Identity theft is a big problem In 2014 there was a victim o

Identity theft is a big problem. In 2014 there was a victim of identity theft every two seconds according to a study released by Javelin Strategy & Research (see reference below). This research also found that $16 billion was stolen from 12.7 million U.S. consumers in 2014, compared with $18 billion and 13.1 million victims a year earlier. Find at least five cases of identity theft. Describe ways you can protect yourself from identity theft. What laws might attach?

Reference: $16 Billion stolen from 12.7 million identity fraud victims in 2014, according to Javelin Strategy & Research. (March 3, 2015). Javelin Strategy. Retrieved from https://www.javelinstrategy.com/press-release/16-billion-stolen-127-million-identity-fraud-victims-2014-according-javelin-strategy

Your paper should meet the following requirements:

Be approximately two pages in length, not including the cover page and reference page.

Solution

Identity theft is a big problem now a days. It is accessing the another persons information without authorisation.The following cases includes there might be a chance of occuring the identity theft is

There are different cases in identity theft like:

Document and files theft: In this case there will be a highly confidention that will be available regarding government issues. The thefting of information will happen by some of thge employees those are working in that organisation itself.

credit card frauds: Generally this happens because most of the accounts are created with fake identities or profiles and those are used unnecessarily for large amount transactions. so the user looses so much money it will loss for both of them like organisation and user sometimes.

Loan fraud: This wilol also occur due to the accounts that are created fake these are created by showing fake documents and resulting inb taking loan and misuse in paying monthly payment to the organisation which bring huge amount of loss to the organisation

Employment fraud: In this case it will happen mainly by submitting fake documents or certificates which they show their qualification and experience and doing mal practices so they acquire jobs and get in tro the organisation and they will function according their own influences because of thius the organisation faces many problems and the results will be so abnormal.

Utilities fraud: This will happen because of some lack of passwords and exact authorisations in gadjets that are using.

The six steps that are involved to avoide risks are:

Account alerts: Many users have their own accounts like in credit cards, debit cards, net banking so if any unauthorised payment will be avoided by alerts through messages to your mail or phone so that you can able to know whenever anyone is accessing to your account. So that then you can change your credentials.

Mobile payments: If you want to pay any amount or transfer money there are many online applications that are available now there is no need of moving from one place to another you can make these payments through your mobile by sending one time passwords and there is a chance of paying through emi also

Password strength: In order to avoid thefting of data you have give a tipical password with different characters which there will be no chance of expecting your password and access by others.

Securing gadjets: Your information will be stored in your personal gadjets now a days so without get accessing by others you must be very secured witrh the passwords to your mobiles or computers rthat you are using.

There are many laws that are included to identify those problems are cyber crime law, netyworking law will be used to find those type of misusing practices.