IDENTITY THEFT 6
As the world is evolving from the generation to generation in terms of infrastructure and advancing in technology, identity theft is gaining its rampant as people gain skills and knowledge (Sandra & Tracy, 2010). Identity theft is basically using another person’s name for ones’ individual gain. Thus, include using another person’s personal information such as social security number. This is occasionally in aim of having or acquiring money illegally. They may even have the intent of gaining their credit. Many governments in the world have highly prohibited identity theft. Besides, they provide restitution for victims found have committed the offence of identity theft. Nevertheless, identity theft can have immediate impact on consumers that can end the situation being more devastating. In addition, both the private sector and public sector facilitates as well as provide tools that assist consumers to prevent themselves proactively from the identity theft and that enhance reduction of the harm the identity theft potentially have on the consumer (Sandra & Tracy, 2010).
To start with, there are various types of identity theft that occur in different perceptive depending on the intention of the offenders. One of the common type of identity theft include the criminal identity theft (Ron, 2013). This occurs where an individual report the police with a fraudulent identity. This can be significantly either with the fake identity they have already enumerated and replaced on their actual identity. This is in the aim of taking their criminal activities to another person whom they have faked their identity. This can as well result to criminal charges against the wrong person (Ron, 2013).
The second type of identity theft is the identity cloning or rather the impersonation. Tis occurs in the situations where the identity thief may impersonate themselves in the aim of hiding their personalities or identity from the get know how of the government, creditors or even in their respective institutions where they have an intent of doing some criminal activities. The third type of identity theft is the medical identity theft. Medical identity theft involves situations where the identity thief tries to find some medical health care using another person’s identity (Ron, 2013). This is in the cases where the faded person has the health insurance cover. In the modern world, medical identity theft is one of the most prevalent cases of identity theft occurring today. It can be associated with the ill-person’s relatives where they try to seek their medical treatment suing an identity of one of the relatives who have the active insurance medical cover. Identity theft can be acquired through various resources that need to be highly condemned to stop this conflicting situation. Such resources of identity theft may include web resources, laws, law blogs as well as the lawyers and attorneys.
Effects of Identity Theft
There are numerous effects of identity theft in all field of the world. This literally implies that identity theft has both negative impact on an individual, business, society as well as the country’s economy (Claudia, 2004). It is therefore vital to analyze some of the lasting effects of identity theft. One of the lasting effects of identity theft can be the financial toll. Financial hardships caused by the identity theft can last lots of months and years after personal information of an individual is exhibited. This will significantly depend on the type of data that the identity thief had intent distort and managed to alter the algorithms of the database of the account (Claudia, 2004).
Similarly, an individual may suffer from emotional tolls as one of long lasting effects of identity theft. Normally, identity theft is an act of criminal offence that can alter the emotions of the victimized individual hence arousing different emotional reactions (Claudia, 2004). For example, if an identity thief uses a person’s identity in committing various crime offences, these actions can anguish the reputation of the individual leaving them emotionally malnourished. This can be stressful to fix the emotional gap and the destroyed reputation that has been left by the identity thief. From the current statistics, 74% of the victimized persons reported to be stressful about their identity theft done by these criminals. As well, 69% reported feelings of fear related to personal financial safety (Claudia, 2004).
Another long lasting and common effect of identity theft is basically the physical toll that remains in the victim. Most of the harassed victims by the identity theft reported to have experience fears of their physical identity (Martin, 2009). In fact, 23% of the ID theft victims surveyed by the ITRC survey reported to be afraid of their physical safety as 39% of the victims reported to lack the capability to focus in their life issues and obligations. As well, the victim could besides suffer the social toll from the society. Recovering from such criminal incidents could affect the personal relationships with other people as well as affect the financial stability of the family as they strive to contribute funds for the victim to recover financially (Martin, 2009).
Relevance and Significance of Preventing Identity Theft
To start with, preventing and fighting identity theft in the modern world is crucially vital for everybody’s welfare. As well, it can be useful to business organizations, society as well as the economy of the nation (John, 2003). One of the major relevance is that protecting your Identity theft can be easier than solving the problems and the impacts caused by the identity theft events. Besides, it is significant to prevent your identity from any personal vulnerability as well as be proactive in securing your identity. This critically helps escaping the damage that occurs when the identity is stolen. The credit score of the individual can be vitally impacted by the identity theft. This therefore essentially implies that the individual ought to use their credit score for almost every financial transaction they make in their personal and business activities. As well, it is relevant to protect your personal identity as identity theft can massively impact the health welfare as well as the well-being of the individual (John, 2003).
Claudia (2004), Identity Theft, Effects of Identity Theft, pp. 102-104.
John (2003), Identity Theft, Relevance Associated with Prevention, pp. 236-237.
Martin (2009), Identity Theft, Detection, Impact, Prevention & Security, pp. 56-58.
Ron (2013), Identity Theft, Various Types of Identity Theft¸ pp. 1026-1027.
Sandra & Tracy (2010), Identity Theft, A Reference Handbook, pp. 125-126.