Id Theft

In: Business and Management

Submitted By dadu
Words 2899
Pages 12
Fraud- intentional deception made for personal gain or to damage another individual. Fraud is a crime and a civil law violation. (1) Fraud affects individuals, businesses and the economy as a whole. Every year millions of dollars are lost due to activities of scammers using countless illegal techniques to achieve their goals. As hard as people work to make money and as difficult as it is to save it, the last thing they want to do is lose any of it through fraud. Financial fraud is the number one consumer complaint, and the biggest danger all the people face nowadays is identity theft, one of the most pervasive and insidious crimes. Identity theft occurs when someone assumes some or all of your identity to engage in criminal behavior.
The first case of identity theft is described in the Bible when Jacob covered his hands and neck with goat skin in order to trick his father into giving him a blessing of a firstborn, in order to acquire all the property and livestock his father owned. In early American history, identity theft was focused on voters’ registration and ballot stuffing. Then in1930’s, brought 21’st amendment to the United States Constitution brought the new law that repealed prohibition. Alcohol was legal again, but drinking age was determined by individual state, until 1984 when US Congress passed the National Minimum Drinking Age Act. Between these times worst crime committed was underage drinking using fake ID. Usage of assumed name and identification to commit serious fraud was still rarity. (2) Rapid increase of personal and financial information along with new technologies gave new live to an old crime and ID theft is now being called the crime of the 21’st century.
Identity theft can disrupt lives or even put people in jail for the crimes they never committed; in other words, the victim of identity theft can suffer adverse…...

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