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This paper discusses identity theft, which has become a more pervasive issue in the age of computers and the Internet. First, the paper describes how identity thieves may operate, particularly when they get some personal information about an individual. Then, the paper explores how identity theft may be prevented, the most realistic being exercising extreme caution in what type of personal information is handed out, and to whom. Next, the paper notes what consumers can do when they have been the victims of identity theft. It also notes the government's role with this issue. The paper concludes by stating that although identity theft is unlikely to go away, with the proper safeguards and precautions, individual consumers can protect themselves against cases of egregious fraud and theft.
From the Paper:"There are, of course, things that can be done to prevent identity theft from occurring. The most direct action that can be taken is exercising extreme caution in what type of personal information is handed out, and to whom. Certain financial institutions and government agencies might need personal and/or financial information specifically to verify identity, and to make certain determinations for various programs, interest rates, and other determinations. This information should only be given when the consumer has contacted the bank, financial institution, or government office, however, and not when someone purporting to be from these institutions or offices contacts them--this is a common ploy used by identity thieves to obtain sensitive information (USDOJ 2009). Careful and regular monitoring of individual credit reports its also an effective tool for catching cases of identity theft early and stopping it before it becomes a bigger problem."
Sample of Sources Used:
- FTC. (2009). "About Identity Theft." Federal Trade Commission. Accessed 2 October 2009. http://www.ftc.gov/bcp/edu/microsites/idtheft/consumers/about-identity-theft.html#shouldyoufileapolicereportifyouridentityisstolen
- ITRC. (2009). Identity Theft Resource Center. Accessed 2 October 2009. http://www.idtheftcenter.org/index.html
- SSA. (2009). "Identity Theft." Social Security Administration. Accessed 2 October 2009. http://ssa-custhelp.ssa.gov/cgi-bin/ssa.cfg/php/enduser/std_alp.php?p_lva=&p_li=&p_accessibility=0&p_redirect=&p_page=1&p_cv=2.35&p_pv=&p_prods=&p_cats=16%2C35&p_hidden_prods=&cat_lvl1=0&p_search_text=&p_new_search=1&p_search_type=answers.search_nl
- USDOJ. (2009). "Identity Theft." United States Department of Justice. http://www.usdoj.gov/criminal/fraud/websites/idtheft.html#whatdoing
Cite this Term Paper:
Identity Theft Prevention, Detection, and Correction (2012, April 01) Retrieved May 21, 2013, from http://www.academon.com/term-paper/identity-theft-prevention-detection-and-correction-150741/
"Identity Theft Prevention, Detection, and Correction" 01 April 2012. Web. 21 May. 2013. <http://www.academon.com/term-paper/identity-theft-prevention-detection-and-correction-150741/>