Identity Theft – The Fastest Growing Crime in America

Michelle Rossevelt

Security Awareness, Security Solutions, Technology News

Identity theft has become a severe problem for computer users all around the globe. The FBI (Federal Bureau of Investigation) claims that identity theft is the most rapidly growing crime in America. According to the Federal Trade Commission of America, identity thieves use information like names, account numbers, social security numbers, credit card numbers and other personal information of about 10 million people each year. To solve a problem, the first step is always the same, that is to know the problem and understand it. So you better learn how do thieves steal your identity and what they do with it? Resultantly, you will be able to protect yourself.

There can be two types of identity thefts at the corporate level. Either hackers break through into the database of big businesses using different techniques or their own employees steal data. Employees steal confidential information of customers and use them for their own good or pass them to other criminals against some sort of bribe. As a result, companies should take some initiative and provide their sensitive files military grade encryption using Folder Lock.

It is a fair possibility that you may lose your identity in the hands of an online or offline crook. Your identity can be snatched from you if a hacker gets access to your social media or email account. Apart from that, there are thousands of ways in which your personal information can be stolen from the web. Other than that, a crook can steal your identity by just shoulder snooping while your are using your ATM or any other similar facility. Isnt it scary!

SEE MORE: Why is corporate data so valuable for hackers and insiders?

Hackers can use sophisticated methods to victimize individual users, they can use phishing techniques, look to stalk your social media accounts and by other means as well. Phishing technique is one of the most used methods to hunt innocent computer users. Phishing can be done through emails or through websites as well. Hackers develop phishing websites, they usually are disguised as an online store that offer you irresistible deals. You put all your information along with your credit card number or other financial information, which is enough for online criminals to harm you. Thus, you need to be aware of these threats and look to avoid being a target.

When your identity is stolen, you lose your identity and the thief becomes you. Any transaction or any act performed by him will be considered as done by you. Hackers can shop on your credit card and may issue some credit cards from a bank using your credentials. Definitely, when the credit card is issued on your credentials, you will be the one to pay off all the bills and face the consequences of being the defaulter. It can be really scary. Whereas, cyber criminals can be even more devastating, they can issue a car loan using your initials and use them for other even more damaging purposes. You can have a life long dilemma.

Fastest Growing Crime In The US

The fastest growing crime in the US is cybercrime. Cybercrime is any illegal activity that uses computers and the internet to access, manipulate, or damage data or networks. Cybercrime includes identity theft, hacking, and phishing, among other activities. Cybercrime is a global problem and is growing rapidly.

Identity Theft In The US

Identity theft is common in the US because the US has a large population and a well-developed economy. The US is a target for cybercriminals because of its large number of online users and the amount of personal data available online. Cybercriminals can access personal information such as Social Security numbers, bank accounts, and credit card numbers. This information can be used to commit fraud and other cybercrimes.

America’S Biggest Crime

America’s biggest crime is property crime. According to the FBI’s 2018 Crime in the United States report, property crime accounted for over 70% of all reported crimes in the US. Property crime includes burglary, larceny-theft, motor vehicle theft, and arson.

Top Listed Crimes In America

The top crimes in America are:

1. Larceny-theft

2. Burglary

3. Motor Vehicle Theft

4. Aggravated Assault

5. Arson

6. Robbery

7. Vandalism

8. Fraud

9. Embezzlement

10. Drug Offenses

Main Reason For Crime in US

The main reason for crime is typically attributed to poverty and inequality. Studies have shown that when poverty and inequality are present in a community, it can lead to higher levels of crime. Other factors, such as a lack of educational opportunities, inadequate access to health care, and a lack of employment opportunities can also contribute to an increase in crime.

Top City For Crime In The United States

According to the FBI’s most recent report, the city with the highest rate of violent crime in the United States is St. Louis, Missouri. In 2018, St. Louis had a violent crime rate of 1,913.5 per 100,000 people, which is more than twice the national average.

Why Is Identity Theft Growing So Fast?

Fastest Growing Crime in America
Fastest Growing Crime in America

Identity theft is growing rapidly due to the increased availability of personal information online. With the rise of online shopping, social media, and other online activities, individuals are leaving a digital footprint that can be accessed by criminals. Additionally, the lack of security measures in place to protect personal information has allowed criminals to steal data with ease. Finally, the use of sophisticated technology has enabled criminals to access and exploit personal information more easily.

Identity Theft A Problem In Society

is the main problem of identity theft
is identity theft a problem in society

Identity theft is a problem in society because it can lead to financial losses and emotional distress for the victims. Identity theft can occur when criminals gain access to an individual’s personal information such as Social Security numbers, bank account numbers, credit card numbers, etc. Once criminals have access to this information, they can use it to commit fraud and other financial crimes.

Most Common Causes Of Identity Theft

1. Phishing: This is when criminals use emails, websites, or text messages to try and gain access to your personal information by pretending to be a legitimate source.

2. Data Breaches: This is when criminals gain access to a company’s databases and steal personal information.

3. Social Engineering: This is when criminals use social engineering techniques to manipulate people into giving away their personal information.

How Does Identity Theft Ruin People’S Lives?

Identity theft can have a devastating effect on people’s lives. It can result in financial loss, damage to credit ratings, and even emotional distress. Victims of identity theft may be unable to obtain loans, credit cards, or other financial services. They may be unable to open bank accounts or even rent an apartment. Identity theft can also lead to criminal charges, as the thief may use stolen information to commit fraud.

Top States For Identity Theft

The top states for identity theft in the United States are California, Florida, and Texas. According to the Federal Trade Commission, these three states account for more than half of all identity theft complaints. Other states with high rates of identity theft include New York, Georgia, and Arizona.

Fastest Growing Form Of Identity Theft

The fastest growing form of identity theft is known as “synthetic identity theft,” which involves creating a false identity using a combination of real and fake information. Synthetic identity theft is becoming increasingly popular due to the ease of access to personal information and the ability to create a false identity.

Fastest Growing Type Of Cybercrime

the fast growing threat of cyber crime
most common type of cyber crime

The fastest growing type of cybercrime is ransomware. Ransomware is a type of malicious software that encrypts a user’s data and demands a ransom in exchange for the decryption key. Ransomware is becoming increasingly popular due to its ability to quickly spread across networks and the difficulty of detecting and preventing it.

Largest Age Group Targeted For Identity Theft

The largest age group targeted for identity theft is adults aged 18-24. This age group is particularly vulnerable to identity theft because they are often less likely to be aware of the risks associated with sharing personal information online, and they are more likely to engage in risky activities such as using public Wi-Fi networks and clicking on suspicious links.

Biggest Problem With Identity Theft

The biggest problem with identity theft is that it can have long-term consequences. Identity theft can lead to financial losses, damage to credit scores, and a loss of personal information. It can also lead to identity fraud, which can have serious implications for both individuals and businesses. Additionally, identity theft can be difficult to detect and prosecute, as perpetrators often use sophisticated techniques to conceal their activities.

A Phone That You Can Wash With Soap!

Expect These Low Profile Smartphones To Be The World Beaters