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Atricle Dump - The Implications of Identity Fraud
In this holiday season online shopping is hotter than ever! According to US Commerce Department online sales continue to grow with a robust 25-27 percent this year over 1992. Online holiday shopping at a rate of 10 percent is also considerably outpacing the 5.7 percent growth of overall retail sales. Goldman Sachs predicts 23 percent of all gift-buying this holiday season will take place online!So, if you don’t have a product of your own to sell online, how can you profit from this exciting trend?One of the finest ways of making money online is to promote other people’s products or services by becoming their affiliates. Affiliate is a term used for a website that drives traffic to another website in exchange for a predetermined commission.Thanks to the
- By simply obtaining a credit card number or the actual credit card can allow criminals to make unauthorised charges to your account. Credit card numbers are on any receipts you receive for purchases made. Also on your monthly statements you receive in the mail. If you lose a credit card for some reason your number is on it and can be used fraudulently. Credit card fraud can occur at a merchant or over the telephone or the Internet where you do not need to be present to purchase goods. Who knows what is happening at the other end – we tend to trust people too much.
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A lot of people believe that having their web pages submitted through a search engine submission service would result to an increase in traffic. This may very well be true, but it is in no way a universal truth. What some people fail to understand is how the quality of their search engine submission affects the success of their websites or web pages.Typical Search Engine Submission ServiceA run of the mill search engine submission service could guarantee that your site is submitted to the maximum number of existing search engines. However, this would not guarantee that your site will be included on the top ranks of the search engine results pages. If you mistakenly assumed that merely submitting your sites to search e
Identity fraud is the crime that most people fear. If you do not know much about identity fraud and identity theft, you should make sure you read and learn about this type of criminal activity. You cannot protect yourself, if you do not understand the crime!
Around the world people are beginning to acknowledge that albeit a comparatively new form of criminal activity the instances of identify fraud are on the increase. Every year there are more cases of identity fraud.
According to the Federal Bureau of Intelligence (FBI) and the Federal Trade Commission (FTC) identity fraud is among the fastest growing crimes in the USA and is also receiving increasing media attention. The instances of Identity Fraud has created over 27 million victims and the loss of billions of dollars to businesses and financial institutions from 1998 to 2006.
Identity Fraud is growing at an alarming rate in the UK and it is predicted to get much worse. Identity fraud has been identified as costing the UK billions of pounds a year, and is one of Britain's fastest growing crimes, yet people are still not doing enough to protect themselves.
Not just in the USA and the UK is identity fraud causing concern but in every major country around the world. Identity fraud is a growth industry and as fast as law enforcement agencies, government departments and financial institutions move to plug gaps and loopholes, the criminals find new ways to exploit a fundamentally flawed system based on old-fashioned paper and cumbersome, slow-moving bureaucracies.
The term identity fraud has become very popular over the last 10 years. There are many explanations on what identity fraud is but I believe it is most accurately described as the crime committed when someone's good name and identity is stolen and used for illegal purposes.
Identity fraud is a far wider problem than the popular understanding that criminals assume another person's identity to obtain cash, property or services. Unfortunately, thieves are very clever and they can steal your information very easily and use it any amount of different ways. Some of the possibilities include:
- By rifling through your household rubbish to try and find important personal details (receipts, bank statements etc). You would be amazed what people put in their rubbish.
- By simply obtaining a credit card number or the actual credit card can allow criminals to make unauthorised charges to your account. Credit card numbers are on any receipts you receive for purchases made. Also on your monthly statements you receive in the mail. If you lose a credit card for some reason your number is on it and can be used fraudulently. Credit card fraud can occur at a merchant or over the telephone or the Internet where you do not need to be present to purchase goods. Who knows what is happening at the other end – we tend to trust people too much.
- By
It's hard to avoid certain mistakes, especially when you face a situation for the first time. In fact, many of the following mistakes are hard to avoid even if you're an old hand. Of course, these are not the only mistakes CEOs make, but they sure are common enough. Take the following self assessment: give yourself ten points for each of these entrepreneurial blunders you are in the process of making. Deduct five points for those you have narrowly avoided. Your score, of course, will be kept confidential, but do seek help. Fast!1. Big Customer SyndromeIf more than 50 percent of your revenues come from any one customer you may be headed for a meltdown. While it both is easier and more profitable to deal with a small number of big customers, you become quite vulnerab
Identity Fraud is growing at an alarming rate in the UK and it is predicted to get much worse. Identity fraud has been identified as costing the UK billions of pounds a year, and is one of Britain's fastest growing crimes, yet people are still not doing enough to protect themselves.
Not just in the USA and the UK is identity fraud causing concern but in every major country around the world. Identity fraud is a growth industry and as fast as law enforcement agencies, government departments and financial institutions move to plug gaps and loopholes, the criminals find new ways to exploit a fundamentally flawed system based on old-fashioned paper and cumbersome, slow-moving bureaucracies.
The term identity fraud has become very popular over the last 10 years. There are many explanations on what identity fraud is but I believe it is most accurately described as the crime committed when someone's good name and identity is stolen and used for illegal purposes.
Identity fraud is a far wider problem than the popular understanding that criminals assume another person's identity to obtain cash, property or services. Unfortunately, thieves are very clever and they can steal your information very easily and use it any amount of different ways. Some of the possibilities include:
- By rifling through your household rubbish to try and find important personal details (receipts, bank statements etc). You would be amazed what people put in their rubbish.
- By simply obtaining a credit card number or the actual credit card can allow criminals to make unauthorised charges to your account. Credit card numbers are on any receipts you receive for purchases made. Also on your monthly statements you receive in the mail. If you lose a credit card for some reason your number is on it and can be used fraudulently. Credit card fraud can occur at a merchant or over the telephone or the Internet where you do not need to be present to purchase goods. Who knows what is happening at the other end – we tend to trust people too much.
- B
The number of consumers with oil company credit cards, good for gasoline purchases, has increased dramatically during the last ten years. The two main reasons for this growth are the general easing of qualifications for such cards and the growth of pay at the pump. It is simply much easier and faster to buy gasoline if all you have to do is stick a card in the pump, get your gas and drive away. Many Americans are all too happy to apply for another credit card if it means avoiding lines inside the gas station.Gasoline is a recurring expense for most people. Anyone who drives to work each day will probably find that his or her gasoline expenses are about the same each month. Given that the monthly use is the same, gasoline purchases can be viewed in much the same way as a cable TV bill
Not just in the USA and the UK is identity fraud causing concern but in every major country around the world. Identity fraud is a growth industry and as fast as law enforcement agencies, government departments and financial institutions move to plug gaps and loopholes, the criminals find new ways to exploit a fundamentally flawed system based on old-fashioned paper and cumbersome, slow-moving bureaucracies.
The term identity fraud has become very popular over the last 10 years. There are many explanations on what identity fraud is but I believe it is most accurately described as the crime committed when someone's good name and identity is stolen and used for illegal purposes.
Identity fraud is a far wider problem than the popular understanding that criminals assume another person's identity to obtain cash, property or services. Unfortunately, thieves are very clever and they can steal your information very easily and use it any amount of different ways. Some of the possibilities include:
- By rifling through your household rubbish to try and find important personal details (receipts, bank statements etc). You would be amazed what people put in their rubbish.
- By simply obtaining a credit card number or the actual credit card can allow criminals to make unauthorised charges to your account. Credit card numbers are on any receipts you receive for purchases made. Also on your monthly statements you receive in the mail. If you lose a credit card for some reason your number is on it and can be used fraudulently. Credit card fraud can occur at a merchant or over the telephone or the Internet where you do not need to be present to purchase goods. Who knows what is happening at the other end – we tend to trust people too much.
- B
Have you ever frequented one business establish because you received incredibly good customer service and then left that business when the customer service was no longer incredibly good? What business management continues to fail to understand is that you left not because of poor products or services, but because of inconsistent customer service!Inconsistency in customer service performance is probably the greatest reason why businesses suffer sagging sales. When performance is inconsistent, even the most loyal customers will seek to spend their dollars elsewhere.In the spring of 2006, I experienced incredible service at a local gas station. The employee realized that her job was dependent upon satisfied and delighted lo
Identity fraud is a far wider problem than the popular understanding that criminals assume another person's identity to obtain cash, property or services. Unfortunately, thieves are very clever and they can steal your information very easily and use it any amount of different ways. Some of the possibilities include:
- By rifling through your household rubbish to try and find important personal details (receipts, bank statements etc). You would be amazed what people put in their rubbish.
- By simply obtaining a credit card number or the actual credit card can allow criminals to make unauthorised charges to your account. Credit card numbers are on any receipts you receive for purchases made. Also on your monthly statements you receive in the mail. If you lose a credit card for some reason your number is on it and can be used fraudulently. Credit card fraud can occur at a merchant or over the telephone or the Internet where you do not need to be present to purchase goods. Who knows what is happening at the other end – we tend to trust people too much.
- B
Once a decision had been made to incorporate, the next question will inevitably be where to incorporate. One of the more attractive options available is to set up a Nevada corporation.There are many advantages to forming a Nevada corporation, but before exploring these, it may be advisable to understand from the outset what incorporating in Nevada will not do for you.Incorporating in Nevada will not lower costsYou must have heard the statement quite often that organizing a Nevada corporation will result in lower costs. The truth of the matter is that it won’t and that incorporating in your home state may well end up being cheaper. The primary reason is that Nevada imposes a number of fees on corporations domiciled in that state. Fees that many home states do not charge.<
- By simply obtaining a credit card number or the actual credit card can allow criminals to make unauthorised charges to your account. Credit card numbers are on any receipts you receive for purchases made. Also on your monthly statements you receive in the mail. If you lose a credit card for some reason your number is on it and can be used fraudulently. Credit card fraud can occur at a merchant or over the telephone or the Internet where you do not need to be present to purchase goods. Who knows what is happening at the other end – we tend to trust people too much.
- By Skimming – this is form of credit card fraud that occurs in the course of a normal, legitimate transaction and involves copying the magnetic stripe from a genuine payment card and transferring the information to a substitute counterfeit card.
- Hacking into personal computers and databases. With the technology that is available today even criminals with the basic technology skills can hack into computer systems.
- By gaining the trust of the unsuspecting victim to elicit their personal information from them. This is commonly known as Social Engineering or Pretexting. These are illegal practices were your information is gained by false pretences.
- By obtaining false documentation (birth certificates, passports, drivers licenses etc).
Identity fraud is not exclusive to one particular type of criminal activity. Identity fraud is now becoming big business and it encompasses most of the major criminal sectors in some form or other, including, illegal immigration, drug trafficking, money laundering, vehicle theft and fraud against the public and private sector.
Identity fraud is becoming a clear and growing threat to all forms of our society. Everywhere you look, identity fraud is making news these days.
Though commonly referred to as a "privacy" problem, identity fraud can be more accurately described as a financial crime. The fact is, bank and credit card identity fraud is big business these days and you can get caught out in several different ways.
One of the biggest problems in the battle against identity fraud is the growing sophistication of the methods being used, which in most cases stay ahead of detection methods. The introduction of Chip and PIN to combat credit card fraud has made fraudsters turn to new scams and identity fraud is proving particularly lucrative.
While "true name identity theft" is a very real problem, the reality is that consumers never report the majority of identity fraud because consumers are never directly victimised. Unfortunately, in many areas identity fraud is not acknowledged and is not as a crime and is rarely prosecuted.
One of the strongest ways of stopping identity fraud is education, and education comes in the form of knowledge. The best defence most people have against identity fraud is early detection.
Preventing identity fraud requires a conscience change in behaviour that makes you alert and aw
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