The Destruction Brought By Identity Theft

Cybercrime is is increasing in skyrocketing way it is getting out of control. We are hearing about it every single day and it tough to control. There are different types of cyber crime that we hear on daily basis like Phishing, social engineering, Identity theft, malware etc. Among all this identiy theft is most pervasive form of crime in 21st centuty Identity theft occurs when someone triest to acces our personal name, social security number, debit/cresit card number to commit crie or fraud activities.More than 8.4 millions adults were the victim of identity theft according to research by Javelin Strategy & Research in the year 2006.

Identity theft has many impact on the individual life but two most harmful effect from identiy thef are Financial harm and Nonfinancial harm. Financial harm basically means loss of money, property. There are several types of ways in which the victiom may suffer financial harm which include the misude of social security number, debit or credit, opening new account in the bank in the name of victim, filing the tax, purchasing motor vehicles property and other valuable things in the victims fund or credit due to this victims have to spent so much money regarding this issue to get recover from this. A good real example of identity theft is an elderly woman whois suffering from dementia was victimized by her caretaker who steal almost $200,000 before she pass away. The thieft not only used her credit/debit card but also open multiple bank account in her name and purchase moto vehicles as well. Ths is one realistic example, but there are so many examples like this. Whereas, talking about Nonfiancial harm, it gives so muh trouble to victim to get recover of identity thieft. After, misuse of their credit/debit cards social security number they have to suffer from damage of those things and even it question of their reputation. For example, even have to do multiple phone calls, writing letter to attorney, spending lot of money on and sometime if they became the victim of depression which is threating to the owns life.

The things that need to be keep in mind to be safe from identity thef completely depend on ourselves. As, Social security number, debit/credit card and our personal information we should try to keep these things private. Reviewing account activities on daily basis also helps to keep us updated about our card.Minding the surrounding is absolutely necessary, while using the public wifi we have to vey careful. Incase if identity theft occurs then, notifying to FTC (Federal trade commission )is very important. Likewise, to our bank if there has been a misue of our cards and IRS if we find out fraudulent activities on social security number. This are few quick ideas to keep in mind to sort out the problem. Overall, As identity theft can be very much destructive in the victim life