:
One of the most common way criminals use another person's identity is to apply for new credit cards or...
