Data can be collected by organisations such as the websites we use daily, such as Facebook and Twitter. They have our information such as our age, date of birth, home address and other personal information which we would not share with strangers, and it is their job to protect that data, so that it doesn't get into the wrong hands, such as scammers. Organisations may collect information from you in a number of ways, over the internet, over the phone, or also in person. When the organisation collects your information, they should tell you what they information they are collecting and why they are collecting it and they should not use in a way that it is unfair to you.
Some of the information that is collected by organisations online may not be as accurate as what they would be if they information was collected in person, as we know that people can lie over the internet and input false details such as their name, address, post code, age, gender etc.
Once a person has given their personal details such as their bank details to the organisation, they are open to various threats. One of these threats is Identity Theft, Identity Theft is when somebody steals your personal information and sometimes your financial information, in this case, the person who stole your financial information may make transactions using your name. Financial Identity Theft is the most common form of Identity Theft and in America, there is more reported Identity Thefts than there is traffic accidents. "We get more reports of identity theft every day than traffic accidents." (Financial Identity Theft), up to 9 million people in the US are victims of Identity Theft each year. Although the fear of Identity Theft has gave people an insight of what could happen to them, and made people more cautious with their information such as their bank details, it has still affected people who have been victims of Identity Theft, their credit rating can be destroyed due