Identity Theft Research Paper Essay Example

Securing Your Identity Identity theft is on the rise in the United States and Globally. The Federal Trade Commission advised that there are about nine million cases of identity theft. People who had their identity stolen often feel like they were violated. Any individual can have their identity compromised in numerous ways. Different institutions store personal information. There are several organizations that have social security numbers, bank account numbers, and credit card numbers. Colleges and Universities have people personal information stored in their databases that could be hacked. There are several companies that offer options to people to protect their identity. Most credit card companies offer the option of identity theft protection for an extra fee. With Identity theft being on the rise, many states have begun to ask legislators for tougher laws. Legislatures are requesting companies to be held liable for individuals whose identities have been stolen. Imposing tough laws requiring companies to be held liable for identity theft will have an impact on small business.
Having identity stolen is a violation to personal information, the feel as though being robbed. Henderson reported that identity theft is the fastest growing crime in North America (Henderson). This type of crime cost businesses millions of dollars per year. With the increase in identity theft, there are several measures which people can take use for protection in the event of an identity being stolen. With most credit card companies, there is a charge of an additional $3.95 per month to offer an identity theft and credit protection. In the event that a security breach happens and an identity is stolen the company will contact all credit cards issued and close the accounts. They will also work with the banks in blocking all or any bank account from being accessed to detour any future accessibility of the individuals assets.
There are few tips that the Federal Trade