Identity Theft Essay

1979 words - 8 pages

Chapter 2 – Common Warning Signs of Identity Theft

Identity theft victims, unlike other crime victims, are usually the last to know that they have been a victim of a serious crime. Depending upon the sophistication of the thief, it can be months before someone discovers that their identity has been stolen.

One way to tell if you are the victim of identity theft is to obtain a copy of your credit report. There are three main credit reporting agencies in the United States: Experian, Trans Union, and Equifax. Under the fair credit reporting act, Americans are allowed to obtain one free credit report from each agency per year. This is the easiest way to discover if someone has been using your identity. However, most Americans do not give their credit report a second thought until they need the report to obtain a loan or credit.

Americans tend not to give a lot of things a second thought when it comes to credit, which is what makes our society so vulnerable to identity thieves. There are usually clues given to a person that an identity theft has occurred and many people ignore the clues.

One clue that someone is about to become the victim of identity theft is a missing a credit card statement. Most credit card companies send out statements around the same time each month. If the victim has an unsecured mailbox, as most Americans do, the identity thief can grab the credit card statement from the victim’s mailbox.

This will probably go unnoticed by the victim who will believe that the statement has been “lost in the mail.” People often want to believe that the United States Post Office routinely loses mail or gives it to another person. While this does happen in some instances, the post office does not “lose” as much mail as people would think. They are a pretty efficient organization.

Depending how careful the victim is about his finances, he may or may not realize that he is missing a statement. In this case he will call the credit card company and tell them the statement is lost. If he calls before the payment is due, they will most likely believe him and should alert the credit card company that something is wrong. Most likely, in this instance, a hold will be placed upon the account.

If the victim is not meticulous about paying his bills on time, or has so many bills that he can’t keep track of them all, he may not realize that he didn’t pay the bill until he gets the next statement in the mail and sees a “late fee.” At this point, he will most likely call the credit card company and complain about the fee, telling them that he never received the statement and it must have been “lost in the mail.” Unfortunately, the credit card companies are used to hearing this sort of excuse as to why someone didn’t pay a bill on time and will most likely dismiss the victim as being a liar. Depending upon his past history, they may or may not reverse the fees. The victim is either happy or glad when he hangs up the telephone.
...

Find Another Essay On Identity Theft

Identity Theft Essay

889 words - 4 pages Identity Theft This paper will cover the topic of identity theft via the internet, phone and several other schemes. It will identify various ways in which your identity is stolen and ways which you can safeguard yourself from being victimized. I will also report what the Department of Justice is doing and the penalties associated with these crimes.      Identity fraud is use of a persons name, social security number

Identity Theft Essay

2134 words - 9 pages Identity Theft      In today's society, there is a white-collar crime that has greatly risen in popularity among criminals. This crime is identity theft. Hundreds of thousands of people have their identities stolen each year. Identity theft is when these criminals obtain and use consumers personal information such as credit card numbers, bank account numbers, insurance information, and social security numbers to purchase goods or services

Identity Theft

1614 words - 6 pages mom can be resumed. Unfortunately, all is not well, as this person was just a target of a scam called "phishing" and they just quite possibly became a victim of identity theft.Computers bring great convenience to our lives through online shopping and banking, but can also be dangerous because thieves put a high value on your personal and banking information. "In 2006 alone, identity theft cost consumers and businesses $49.3 billion" (Consumer

Identity Theft

1768 words - 7 pages Identity theft is one of the most pervasive and rapidly growing criminal activities in America. It is also one of the most devastating crimes for victims. One of the most common forms of identity theft is credit and debit card fraud. Credit card fraud not only exposes private payment information to thieves, but possibly the cardholder's name, address, and social security number. A 2003 survey from the Identity Theft Resource Center found

Medical Identity Theft

1857 words - 7 pages he is suspected of identity theft. The client does not have health insurance, but his twin brother does. He was using his twin brother’s insurance card to receive behavioral health services. The twin brother is not aware of the situation. The client recognized the consequences of his actions. The law enforcement officials were called and he was arrested. The fraud investigators discovered that the individual has been receiving health care

The Sentence (Identity Theft)

816 words - 3 pages Identity theft has become a growing problem in the United States. It is "defined as the process of using someone else's personal information for your own personal gain." (SpendOnLife.com, 2009)When a person is arrested on charges of identity theft and then brought to trial, the judge needs to take into consideration various things before he or she hands down a sentence. Among those things are educational backgrounds, finances, standing in the

Identity Theft Increasing or Decreasing

648 words - 3 pages Identity Theft IncreasingHave you ever opened unsolicited mail or you received your bank statements or bills and immediately thrown it in the garbage without reading it. Well guess what? You are giving a criminal exactly what he or she needs to support a career in crime? Throwing away these documents can cost you a lot and you can spend the next several years trying to clean it up. A person with a cruel mind can use your personal information to

Ways to Commit Identity Theft

1469 words - 6 pages There are many types of identity theft, and various reasons for a criminal to commit this crime, however what is most impressive is the way they attain a victim’s information. The simplest way to put is that a criminal obtains and exploits a victim’s information from their credentials; however, the ways the criminals obtain this information is impressive. According to the Identity Theft Journal, a person’s identity can be taken many ways

Identity Theft: what is it?

665 words - 3 pages Identity Theft: what is it?Cassandra NashMr. Craig GossFI 201Comprehensive PaperWhat is identity theft?Identity theft occurs when someone steals personal information (name, social security, address, phone numbers, or passport number, and so on) and uses it to extort money from youIdentity theft is one of the leading and fastest growing crimes in the USA at the moment. Each year between 500,000 and 700,000 American people face identity theft.The

Personal Prevention of Identity Theft

1098 words - 4 pages Personal Prevention of Identity Theft Today in the United States there is a crime that every citizen faces having committed against them and that is the crime of identity theft. Identity theft is the theft of one's personal identifying information such as one's name, address, date of birth, credit card numbers, bank information, and most of all social security number (National Insurance Crime Bureau, 2000). With the modernization of our

Juvenile Victimization in Identity Theft

2325 words - 10 pages Juvenile Victimization in Identity Theft Introduction Identity theft is continuously growing crime, and over the past several years we have seen a rise in the victimization of juveniles in the horrendous crime. Three important terms which are addressed in this research (that are important to know and understand) are identity theft, juvenile, and victimization. According to the Bureau of Justice Statistics, identity theft is defined as “the

Similar Essays

Identity Theft Essay

633 words - 3 pages Identity Theft Have you ever heard someone complain about their bad credit? Some people create their credit problems on their own, by not paying their bills on time, over exceeding credit card limits or bouncing checks. But some of these people are victims of identity theft. Identity theft can occur to almost anyone, especially with the increase in today?s technology. Identity theft is the action of stealing another person?s personal

Identity Theft Essay

968 words - 4 pages Identity Theft Identity theft happens when someone steals and uses another person’s identity to obtain resources in that persons name. This is an issue that has been going on for years. The difference today is technology. Technology has made it easier for identities of people to get stolen. Reasons behind this varies, some do it for political, financial, or social gain.There are different types of identity theft such as financial fraud, criminal

Identity Theft Essay 1309 Words

1309 words - 5 pages Introduction      There is currently a huge growing number of criminals that now do greater and more widespread damage to their victims without ever meeting them. Identity theft surfaced in the early 1990s and turned peoples everyday transactions into a data gathering game. Bits of personal information such as bankcards, credit card accounts, income, social security numbers or just someone name, address, and phone

Identity Theft Essay 1907 Words

1907 words - 8 pages Identity Theft What is identity theft? By definition “Identity theft n. the dishonest acquisition of personal information in order to perpetrate fraud, typically by obtaining credit, loans, etc., in someone else's name; fraud perpetrated in this way. ” (dictionary.oed.com, 2007). It’s estimated that 9 million Americans have had their identities stolen each year. “According to the Secret Service, its investigations show a jump