This website uses cookies to ensure you have the best experience. Learn more

Identity Theft Essay

564 words - 3 pages

Identity Theft
Identity theft is one of the fastest growing crimes in the United States. Every minute about nine people have their identity stolen. (Identity Theft and Identity Fraud, 2013). Identity theft can happen to anyone at any time. A consumer can protect themselves without having to purchase a protection program. Protection programs are available to help consumers protect their identity. An identity theft program isn’t the best protection against identity theft.
There are a number of protection plan companies a consumer can choose from. Each company has their own plans to choose from and each have different rates. A consumer can review the ratings of each company also. When a consumer has a protection program there are some advantages. These programs review the client’s credit reports with ...view middle of the document...

In order for a consumer to get a protection plan, they must pay a monthly/yearly fee for the program. If a consumer’s identity is stolen, the consumer will not be reimbursed for any money that has been stolen. Identity theft insurance does not cover the consumer if a family member is the one who committed the crime. When it comes to dealing with the creditors, they refuse to talk to anyone but the consumer themselves. A consumer can also check their homeowner’s insurance policy to see if they already are covered for identity theft.
A consumer can protect themselves by getting a free credit report each year from the three credit score companies: Equifax, Trans Union, and Experian. The best way to get the three free in one year is to get one at a time. Then the consumer should wait three months and apply for another one from one of the credit reporting companies they hadn’t used. Then the consumer needs to wait another three months to apply for the last one. A consumer can then check each credit report and make sure nothing has been added to their credit report. If a consumer becomes a victim of identity theft, they can place a fraud alert on their credit reports and this also encourages potential lenders to take extra steps in verifying a consumers ID before extending credit. (Equifax, 2013).
Identity theft protection services can help a consumer monitor their accounts. Some consumers find it valuable and convenient to pay a company to keep track of their financial accounts. Other consumers choose to do this on their own for free. Before you pay for a service, evaluate it and its track record before you pay any fees. Restoring credit after being a victim of identity theft is a very time consuming and emotional process. Protection programs can be helpful, but not comprehensive in stopping identity theft. Consumers should take extra steps whenever possible to aid in the services of the prevention of identity theft.

Other Papers Like Identity Theft

Avoiding Identity Theft Essay

1963 words - 8 pages Avoiding Identity Theft Gary Lee Kaplan University CM 220 Kelley Gordon Avoiding Identity Theft Ben Franklin once said “An ounce of prevention is worth a pound of cure” Well this has never been truer than in today’s hi-tech society where our personal information flows freely over the internet. Identity theft has become a wide-spread crime committed by thieves who use stolen personal information to commit various types

Ifsm201 Identity Theft Essay

946 words - 4 pages Identity theft In today’s information age we store our information various ways from hard copies, to storing our information on our computers and servers. Our most personal information: Date of Birth, Social Security Numbers, is stored by various companies, organizations, and the Federal Government. So in 1974 the United States realized it was storing lots of personal information on its citizens and enacted the privacy act of 1974, in which

The Eruption Of Identity Theft

580 words - 3 pages Running Head: The Eruption of Identity Theft The Eruption of Identity Theft Thomas J. Moore Saint Petersburg College, Tarpon Springs CJE1669 - Identity Theft Investigations (Online) Thomas 5/21/13 The idea of identity theft is nothing new; it has been around for centuries in one form or another. I would say that Martin Biegelman defines identity theft in a way in which we can all understand, he says that identity theft is the seizure

Identity Theft and Protection of Ppi

1299 words - 6 pages Identity theft is one of the fastest growing crimes in the United States. From empty bank accounts to ruined credit reports, there are numerous ways that an identity thief could hurt you. While identity theft is not new, the advent of the internet has given thieves new ways of using your personal data as their own for their benefit. According to Javelin Strategy and Research (2014), in 2013, over l3 million people were victims of some type of

Student and Non-Student Awareness of Identity Theft

788 words - 4 pages Student and Non-Student Awareness of Identity Theft This article was written by John Winterdyk and Nikki Thompson for the Canadian Journal of Criminology and Criminal Justice. It is titled “Student and non-student awareness of identity theft,” and encompasses the rising concern of identity theft. The article, subsequently, continues to reveal the increasing number of identity fraud cases throughout the United States and Canada over the

Unit 10

452 words - 2 pages Ayoub Elmahi NT1110 Research Paper IDentity Theft Ms. Janine Aleong Thursdays 9AM Research Project: IDentity Theft History Much before the internet technology had gained popularity, identity theft was common in form of dumpster diving and going through your trash in case you have thrown away any personal identifying information such as bills or documents. But before that, identity theft was known as a white collar crime and it was pretty

Idenitty Theft

1118 words - 5 pages You pay all of your bills on time, when you use your credit card you pay the balance off when you are supposed to; even more than the minimum payments, and then when you try and go buy a car or a house you are declined due to bad credit. Ever wonder how that can be? Well you might have been a victim of identity theft. What is identity theft you ask? It is a form of fraud or cheating of another person's identity in which someone pretends to be

Idenity Theft

1002 words - 5 pages Abstract This paper discusses identity theft in terms of its impact, its character and its prevention. In the paper, particular attention is given to the types of primary identity theft classifications, some online methodologies of identity theft and finally, some preventive measures. The paper discusses how identity theft is found to be a massive problem in terms of financial losses to both corporations and individuals and is expected to grow

How Are Identity Thieves Operating to Get Your Identity and What Can They Do with It?

879 words - 4 pages How are identity thieves operating to get your identity and what can they do with it? First it is important to know what identity theft is and then understand the way thieves manage to steal your identity. It’s a crime that happens when “someone wrongfully obtains and uses another person's personal data in some way that involves fraud or deception, typically for economic gain.” (Identity Theft, The United States Department of Justice), in

Idenity Theft

1476 words - 6 pages According to the U.S. Department of Justice, an estimated 11.7 million Americans were victims of identity theft in 2010 (U.S. Dept. of Justice). Identity theft is defined as a crime where someone illegally acquires and utilizes another person’s vital information to deceive for personal gain. That same year, the Federal Trade Commission reported that identity theft crimes cost businesses and individuals an estimated $53 billion (Federal Trade

Idenity Theft

587 words - 3 pages Identity theft Identity theft surrounds us every day. from people stealing other people’s info and using it to gain credit or just to get out of trouble .identity theft can be as easy as just using someone’s name to using their whole identity, like name social security numbers . Anyone can go online if they have this information and apply for any type of credit which would assume your identity. Many creditors are hard to go through to prove

Related Essays

Identity Theft Essay

479 words - 2 pages Lab 10: Identity Theft Identity theft is on the rise every day and we do not even know when it happens. Identity theft occurs when someone wrongfully obtains another’s personal information without their knowledge to commit theft or fraud (Federal Bureau of Investigation, n.d.). Identity theft crimes include credit card fraud, internet fraud, mail fraud, and many others. Anybody is at risk of identity theft; nobody is safe. As beginning IT

Identity Theft Essay

1950 words - 8 pages IDENTITY THEFT NAME: INSTITUTION: IDENTITY THEFT Identity theft refers to a situation where a person uses information used to identify another person, such as their name, credit card number or social security number without their permission, in order to commit fraud or other crimes. In other words, it is stealing the identity of a certain person and pretending to be that person by

Identity Theft Essay

1432 words - 6 pages IDENTITY THEFT Identity Theft Ever wonder what it would be like to live in a place where it was safe to leave the doors unlocked, to walk down the street alone, or to trust everyone that enters your house? These days personal information can be found in a person’s car, purse, or home; and can even be stolen by the least expected person. While there are preventative measures that can be taken, identity theft is a serious crime that is

Identity Theft Essay 1005 Words

1005 words - 5 pages identity will be stolen; however, there are some necessary things to learn to protect yourself. The purpose of my project is to help make people aware of these dangers on the internet and how to protect themselves to the best of their abilities. I chose to focus on “phishing” a new kind of internet theft where millions of e-mails are sent out to vulnerable consumers. This is a serious danger, one that I have first-hand experience with