Since the introduction of internet in 1990s, people’s life has changed drastically. Because people use the internet in their day to day activity, constantly personal information like credit card numbers, bank details, social security numbers, personal data, usernames and passwords are travelling between computers through wires or air. As much as business believes that their user’s data is secure, hackers find their way to obtain user’s private data and use it for the benefit of the criminal. Identity theft was the number one complaint category in the CSN for calendar year 2014 with 13% of the overall complaints. The purpose of this study is to explore the increasing cases of identity theft through internet. Specifically, this paper focuses
…show more content…
As per IC3 internet fraud report 2013, 55.4% victims were males, 75% of the victims were contacted by emails. Florida, Washington, Oregon, Missouri and Georgia are top five states in U.S. that have the most identity theft complaints filed.
Identity theft of children: The Identity Theft Resource Center has reported that 2 or 3 cases of child identity theft are being taken every week, which is around 104-156 child victim per year. Even though this is a very minimal percentage of the overall number of identity theft, but in case of child identity theft, often crime committed is undetected for long until the child reaches a certain age.
Deceased as identity theft victims: There are not many reports available on the statistics of deceased personal data being used in identity theft. Kylie, John and Charlynn (2010), says that there is a possibility of more cases of deceased identity theft than child identity theft and that the after effects of deceased identify theft are mostly experienced by the financial institution or the …show more content…
As per the study 2012 Business Banking Trust Study conducted by Ponemon institute among 998 small and medium size businesses nationwide shows that, 74% of the respondents stated that their business has experienced online banking fraud. Study also reveals that only 41% of the respondents said that their bank reimbursement full or partial loss. Study also reveals that about 43% of the victims know that they have been victimized in 24hours and about 42% of the respondents said that a company employee is involved in the identity
As per IC3 internet fraud report 2013, 55.4% victims were males, 75% of the victims were contacted by emails. Florida, Washington, Oregon, Missouri and Georgia are top five states in U.S. that have the most identity theft complaints filed.
Identity theft of children: The Identity Theft Resource Center has reported that 2 or 3 cases of child identity theft are being taken every week, which is around 104-156 child victim per year. Even though this is a very minimal percentage of the overall number of identity theft, but in case of child identity theft, often crime committed is undetected for long until the child reaches a certain age.
Deceased as identity theft victims: There are not many reports available on the statistics of deceased personal data being used in identity theft. Kylie, John and Charlynn (2010), says that there is a possibility of more cases of deceased identity theft than child identity theft and that the after effects of deceased identify theft are mostly experienced by the financial institution or the …show more content…
As per the study 2012 Business Banking Trust Study conducted by Ponemon institute among 998 small and medium size businesses nationwide shows that, 74% of the respondents stated that their business has experienced online banking fraud. Study also reveals that only 41% of the respondents said that their bank reimbursement full or partial loss. Study also reveals that about 43% of the victims know that they have been victimized in 24hours and about 42% of the respondents said that a company employee is involved in the identity