Identity Theft Essay -- essays research papers

IntroductionThere is currently a huge growing number of criminals that at one time do greater and more widespread damage to their victims without ever meeting them. Identity theft surfaced in the early 1990s and turned peoples everyday legal proceeding into a data gathering game. Bits of personal information such as margecards, credit card accounts, income, social earnest numbers or just soul name, address, and phone numbers are now collected and could be use illegally by these individuals without anyones knowledge. The purpose of this study is to investigate what is being make to help control this growing crime in North Carolina. This includes the evaluation of the identity theft policies that the banks in North Carolina have in place. The study try to determine which bank had better and tougher policies as well as whether or not these security policies had helped reduce identity theft complaints in North Carolina since the booking of its origin. Background of the studyIdent ity theft is whereby an individual obtains some piece of an unsuspecting victims sensitive information and uses it without their knowledge to rely fraud or theft. According to the Federal Trade Commission (FTC), people whose identities have been stolen can spend months or years and their hard earned bullion trying to clean up the mess the thieves have made of their good name and credit record. Some victims have lost job opportunities, been refused loans for education, housing, cars or even arrested for crimes they didnt commit. According to the FBI statistics, Identity Theft is the fastest growing crime in the U.S.s (Tribune Business News, 2003). Identity theft thieves have perfected the graphics of collecting information of unsuspecting victims and now all the law enforcement agencies, as well as affected companies, are working hard to find shipway to combat these issues. There are several ways that identity theft thieves gain access to your personal information. Lost wallets, p urses, stolen or lost mail used to be the main source of such private information. Mail, which sometime, includes bank statements, pre-approved credit cards, and tax papers are a source of a large marrow of data. In recent years, many have been known to steal reco... ...g numbers of identity theft cases, since the late nineties, have become a growing mend for the law enforcement agency and the community as a whole. Involving the public in this warfare calls for all organizations, banks included, to get tighter policies in place and protect the integrity and security of their customers data. This study will show whether or not the implemented policies in the local banks have helped reduce identity theft cases overall. investigate Questions and HypothesisTo perform our research study, we attempted to get answers to these questions How do North Carolina bank policies reduce the spread of identity theft? To what extenet are the policies of one bank better than the policies in the ot hers in reducing identity theft occurrence? What role can N.C. bank consumers play in reducing the risk of fair identity theft victims? We hoped that the responses would prove our hypoithesis the banks that have tight security policies in place have less consumer complaints than those that do not. Literature ReviewAs utter earlier, the method of data collection was done using a survey